4 ms·
Great chance for some Arbitrage there (buy rubles with USD, use to buy BTC there, cash straight back out to USD) I would do it but I expect I'd be beaten to it
by intunderflow 5y ago
Great chance for some Arbitrage there (buy rubles with USD, use to buy BTC there, cash straight back out to USD)
I would do it but I expect I'd be beaten to it with how long it would take to open an account at Binance
- 323 5y agoWhere do you buy the rubles from, all forex brokers announced that they are suspending ruble trading for the moment.
- tempestn 5y agoExactly, and that's why the apparent discrepancy is there. Pretty much any time there's an apparent large arbitrage opportunity one will find that there's a barrier (or significant cost) to actually executing it, or it already would have been arbitraged away.
- smabie 5y agoGood luck actually executing that trade
- jacquesm 5y agoI don't think executing the trade will be all that hard, the settlement could be though.
- jacquesm 5y agoIf you want to buy rubles with USD how do you propose to do so without kayaking your way to Russia first?
- intunderflow 5y agoFind an answer to that question to collect a tidy profit ;)
- UnpossibleJim 5y agoUSD => Chinese Yuan => Russian Ruble?
- jacquesm 5y agoIf you feel that the risks associated with evading these sanctions are worth the gain then you are a lot braver than I am, and besides that I would not want to profit of all this misery anyway.
- kasey_junk 5y agoChinese Yuan is an extremely unpopular currency corridor because a) there is no market for it, it’s effectively a peg and b) it’s divorced from usage in the country it’s supposedly from. That is to say you’ll pay a gigantic premium on that trade.
- UnpossibleJim 5y agoOk, so you'd end up flat at best and the whole thing would be a wash dollar wise while still putting you on a bunch of watch lists. Is that what I'm getting out of this?
- kasey_junk 5y agoI don’t know enough about that particular corridor to know what the specific outcomes would be. That said, my impression is that flat would be tough and liquidity would be a real problem.
- stavros 5y agoThe Bering strait isn't that wide, come on.