QUOTE(hilal74 @ Jan 17 2018, 02:31 PM)
Just saw in the Luno app price for ETH is still at RM6149.00 but in USD is at USD997 @ RM3942.11 (1 USD = RM3.95). Any idea why there is such a huge discrepancies between the currencies?
Willing buyer willing seller. The same with all other exchange. Why is there price differences between exchanges? Then next thing you come up is can i buy in exchange A and sell in exchange B. Answer is yes, but does the buy sell profit cover your fees and commissions. If yes, you have profited from a strategy called arbitraging.This is one of the reason why prices differ. The volume in Luno vs in Bittrex is also different. Hence it drives different trade patterns but why overall the same, go back to arbitraging rule. If it profit, do it.
Jan 17 2018, 02:48 PM

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