Crypto Arbitrage Business Opportunities in 2021

The cryptocurrency arena is surging in worldwide demand and value. Leading the charge is Bitcoin, whose value has more than doubled since the start of 2021. Given the volatility exhibited in the cryptocurrency markets over the past year, many day traders and entrepreneurs are taking advantage of the increased volatility through crypto arbitrage. For help navigating and employing crypto arbitrage, our crypto analysts have put together the following. 

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What is Crypto Arbitrage?

Crypto arbitrage traders seek to make incremental profits multiple times per day by taking advantage of price fluctuations between varying brokers or cryptocurrencies. In the process, a crypto arbitrage trade involves buying a cryptocurrency for a lower price and selling it at a higher price for a profit. Here are three popular crypto arbitrage strategies: 

1. The triangle crypto arbitrage trade is the most versatile but requires the most transactions, resulting in less trading profits from trading fees. 
   1. Here’s how it works: You buy Ethereum at Broker A with US dollars for a lower price, transfer those Ethereum to Broker B where ethereum has a positive gain, then convert that ethereum to US dollars for a profit. 
2. Standard crypto arbitrage involves two cryptocurrency exchanges that have price fluctuations amongst their cryptocurrencies.
   1. Here’s how it works: You own Bitcoin, and you notice that the price of Ethereum is much higher on Broker B than it is on Broker A. Therefore, you transfer those Bitcoin to Broker B and convert them to Ethereum for trading profit.
3. Automated is the most user-friendly style of crypto arbitrage and tends to be more lucrative than manual arbitrage trading. With automated crypto arbitrage solutions, day traders simply have to invest in legitimate platforms (many of which leverage high-frequency trading algorithms) to trade far quicker and more accurately than human traders. Here are some top-rated automated crypto arbitrage solutions:
   1. Crypto Arbitrage App
   2. Coingapp
   3. CoinArbitrage
   4. Arbitrage Expert
   5. TokenSpread