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Not true. You can trade USDT for USD on Kraken.
by ehrtt 7y ago
Not true. You can trade USDT for USD on Kraken.
- askmike 7y agoYou are right, but it's a tiny market though.
- bitcoinbutter 7y agoThat's not arbitrage though. Kraken has a market rate. The only way to arbitrage the USDT / USD rate is if you have a reliable place to sell USDT at 1:1.
- askmike 7y agoYou can definitely use Kraken's market to arb: - 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.