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ArBinance Takes Arbitrage Trading to Another Level
As the cryptocurrency market becomes more prominent among professional traders, it can make conventional trading processes a part of its operations.
One of these mechanisms is arbitrage. Arbitrage allows traders to benefit from buying and selling cryptocurrencies priced differently across different exchanges. But given that tracking price changes and acting on them is very difficult, automated crypto robot solutions often prove to be helpful for those who want to make use of arbitrage.
ArBinance is a new, automated arbitrage platform that allows its users to use arbitrage trading in an effective manner. With solutions crafted to fit the needs of all traders, ArBinance brings cryptocurrency arbitrage to everyone.
Arbitrage Trading is Helpful but Difficult to Execute
With new cryptocurrency exchanges popping up every other day, the digital asset market is rife with different markets. For those who deal with arbitrage trading, this means a plethora of opportunities to find differences in cryptocurrency pricing.
If a cryptocurrency is priced lower at one exchange but a little higher on another, it can be bought on its lower value and sold at a higher price. As a result, the trader who executes this transaction makes off with some profits. But considering that the price difference isn’t that much, to begin with, only one or two arbitrage trades do not cut it as an adequate trading profit.
That is why arbitrage traders have to perform tens or hundreds of such trades every day to come out on top. But tracking cryptocurrency prices across hundreds of exchanges, then trading them between multiple exchanges is easier said than done.
Most traders cannot get into arbitrage.
ArBinance is Making Arbitrage Trading Easier for Everyone
Through its automated crypto robot solutions similar to BitIQ, ArBinance makes it possible for traders of all scales to make use of arbitrage trading. The platform works through its carefully developed software that tracks cryptocurrency pricing and executes trading over 100 exchanges.
With a simple yet helpful interface, ArBinance’s arbitrage tool only takes a few minutes to be set up by its users. Once users have chosen an ArBinance plan that fits their needs, the software could keep track of markets and make arbitrage trades on their behalf.
Even those traders who know very little about cryptocurrency may benefit from arbitrage through automated trading.
ArBinance’s software lets users relax and see trades happen on their own, all without having to fret about manual configuration every few seconds.
Arbitrage Is Not a Piece of Cake, But ArBinance Makes It So
Arbitrage trading is one of the trickiest parts of trading assets regularly. But ArBinance ensures that its services are deployed in a way that seems more appealing than complicated.
This way, novice traders may find something to make profits with, while those who are attached to everyday trading could also find their lives becoming easer due to automated, yet accurate decisions taken by ArBinance’s software.
Simple in execution yet powerful in the trading field, ArBinance aims to be the primary trading tool for all levels of cryptocurrency traders. You can learn more about ArBinance by visiting the platform’s official website today.
Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively.
US dollar index retreats
Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.
The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points.
Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%.
At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital.
“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,” says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”
“The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…
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