Arbitrage Opportunity for Steem Dollars Found in 2 exchanges.

There are always trading opportunities made possible on the crypto industry simply because of the sheer number of a cryptoassets available to be traded in so many fragments of the market.

There seems to be an opportunity right now for Steem Dollars that fell into our radar. Of course, this warrants more due diligence on the trader's end and nothing we said must ever be taken flatly as financial advise (we're not lawyers here, just crypto enthusiasts).

Looking at the list of markets trading Steem Dollars on CoinGecko, we found a disparity between 2 major exchanges with relatively high trading volume. We decided to take a look further.

Sure enough, these 2 markets are trading SBD at a different rate, Bittrex at ) 0.1mBTC and Upbit at 0.08mBTC. Which calculates to 20% arbitrage opportunity. As we all know, 1 SBD is always priced at $1 USD. Right now, it is trading lower than $1 USD in Upbit.

Incidentally, the price in Upbit is trading at $1 Singapore Dollar. Which is cool considering we're looking at Upbit through Upbit Singapore.

Are you taking up this opportunity? do let us know how it went for you and feel free to share your thoughts and opinion.