2min chapter

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FTX - Building Crypto Exchanges FTX and Serum with Sam Bankman-Fried

Modern Finance

CHAPTER

Cryptocurrency Arbitrage

In late twenty sevent you'd often find one to 20 per cent arbitrages just sort of all over the place. And then that, that arbitrage opportunity kind of went away. You know, i wouldn't say it went fully away, but, you know, in lateTwentySeventeen things got closer to the now type of levels that you see in terition all finance. In crypto, you do kind of physically store your assets on each venue that you're trading at. If if you're trying to do this trade where you'r buying big coins on coin bases and selling them on bit stamp, higher, if you run out of dollars on coin base, yes, you

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