During this rather dreadful weekend of cryptocurrency trading, arbitrage trading opportunities offer a welcome sight. Everyone wants to make a profit at some point, yet it remains unclear which currencies or assets will effectively allow one to do so. Until more price stability occurs, arbitrage opportunities are worth checking out.
BCHSV (OKEx / Gate)
It is the first time a big arbitrage opportunity presents itself for BCHSV. This forked version of Bitcoin Cash is getting a lot of attention lately. Its value ok OKEx is currently 4% lower compared to Gate.io, which makes for a very easy profit in quick succession. These are also two of the few exchanges effectively letting users deposit BCHSV at this time.
ICX (Binance / Gate)
Not surprisingly, the Gate.io trading platform will play a key role of importance for arbitrage trading once again. Buying ICX on Binance and selling it on Gate allows users to pocket a respectable 1.1% profit for no real effort. Given the troublesome circumstances in the crypto industry, such profits are too good to pass up on.
Cardano (Kraken / Gate)
When it comes to making a profit by trading Cardano, buying on Kraken will almost always guarantee profits to be made through arbitrage. Kraken often maintains lower prices for all altcoins. In this case, the value on Gate is 3% higher compared to Kraken, which makes this gap a no-brainer to exploit.
Qtum (Kraken / Poloniex)
A very intriguing arbitrage opportunity comes in the form of QTUM. Once again, users are advised to buy from Kraken due to its lower price and sell the QTUM on either Poloniex or Gate. Profits can be as high as 2.3%, which means this opportunity is rather appealing under the current market circumstances.
BCHABC (Kucoin / OKEx)
When an arbitrage opportunity for BCHABC – or BCH, depending on the exchange – presents itself, it is well worth taking notice. The value on Kucoin is 0.9% lower compared to OKEx. Given the liquidity for both exchanges, there is some good money to be made in this particular regard. It is expected this gap will close pretty quickly, thus time is of the essence.
Ethereum Classic (Koineks / Binance / KuCoin)
Those cryptocurrency enthusiasts who can access the Koineks platform may want to pay attention to its Ethereum Classic price. That value is very low compared to Poloniex. Gate. KuCoin. and Binance. As such, traders can pocket a 1.5% profit very easily, as this price gap should remain in place for some time.
Information provided by Arbing Tool.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.