WORD OF THE DAY: ARBITRAGE
🔸Arbitrage in crypto refers to the practice of buying a cryptocurrency on one exchange where the price is lower and simultaneously selling it on another exchange where the price is higher to make a profit from the price difference.
🔸Traders take advantage of these price variations across different exchanges to generate profits.
🔸Arbitrage opportunities are often short-lived due to the efficiency of the market, but they can be lucrative for quick and skilled traders.
