It can seem a bit morbid to talk about making money in a downturn that’s seen Bitcoin and Ethereum struggle to maintain prices above $20,000 and $1,000 respectively. As of Monday morning, the global cryptocurrency market cap was $904 billion—a huge fall from $3 trillion in November.
The fact remains: There are strategies for making money during the crypto crash, and arbitrage traders are employing them.
It’s usually apt to describe arbitrage as the simultaneous buying and selling of an asset to profit from tiny price discrepancies across markets. When those differences are tiny, speed rules all. Arbitrageurs use algorithms to find opportunities and bots to exploit them before the gap closes.
That’s core to high-frequency trading firms like Citadel Securities and Tower Research Capital.
But you don’t have to be a quant to make money with an arbitrage strategy right now, Ahmed Ismail, president and CEO of Fluid Finance, told Decrypt.
During the conversation he shared his screen and...
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