Re:What in the Ethereum application ecosystem excites me
by jqpabc123 on Tuesday December 06, 2022 @04:27PM
(#33887308)
The different CEXs would have to coordinate such price swinging.
No they wouldn't.
All they would have to do is "loan" tethers to their "whale" friends with the understanding that they will invest it in bitcoin and hold until they are told to sell. See article from wsj referenced below.
you'll be paying a lot to the arbitragers
Exchanges don't pay arbitragers anything. People who sell their crypto too cheap do.
No they wouldn't.
All they would have to do is "loan" tethers to their "whale" friends with the understanding that they will invest it in bitcoin and hold until they are told to sell. See article from wsj referenced below.
you'll be paying a lot to the arbitragers
Exchanges don't pay arbitragers anything. People who sell their crypto too cheap do.