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by arb-spreads
1348 days ago
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Alameda Research made billions arbitraging wide spreads in Asian bitcoin exchanges relative to the rest of the world. Required working with local banks to solve logistics around wire transfers and such. Obviously a run of the mill crypto ponzi offering 30% interest or something will eventually collapse. Difficult to balance incentives when it comes to traditional finance offerings such as structured products or an actively managed investment vehicle. As you point out, customers struggle in evaluating risk |
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