Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Andre#
on 17/06/2015, 20:34:58 UTC
Quote from: bubble83 on June 17, 2015, 08:20:04 PM
Quote from: Andre# on June 17, 2015, 08:11:26 PM
Quote from: bubble83 on June 17, 2015, 07:27:02 PM
Quote from: Andre# on June 17, 2015, 07:17:05 PM
Price difference between Kraken en the Chinese exchanges is now over $10. This means arbitration is exhausted for the moment?

It's at $251 on the Kraken at the moment and 253 on OKcoin. That's not a very big difference considering the Kraken is low volume and a small amount of coins can move its market by a considerable amount. Where did you get your figures from?

BTW, your post is timestamped 21:27 CET, Kraken was at €220.29 ($249.80) and OKcoin at ¥1,598.50 ($257.52), according to bitcoinwisdom.com, a difference of $7.72 -- which makes me wonder, where did you get your figures from? Wink


I was looking at different currency markets to you. I only checked the USD markets without doing the conversions into different currencies. I got my figure directly from the Kraken. There is a spread between $249 and $251 on the Kraken and someone had probably brought when I got my figure.

This is what the Kraken's USD market looks like to me.

Ah, that explains. But Kraken USD is only 2% of the volume (looking at the past 24 hours) of Kraken EUR. OKcoin USD is about 20% the volume of OKcoin CNY (it's a bit hard to find their exact past 24 hour volumes).