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Topic
Board Beginners & Help
Re: All exchanges are not created equal - Kraken & Bittrex & ?
by
lordquanta
on 18/10/2017, 14:37:47 UTC
I'm a newbie, but I have noticed some discrepancies in pricing between the exchanges Kraken & Bittrex. I've notice multiple times that the high price of DOGE for the day has been higher on Bittrex than it was been on Kraken. Has anyone else noticed this with this or any other coins?
Main reason for these kind of observation is that cryptocurrency world is not oragnized or regularized as other markets are. There are few restrictions on how exchange works. Next thing is amount of coins and there price depends on people who use that exchange. If kraken has more user then you will find more coins and if bittrex has more users then coins will be more there.
The flow of coins from one exchange to other happens when there is considerable amount of premium. That is what compel people to move coins from one to other exchange and make profit.