STEEM DOLLARS trading under USD parity on Poloniex ($0.89)

in #sbd • 8 years ago

It seems it is early days as these types of arbitrage opportunities should not exist in an efficient market.
Free profits anyone?

Below are the links to the sources

https://poloniex.com/exchange#btc_sbd

and....

http://coinmarketcap.com/currencies/steem-dollars/#markets

#steemit #steem
8 years ago in #sbd by
$0.04
  • Past Payouts $0.04
  • - Author $0.04
  • - Curators $0.00
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     8 years ago  

    In theory yes, but unfortunatly there is no btc/steem btc/SBD market on steemit market.... so arbitrage can not be done full cirlce with out waiting 7 days. hence the spread.

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     8 years ago  

    Agreed, that explains the lack of arbitrage action but I still wonder why the discount on SBD is a whopping $0.11. That is rather high for such a stable asset which is designed to hold parity with the USD.

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