Third, moving money across exchanges can be untidy and inefficient, and requires lots of confirming to do efficiently. That means it's hard for traders to investing differences across exchanges, which allows these price differences to prevail for longer than they would in a more efficient market.
Finally, Pissaro says there's an "Base issue" wherein buyers can't currently quickly buy bitcoin across multiple exchanges at once, again, making it hard to investing these price differences. Pissaro says this will be something that needs to be looked into during the next year as bitcoin increases in quality.
