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The exchanges charge 0.5% per trade. This isn't feasible once you look at the numbers.
by t0 14y ago
The exchanges charge 0.5% per trade. This isn't feasible once you look at the numbers.
- aianus 14y agoWhy wouldn't it work if the spread was high enough?
- anonymoushn 14y agoSure. It would also help if the exchange took less than 10 minutes to execute trades.
- KingMob 14y agoExactly. I'm writing a (low-frequency) arbitrage program in Clojure for fun, but the long confirmation time for BTC and the inability to move non-BTC currencies between exchanges greatly limits this in practicality.