840 aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvMTFmN2UwMjEtODI1OS00ZTE5LWE2NTUtNDZlYmMyYmQ3ZmVkLmpwZw eutejK

El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpers

Users of the Salvadoran government’s Chivo wallet will not be able to see frozen price quotes until the feature has been removed to deter arbitrage scalpers.
The Salvadoran government has moved to prevent users of its Chivo digital wallet from gaming the app’s price freeze feature to glean risk-free profits through arbitrage.On Oct. 19, Chivo’s Twitter account announced that wallet users will not be able to see the reference price provided for trades executed using the price freeze feature — which allows traders to retain the Bitcoin (BTC) price quoted by the app for up to one minute.Chivo tweeted that opportunistic traders have been using the price freeze feature to scalp for arbitrage across other cryptocurrency trading platforms globally during periods of significant price volatility for Bitcoin. The frozen price feature gave traders an opportunity to take advantage of price gaps in other exchange rates while quic

Czytaj więcej

We współpracy z: https://cointelegraph.com/news/el-salvador-removes-btc-price-feed-from-chivo-app-to-crack-down-on-arbitrage-scalpers

Total
0
Shares
Dodaj komentarz

Podobne Wpisy