Bitcoin Press Release: Arbitrage trading service Bitbengrab has launched a tool that helps its traders capitalize on manual or automatic arbitrage trading across 29 popular crypto exchanges.
26th May 2020, London – Cryptocurrency trading has never been more popular than it is today, and with the new 24/7 arbitrage trading tool from Bitbengrab it has never been this easy. Barely ten years after Bitcoin first appeared, thousands of digital assets have been created, with hundreds of exchanges opening worldwide to allow users to freely buy and sell coins, tokens and all manner of virtual currency.
Unlike traditional markets, crypto markets have especially unique features that make them highly attractive to the aspiring crypto trader.
The first most noticeable feature is that crypto markets are highly volatile — while swings of 5% can be seen as breathtaking for stocks, crypto often sees swings of 10% or more in a single day — Bitcoin dipped 80% within 24 hours in March 2020, and recovered just as much a few days later. For the ambitious trader willing to trade on swings, this means huge potential profits.
But the second feature of crypto markets is the fact that they are still very young, especially compared to forex or stock markets. Crypto markets have only been around in the past ten years and there is still so much room to grow into. Stocks and forex have had almost a century to fine-tune their models and pricing reactions. Because of this, some exchanges in some parts of the world can be slow to react to global average prices, or have extreme variables in supply and demand.
And this is where crypto arbitrage opportunities come in.
The Market That Never Sleeps
In trading, arbitrage simply means to take advantage of the price difference between two markets. In crypto trading, a digital asset will almost certainly be trading at different prices at any single exchange at any given time. A trader that buys the asset at Exchange A with a lower price and sells it at Exchange B with a higher price is said to have completed an arbitrage trading.
On normal days, the price difference, however, is quite small — usually small enough to make the potential profit negligible through commissions or withdrawal fees. So there is still a risk, if not done properly, or fast enough, traders could still be in net loss if they don’t execute the orders fast enough.
True arbitrage trading means risk free trading, where profits are guaranteed because the difference in price is so big that it is impossible to lose money. And these opportunities are always happening on a daily basis across the scores of exchanges around the world and thousands of digital assets being traded.
But these arbitrage opportunities don’t come by often, and don’t last long. Exchanges themselves will notice the price difference and work to adjust them. So how can a crypto trader move quickly enough to capitalize? The answer is the Bitbengrab Arbitrage Trading Service.
Bitbengrab Finds and Trades Arbitrage, All Day, Every Day
Bitbengrab uses libraries to connect to multiple exchanges and fetch price data and order books at precise intervals. It then analyzes the data from multiple market pairs and exchanges to locate price differences.
It then shows users several fool-proof arbitrage opportunities. Users can then execute these trades manually. Better still, they can use API keys to connect their exchanges with Bitbengrab so trades happen automatically from dashboard.
29 Supported Exchanges and Counting
Bitbengrab can trade arbitrage automatically at 29 exchanges, including Binance, Bitfinex and Bittrex, allowing users to trade at many major exchanges. It is recommended users first verify with KYC at all these exchanges to open max limits. A full Bitbengrab video tutorial has been prepared to help users connect securely.
Users need only give Bitbengrab API permissions for balance and trading. Never to withdraw or deposit to a user’s exchange accounts. The Bitbengrab team is on standby to assist all users with their specific exchange API doc or any questions about API permissions.
The Bitbengrab team of trading and programming experts has decades of experience collectively. The Bitbengrab company is incorporated in the UK as BITBENGRAB LTD.
Media Contact Details
Contact name: Bitbengrab Team
Email: [email protected]
Learn more about Bitbengrab – https://www.bitbengrab.com/arbOps.php
Bitbengrab Video tutorial –
Bitbengrab is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.
Source: https://bitcoinprbuzz.com/never-let-another-arbitrage-opportunity-pass-again-with-24-7-bitbengrab-trading/Source: https://bitcoinprbuzz.com/never-let-another-arbitrage-opportunity-pass-again-with-24-7-bitbengrab-trading/
Dimitra (DMTR) Listed On Kucoin
Dear Dimitra Community, We have some fantastic news to share with you. Dimitra is excited to announce the listing of the $DMTR token on KuCoin, recognized as one of the world’s leading crypto currency exchanges. The exchange’s user base is global and it is considered to be one of the leading trading venues for emerging […]
Dear Dimitra Community,
We have some fantastic news to share with you. Dimitra is excited to announce the listing of the $DMTR token on KuCoin, recognized as one of the world’s leading crypto currency exchanges. The exchange’s user base is global and it is considered to be one of the leading trading venues for emerging and established altcoins.
KuCoin is the first exchange to list $DMTR. This listing, to be followed by other centralized and decentralized listings, will facilitate and accelerate Dimitra’s goal of democratizing agriculture technology for farmers globally.
The Dimitra $DMTR token will be available for deposit initially with the DMTR/USDT trading pair.
– Deposits will open at 11:00am UTC on September 21, 2021
– Trading will start at 09:00am UTC on September 22, 2021
All trading execution is done through the official website at www.kucoin.com or within the KuCoin Android and iOS apps
Dimitra is grateful and fortunate to experience the growth of such an active and loyal community! We are looking forward to continuing to grow together.
