Arbitrage
By CoinGecko | Updated on Mar 03, 2020
A practice of taking advantage of differences in price of the same commodity in two or more markets or exchanges. For example, cryptocurrency prices on Korean exchanges can be different from those on US exchanges. An arbitrage trader would be in both markets in order to buy in one and sell in another for profit.
Related Terms
Daily Active Addresses (DAA)
On a blockchain, users interact with one another through their addresses, and daily active addresses (DAA) refers to the number of addresses which fulfills the defined activity parameter on a given blockchain.
Web3 Wallet
Web3 Wallet is the software that allows you to interact with web 3.0.
Kimchi Premium
The kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin.
Mempool
It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain
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