Scott Melker: Dan Held questions whether crypto exchange price gaps are true arbitrage

Scott Melker: Dan Held questions whether crypto exchange price gaps are true arbitrage
Crypto exchange price gaps not true arbitrage

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."

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.

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