3 ms·
>The "exchange rate" is only determined by the order book, i.e. ultimately by supply and demand. if that were true then all exchange rates would be uniform acr
by 867-5309 4y ago
>The "exchange rate" is only determined by the order book, i.e. ultimately by supply and demand.
if that were true then all exchange rates would be uniform across all providers
- lxgr 4y agoWhat do you mean by "providers"? Different exchanges? Long-standing price differences are usually reflective of market inefficiencies that can't easily be arbitraged away, such as difficulties funding a given exchange account, insufficient volume to make it worth trading there, or many others.