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Dan Held argued that the price gap between crypto exchanges is not actually arbitrage, but instead represents a premium traders receive for taking on counterparty risk.
Scott Melker shared this assessment, noting that Held spoke with arbitrage traders in crypto and told them, "You are not arbitraging anything."
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Scott Melker previously reported that Ripple's XRP Ledger lending code update was delayed to November 4 due to a drop in validator support. He also noted the launch of a tokenized share class for Aviva Investors’ £22 billion sterling fund on the XRP Ledger. Melker’s recent comments on arbitrage follow a series of updates on crypto infrastructure and products.