12-18-2024, 05:21 PM
A triangle arbitrage bot is an advanced program that uses price disparities between three cryptocurrencies on the same exchange. Here's how it works: the bot purchases one cryptocurrency exchanges it for another and then returns to the original currency. For example, it may begin with Ethereum, trade it for Bitcoin then convert BTC to USDT and back to ETH, earning a small profit at each stage. The process runs fast by allowing the bot to detect price fluctuations before the market changes. It's a clever technique for traders to achieve regular profits without taking significant risks, making it an invaluable tool in the realm of cryptocurrency trading.