Automated Arbitrage (only for altcoins? considered an algorithm? thoughts?)

What're your thoughts on automated arbitrage? I'm more familiar with cryptos then I am with stocks. Maybe this type of opportunity only lives in the altcoin trading world.

Would this be considered an algorithm?

I've developed an app using websockets to identify opportunities, check balances on both sides and execute trades. Interfaces with Bittrex, Kucoin and Binance. Currently saving/investing more capital to cover more bases. Being US based limits the number of opportunities as well.

Submitted October 07, 2020 at 09:47AM by kamronkennedy
via https://ift.tt/2GOoony

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