It’s the antidote to those who want to avoid crypto’s notorious volatility.
The crypto bulls have routed the bears in the first two months of 2024, with bitcoin gaining an incredible 58% since 1 January and ether 62%.
That constricts the new supply of BTC to the market and has historically been associated with rising prices, both before and after the halving event. “Crypto arbitrage does not attempt to predict the price movement of assets but rather takes advantage of inefficiencies in the crypto market.Crypto arbitrage involves buying crypto assets abroad and selling them at higher prices on SA exchanges. Like most countries with exchange controls, these assets tend to sell for higher prices in SA due to the scarcity of foreign exchange.
The purple line is the USD/ZAR exchange rate. There is a strong inverse correlation between the exchange rate and the arbitrage spread, which tends to fall during periods of rand weakness.Future Forex hedges its crypto arbitrage trades so that profits are locked in at the moment the trade is executed.
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