STEEM DOLLARS trading under USD parity on Poloniex ($0.89)

in sbd •  8 years ago 

It seems it is early days as these types of arbitrage opportunities should not exist in an efficient market.
Free profits anyone?

Below are the links to the sources

https://poloniex.com/exchange#btc_sbd

and....

http://coinmarketcap.com/currencies/steem-dollars/#markets

sbd steemit steem
8 years ago by

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      ·  8 years ago 

    In theory yes, but unfortunatly there is no btc/steem btc/SBD market on steemit market.... so arbitrage can not be done full cirlce with out waiting 7 days. hence the spread.

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        ·  8 years ago 

      Agreed, that explains the lack of arbitrage action but I still wonder why the discount on SBD is a whopping $0.11. That is rather high for such a stable asset which is designed to hold parity with the USD.

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