arbitrage between exchanges? Fair warning, Binance charges basically $10 per withdrawal so you won't make anything moving it in and out unless using much larger amounts.
RE: FUN & RISE Getting Delisted from Bittrex
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FUN & RISE Getting Delisted from Bittrex
If steem is a portion of his holdings I don't think he'll have any issues with the trading friction you're talking about. His bigger issue would be cashing out in a crisis scenario with large amounts in each exchange.
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