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Profit Opportunities: USDC vs USDT Arbitrage Case of Successful Trading Strategies!

Profit Opportunities: USDC vs USDT Arbitrage Case of Successful Trading Strategies!
Max
02/08/2023
Authors: Max
#Screener

Recently, a small price difference emerged between exchanges due to rumors about issues with USDC (a cryptocurrency pegged to the US Dollar), resulting in around a 1% gap. Nevertheless, traders identified this situation as potentially profitable and began conducting operations with amounts up to $300,000 per cycle, capitalizing on the minor price fluctuations. These operations allowed them to buy coins at $0.93, send them to Binance, and sell at $0.937, creating a profit from the difference.

Profit Opportunities: USDC vs USDT Arbitrage Case of Successful Trading Strategies!

Furthermore, significant volumes of "wall" orders were observed, ranging from 50 to 100 million dollars, with a difference of around 0.7%. This could indicate the presence of large market players attempting to influence the USDC price or protect their interests.

A second approach employed by traders involved purchasing the coin at $0.9, waiting for it to rise to $0.99, and then using a bot like ArbirageScanner for successful arbitrage and instant response on the exchange. This method is effective and minimizes risks, thereby increasing profits.

Profit Opportunities: USDC vs USDT Arbitrage Case of Successful Trading Strategies!

We always strive to find advantageous and innovative strategies for our clients, and the case using USDC serves as a successful example of such work. Stay tuned to our channel for more interesting and useful cryptocurrency arbitrage cases.

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In our previous arbitrage case: Unlocking Profitable Opportunities: Exploring Arbitrage Cases with Exchange Order Book Imbalances

 
 

 

 

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