2018-6-19 21:37 |
Hyperinflation has made bitcoin popular in the African country because many of its residents do not trust their own fiat currency.
In stock markets, investors cannot employ arbitrage because each stock has only one price at a given time.
However, digital currencies like bitcoin are financial products that defy the law of the universal price.
The change in the price of cryptocurrency doesn’t only emerge across borders but also within borders, between crypto exchanges.
Arbitrage is an activity exploited by cryptocurrency traders who spot those price changes to make a profit.