Review on ARBITRAGE by Fabrizio Zampieri
Arbitrage purpose is to buy coins at a low price on one exchange and then sell…
Arbitrage purpose is to buy coins at a low price on one exchange and then sell them for a higher price at another exchange. It's a practice that regularly happens in traditional financial markets. These opportunities are automatically completed via a trading robot. Arbitrage Coins consists of a cryptocurrency exchange bot. That bot is dedicated to finding gaps in cryptocurrency prices between exchanges. The platform offers 23 coin pairs and currently there are over 650 traders using it. Unfortunately there are no available info about the average profit or losses experienced by these traders.
The ArbitrageCoins domain was registered in June 2017 but we have no information about who’s running the company and what their background is. The company doesn’t provide any contact information and any location info.
ARBITRAGE (ARB) is an ERC-20 token based on the Ethereum blockchain. ARBITRAGE has a current supply of around 9 million ARB with over 3 million ARB in circulation.
ARB is tradable on Latoken, ABCC, CoinExchange and EtherFlyer exchanges.
We cannot fail to say that ARB reached its highest price on December 19, 2018 at $12.11 and subsequently touched lows at $0.14 on March 20, 2019, with a 99 % negative performance in just 3 months.
Pros
- -Project developers guarantee that all traders will make “good profits” every month, with no risk and will never lose money. Should we believe them???. I personally have many doubts.
Cons
- - Lost 99 % of ARB token value in just 3 months (from December 2018 to March 2019). - Arbitrage developers are not public (they refuse to disclose their name or activity location). - There are still not enough historical data to tell if the bot software is valid and working good or not. Until Arbitrage team releases more information about itself, many doubts can remain about the seriousness of the project. - Unfortunately, arbitrage opportunities are not so easy to find, especially in cryptocurrency markets, because liquidity is growing day by day, and gaps between exchanges are rapidly closing.
