The boom has eaten away the spreads and shown how fast the galloping cryptocurrency markets can change course. BITCOIN MULESBitcoin arbitrage thrived last year as the cryptocurrency grew more volatile and some governments stepped in with rules to curtail trading. Peter Kim of KIT Trading, part of Vulpes Investment Management, manages a $10 million cryptocurrency arbitrage operation. “In the beginning, when there is 30 per cent arbitrage, obviously you can travel to Thailand, buy bitcoins, send them to China, Japan, Korea and sell them. Li said his arbitrage activity nets him about $18,000 a month on a trading volume of about half a million dollars.

Source: The Express Tribune April 03, 2018 07:52 UTC