Arbitrage Trading Opportunities in Cryptocurrency Trending With CryptometerDecember 8, 2018
Cindicator is a platform that promotes intelligent investing. Simon Keusen, the Head of Analytics contends that “South Korea will play an important role in driving the adoption of cryptocurrencies globally.”
The Cryptometer offered by Cindicator enables users to get notifications about arbitrage opportunities. This meter automatically monitors nearly 5 crypto exchanges and about 18 pairs of cryptocurrency.
The current scenario of the crypto market according to Cindicator is not efficient. There are different types of cryptocurrencies and different exchanges. The liquidity is distributed across the exchanges. Therefore, creates a lot of mispricing in the different platforms.
The major changes in the spot price and the variations in the price are monitored by the crypto meter. And when users select a specific asset to be tracked, the meter will track the asset type. The telegram bot will sent an asset notification for the asset type for which tracking was required. When the user goes through the notification and is personally convinced about the trend, they might choose or not choose to trade the trend.
Just like in any trading process, price and volume alerts are important to check for arbitrage opportunities.
Crypto investors are setting investment threshold for different cryptocurrency pairs like BCH, DASH, LTC, NEO, XMR, XRP, BTC, ETH, and USD.
Notifications are also soon to be offered for top cryptocurrency wallets. However, this cryptometer will be useful only to those who have at least 1,000,000 CND in tokens.
Cindicator offering such intellectual investment services has to state that South Korea is set to play an influential major role when it comes to adoption of the cryptocurrency.
This projection is not an assumptive expression. They are saying this after reviewing the current data available in the exchange and after analyzing the recent economic history, regulatory influence, and the existing market trends. Therefore, the conclusions are interesting and legit.
The crypto-exchange scenario in the country is highly developed. And nearly 30% of the salaried population tend to own and trade crypto assets of one kind or the other. The South Korean population is crypto-friendly.
The regulatory and tax framework provides for a favorable political environment. This along with a well-established exchange infrastructure aided by the high level of technical adoption provides the crypto-friendly country with an edge to pioneer cryptocurrency usage.
Bithumb, Upbit, Coinone, and Korbit are the public cryptocurrency infrastructures in the country. These exchanges are so-well accepted that a mere listing of an Altcoin in the crypto increases its value pretty much in ridiculous proportions. The Korean exchanges according to Cindicator have a key role to play in determining the crypto climate.