Arbitrage plays a part in Bitcoin’s pricing in the crypto market, but that does not explain everything.
Bitcoin trades in countless locations across the globe, including on numerous exchanges. The asset, however, largely trades near the same U.S. dollar value across the market, aside from some countries’ outlying price action from time to time. How is this possible? Numerous trading products exist in the crypto space, including Bitcoin (BTC) futures and options, but how is the price of actual transactable BTC, called spot BTC, determined in the crypto market, especially given the vast number of exchanges?“The price of BTC at any moment is really no more than a function of the price people are ready to buy or sell BTC at that time,” Justin d’Anethan, sales manager at Equos — a digital asset exchange under Diginex Group — told Cointelegraph. “That is why it will vary — very slightly — from one exchange to
Źródło: https://cointelegraph.com/news/what-keeps-bitcoin-price-similar-across-different-crypto-exchanges
