Quote from: ArticMine on January 07, 2018, 04:22:28 PM

Quote from: daveon on January 07, 2018, 02:09:39 PM

I was going to arbitrage XMR on Bithumb then I realized that BTC on Bithumb is $23500. Sad

The only effective arbitrage I can see here is via USD/KRW; however this must be heavily regulated in South Korea creating effective foreign exchange controls. Otherwise this arbitrage would have been done a long time ago. It is USD/KRW that is out of whack here.

Edit 1: The non KRW price should be considered the true free market price here.
Edit 2: If effective foreign exchange controls is not the issue, there is something seriously not right at Bithunb with KRW fiat withdrawals.

I certainly agree that we should not expect the Korean exchanges to be a good representative of the free market price.

On the other hand I have been noticing a tendency for some rallies to be frontrun a little by Korean action. However, this is more gut than due diligence.