Even throughout the weekend, there are numerous ways to make money with cryptocurrencies. As all markets seem to recover some losses sustained throughout Saturday, the arbitrage opportunities are piling up rather quickly. Chasing the top is usually the least favorable option, whereas arbitrage trading is usually a guarantee for profit regardless of the overall industry market momentum.
For the second time this week, a stablecoin-related arbitrage opportunity involving TrueUSD presents itself to the market. That is rather interesting to keep in mind, as profits on stablecoins are very hard to ignore. In the case of TUSD, buying the currency on Gate and selling it on VeBitcoin will result in a very healthy and quick profit of 1.63% per trade. This means every Dollar spent will yield $0.0163 in profit.
It has been a while since the last Omisego arbitrage opportunity yielded some interesting profits in the process. In today’s edition, it appears there is a minor price gap between Gate and VeBitcoin waiting to be explored. More specifically, the price difference between these two exchanges will yield an average profit of 0.86%. A very promising opportunity, considering how rare these opportunities are.
Following the recent Ethereum Classic 51% attack, it is not entirely surprising to learn the ETC value in between exchanges is not necessarily the same across the board. Buying ETC on Binance and selling it on Gobaba will yield a profit of 0.85%. It is not the biggest profit by any means, but given what has transpired recently, it is still better than nothing.
There are quite a few interesting arbitrage opportunities when it comes to EOS today. As long as users are comfortable with selling on Gobaba, they can source liquidity from Binance, KuCoin, or Gate. The profits per trade will range from 0.79% up to 0.95%, depending on the individual prices and how many people are trying to exploit this gap at that time.
When it comes to exploring arbitrage opportunities pertaining to XLM, there are many options to choose from today. Buying on HitBTC, Gate, Kraken, or KuCoin and selling on EXMO can yield a profit of up to 3.33% in the process. Users can also buy on KuCoin and sell on either Bitexen or Gobaba for a profit of roughly 1.5% on average. All options yield some decent money,, although nothing to get overly excited about either.
Every single time a Litecoin arbitrage opportunity pops up, there are many different ways to make good money from it. Buying LTC on OKEx, Gate, Bittrex, Binance, KuCoin, or HitBTC and selling on Gobaba will yield an average profit of 1%. Users can also buy on Bitstamp and selling on either Vebitcoin, Cex, or Bitfinex for a profit of 1.3%. Numerous good ways to make money on a Sunday.
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.
Leading derivatives exchange operator, CME Group announced in a press release today that it will launch options on its bitcoin… Read More
For the past year many participants within the crypto markets have been looking towards the official launch of Bakkt as… Read More
RALEIGH, N.C. (WTVD) -- A series of online heists is robbing even the most tech-savvy people in the Triangle.According to… Read More
To say Colombia doesn’t have the best cryptocurrency regulations in the world would be an understatement. As it stands, crypto,… Read More
ETH/USD went up from $218.55 to $220.60. The Relative Strength Index (RSI) indicator is trending in the overbought zone. ETH/USD… Read More