📢 WORLD PREMIERE LISTING
🔹Deposit: now open (supported network: ERC-20)
🔹Trading: 09:00 am on September 22, 2021 (UTC)
🔹Withdrawal: 10:00 am on September 25, 2021 (UTC)
— KUCOIN (@kucoincom) September 21, 2021
Check out KuCoin’s listing announcement here: https://www.kucoin.com/news/en-dimitra-dmtr-gets-listed-on-kucoin-world-premiere?utm_source=twitterinfo
Dimitra (DMTR) is a blockchain platform that is democratizing the agricultural technology space for smallholder farmers globally. Dimitra provides access to the blockchain, machine learning, Internet of Things sensors, and Satellite Technology through a mobile platform that helps farmers globally increase their yield, reduce costs and mitigate risks. Current farming practices are not sustainable; creating an evolution of practices will contribute to solving some of today’s largest issues for farmers. Issues like poverty, hunger, global warming, carbon emissions, freshwater, and soil preservation are all impacted by the adoption of Dimitra. Dimitra’s platform provides utility by combining the crypto investment cycle with agricultural development practices within nations globally.
MiamiCoin Could Free Residents Of Tax Burden, Says Mayor
Thanks to its recently launched cryptocurrency, Miami is exploring a new way to fund municipal expenditures. ICYMI my interview on MiamiCoin w/ @FoxBusiness ✅The revolutionary concept of @mineCityCoins ✅Understanding how it’s generated $5M+ for the City ✅How these benefits translate into a better quality of life for Miamians pic.twitter.com/ipewPwBMdw — Mayor Francis Suarez (@FrancisSuarez) September […]
The post MiamiCoin Could Free Residents Of Tax Burden, Says Mayor appeared first on CryptoCoin.News.
Thanks to its recently launched cryptocurrency, Miami is exploring a new way to fund municipal expenditures.
ICYMI my interview on MiamiCoin w/ @FoxBusiness
✅The revolutionary concept of @mineCityCoins
✅Understanding how it’s generated $5M+ for the City
✅How these benefits translate into a better quality of life for Miamians pic.twitter.com/ipewPwBMdw
— Mayor Francis Suarez (@FrancisSuarez) September 20, 2021
MiamiCoin earns 2,000 USD every 10 minutes for the city
In February, Miami mayor Francis Suarez made first advancements to transform the city into a cryptocurrency hub. His plans were further cemented when the municipal cryptocurrency MiamiCoin launched last month with 30% of all mined coins going directly to the city.
In a recent interview with Fox Business, Suarez confirmed that the city receives roughly 2,000 USD every 10 minutes though MiamiCoin. Annualized, this transfers to a revenue of over 100 million USD, although Suarez has been more careful, estimating a yearly revenue of 60 million USD. The money is earmarked for specific projects, such as funding for underprivileged communities, crypto education, and climate change mitigation.
Crypto could revolutionize government funding, says Francis Suarez
In his interview, Suarez stated that MiamiCoin could theoretically abolish Miami’s already low tax burden altogether:
It’s interesting because it’s not an involuntary tax and it’s not philanthropy. It’s something that is completely different and could revolutionize the way governments are funded in the future.
It is still a long way to go for that though. In 2015, the City of Miami recorded a total tax revenue of roughly 240 million USD. Yet, the move towards municipal coins is a very natural development.
Using cryptographic tokens as a funding vehicle for developing DeFi platforms and other decentralized applications is a tested method and has specially made great advancements over the last year. It should be only a matter of time until this method will be tried on a municipal, or even nationwide scale.
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AMC Entertainment Could Include Dogecoin as a Payment Option
Following confirmation that AMC would begin accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payment, the company’s CEO has asked the Dogecoin community if AMC should add the meme coin among the cryptocurrency options.
Almost 80% Want to Pay for a Movie Ticket With DOGE
Adam Aron, CEO of the world’s largest movie theater chain AMC Entertainment, conducted a poll via Twitter on Tuesday (September 21st, 2021) to check whether the company should accept DOGE payment. The poll, which ends on September 22nd, has garnered a lot of responses, most of them wanting AMC to include the meme crypto.
According to Aron, the Twitter survey came amid calls from members of the Dogecoin online community to add DOGE to the list of crypto options.
“I hear from many on my Twitter feed we should accept Dogecoin too. Do you think AMC should explore accepting Dogecoin?”
Before the latest development, the AMC CEO announced that the movie theater giant will accept Ethereum, Bitcoin Cash, and Litecoin by the end of 2021. This was after Aron previously revealed during an earnings call in August that customers would be able to pay for movie tickets and concessions online with bitcoin, also at the end of the year.
The poll has so far seen 110,000 votes, with 70% responding positively to the idea of DOGE payment, while 8% also agree but say they would not use the meme coin for payment. Meanwhile, 22% of the voters were not in support of the motion.
Growing Support for Dogecoin Payment
Aron’s survey comes as the cryptocurrency market is experiencing massive price dumps, along with the global financial markets, mostly tied to the Evergrande saga. Bitcoin, which traded at $48k over the weekend, dropped to as low as $40k, with the price of other altcoins also plummeting. However, there has been a slight recovery.
Dogecoin is currently the 10th largest crypto by market capitalization and reached an all-time high (ATH) of over $0.7 back in May. Now, though, it’s down to roughly $0.2.
If AMC Entertainment goes ahead to include the meme token among the list of accepted cryptocurrencies, the movie theater giant would become the latest company to support DOGE payments. Some others who have adopted Dogecoin include American basketball team Dallas Mavericks and Newegg.
Apart from AMC’s Adam Aron, Tesla’s CEO Elon Musk also carried out a similar poll for his followers. Although many of the respondents voted in favor of the electric vehicle manufacturer including DOGE among payment options, the company is yet to make it official.
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