As the cryptocurrency markets show signs of recovery – or further declines, depending on the currency – new arbitrage opportunities will be unlocked accordingly. There are still plenty of ways to make good money in this industry, although it may sometimes depend on what one hopes to achieve exactly. The following six options can yield decent profits, assuming they are executed in a timely manner.
It has been a few days since an interesting arbitrage opportunity involving EXMO presented itself. Today is one of those “lucky” days, as the price per XLM on both HitBTC and Gate is significantly lower compared to EXMO. When done correctly, traders can pocket a quick profit of up to 5% per trade, which is rather high for direct arbitrage trading. EXMO is not the most liquidity-driven platform, though, thus timing and patience will be of the essence.