As the market starts to move again, so the bitcoin arbitrage opportunities open up.
It has to be said though that the opportunities are not what they were last year. However, that is probably a sign of a maturing market so we should be grateful, sort of.
Traders love volatility and what they love even more is a good arbitrage opportunity.
We provide a selection of exchanges below listed in Asking price order. Top of the heap is WexNZ, the New Zealand exchange where bitcoin is priced at $8,700 for buyers – a huge $2,000 premium.
LakeBTC, the Shanghai-based exchange that does its business globally, is selling bitcoin at $7,261. The Yobit exchange, favoured by day-traders who like to fish for the smallest of coins, also has bitcoin priced at a substantial premium to western markets, at $6,725.
Bitcoin prices at selected exchanges, as at 8 October 2018, 15:41 UTC+1
|Exchange||Ask Price||Bid Price|
You can read our last look at the spread of prices between exchanges, published at the end of August – you can find it here.
Gary has been writing about cryptocurrencies since 2013 and currently works as the cryptocurrency analyst at interactive investor, the UK’s second-largest online investment platform. Gary contributes for Coin Intelligence News in a personal capacity and none of his commentary should be considered investment advice. Gary is the winner of the ADVFN International Financial Awards 2018 Cryptocurrency Writer of the Year. Contact Gary on twitter at: @gary_mcfarlane