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There are actually lots of arbitrage opportunities in BTC. Check out the difference between BitFloor and MtGox. It's easier to deposit USD into bitfloor throug
by dmm 14y ago
There are actually lots of arbitrage opportunities in BTC. Check out the difference between BitFloor and MtGox.
It's easier to deposit USD into bitfloor through BoA than it is to deposity USD into MtGox. So customers of a certain site use bitfloor to buy BTC with USD.
Thinking about it now you're probably right about the USD/EUR prices.
- noname123 14y agoI looked into it. Problem is transaction cost. Currently, the deposit and cash-out fee's plus the trading fee's of various BTC exchanges just do not justify the arbitrage profits. I hope someone could create a BTC ETF that allows people to trade BTC to USD on the conventional market.