Wednesday, July 11, the average weighted exchange rate of bitcoin is the largest cryptocurrency exchanges was $6197. However, at the site WEX price cryptocurrency for the first time in intraday trading rose to $8750, writes CCN.
The growth spread to other trading pairs, including USDT/USD. So, the exchange rate of the token Tether reached $1,30, despite its peg to the US dollar with a 1:1 ratio.
At the moment BTC/USD on the exchange WEX is trading at $7823 with an average rate of around $6200.
Experts disagree that could lead to such an increase in the exchange rate of bitcoin on a single site. Some have suggested that this may indicate that the exchange is not secured by a dollar, or even direct fraud by the management of the site.
Others suggest that this is due to the illiquidity of the US dollar in WEX and large commissions on withdrawals.
However, most experienced traders expressed caution about such a jump in prices and advised not to succumb to the temptation of easy profit.
You should ask yourselves why is there this “too good to be true” arbitrage opportunity and avoid in case
This is what saved me from Mt.Gox https://t.co/pQYjfZWrVw— Alistair Milne (@alistairmilne) 11 Jul 2018
“Ask yourself, why this arbitrage opportunity “too good to be true” and avoid it. It saved me from Mt.Gox”, — wrote on Twitter Director of investments Altana Digital Currency Fund Alistair Milne.
At the time of writing, according to Coinmarketcap, the volume of trading on the exchange WEX is about $39 million, the Exchange takes the 30th place by market capitalization.
Recall, bitcoin exchange WEX is based on servers of the arrested in the summer of 2017 platform BTC-e.
The alleged co-founder of the exchange BTC-e Russian Alexander Vinnik is now in a Greek prison on charges of laundering $4 billion through the platform. In the US he faces up to 55 years in prison.
Earlier in July there appeared information that the CEO of WEX, Dmitry Vasiliev intends to sell the site of the ex-militants “DNR” Dmitry, Halchenko, known under the Callsign “Sailor”. Then it was alleged that the transaction amount can be several million dollars. Later, however, the representatives of WEX denied this information.
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