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A comment on Crypto Market Roiled by New Allegations Against Tether, Bitfinex. Parent comment
- buy BTC with your USD on Coinbase Pro.
- sell your BTC into USDT on Binance.
- Sell your USDT back into USD on Kraken.
It really doesn't matter if the last step is 1:1 or another rate. If the price between Coinbase and Binance is big enough you can profitably arb this.
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- buy BTC with your USD on Coinbase Pro.
- sell your BTC into USDT on Binance.
- Sell your USDT back into USD on Kraken.
It really doesn't matter if the last step is 1:1 or another rate. If the price between Coinbase and Binance is big enough you can profitably arb this.