[SPONSORED] Historically it’s done well quite well – better than the JSE and S&P 500 since the start of 2021. FutureForex_ZA Moneyweb cryptos arbitrage
It’s a question Moneyweb readers have asked on several occasions: how does South African crypto arbitrage compare with other investments?
Impressive as that is, it is lower than the figures achieved in previous years when the crypto arbitrage profit averaged 2-4% per trade, against the current average net profit of 1-2% per trade. Say you bought BTC at R640 000 and it dropped 1.5% to R630 000 before it could be sold in SA. That could theoretically wipe out your expected profit. And if, while waiting for the BTC to arrive in SA, the US dollar-rand exchange rate dropped from R14.80 to R14.60, your BTC would be worth roughly 1.4% less in rands.
”Having eliminated the market risks entirely through our fully hedged investment system, we’ve spent a lot of time and effort selecting the best and most trusted partners for our crypto arbitrage service, to ensure that the risk of counter-party failure is very low. We have performed extensive due diligence on third parties, ensuring that they are credible and reliable before engaging with them in our arbitrage process.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
JSE weaker as investors await US inflation dataAll share loses 1.27% in early-morning trade
Weiterlesen »
Market Watcher: JSE yoyos[MARKET WATCHER] Makwe Masilela of MakweFundManagers made sense of yesterday’s headline-driven markets, the possibility of debt defaults in Russia on SAfmRadio MarketUpdate with FifiPeters. Download the podcast in the link. Mneyweb BusinessNews
Weiterlesen »
JSE dips, rand stronger ahead of US inflation data | Fin24By late Tuesday morning, the JSE's all-share index was down a percent at 73 686 points. Investec (-5%) was among the biggest losers, while Harmony gave up more than 3%
Weiterlesen »
MARKET WRAP: JSE slips as investors digest US CPIInflation in the world’s biggest economy accelerated to 8.5% in March, prompting fears of more aggresive rate hikes by the Fed
Weiterlesen »
JSE faces mixed Asian markets, as oil climbs back above $100Easing of lockdowns in parts of Shanghai and lack of progress in peace talks over Ukraine have lifted energy prices, while markets also digest US inflation
Weiterlesen »
JSE slips as investors mull over US inflation dataUS inflation rose the most in March since 1981, adding pressure on the Fed to raise interest rates even more aggressively
Weiterlesen »