how the different exchanges manage to have the price of Bitcoin synchronized (or at least very close)?

  • 1
    Arbitrage bots, mostly – Raghav Sood Oct 10 '18 at 5:37
  • May you explain in More detail the arbitrage bots? – iberck Oct 10 '18 at 5:53

The exchanges don't need to synchronize. It's just traders keeping the prices close. If the price is $6500 on one exchange and $6700 on another for BTC. Traders will sell on the $6700 exchange and buy on $6500 exchange until they are close. They now own more BTC then before without spending any money

| improve this answer | |
  • 3
    right, it's called arbitrage. – JBaczuk Oct 10 '18 at 13:06

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.