Having launched in November 2017, Arbitao, a London-based startup, has introduced its platform for arbitrage trading — the term comes from professional trading and refers to buying and selling the same asset and making profits on differing prices. The platform is already available for experienced users, as well as for novice traders with smaller budgets.
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The company representatives say that the platform has been tried and tested by initial investors since late 2017. “A lot of initial coin offering (ICO) projects don’t have a working product and probably never will have. With Arbitao, it’s different. Our goal was to deliver a working and tested product before the ICO starts. And we succeeded in it,” commented Karel Mirrin, Arbitao’s CTO, in the company’s press release.
The Arbitao team is separated into two operational offices based in London and Moscow, and they also outsource to Shanghai.
According to Arbitao’s press release, currently its arbitrage system compares prices from 19 exchanges and is capable of leveraging all user investments to execute trades and generate profits. Automated trading software makes profits possible to those outside of the ‘closed loop’ of arbitrage.
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