Oddbean new post about | logout
▲ ▼
jin | 1 months ago (raw) | root | parent | reply | flag 
 I suppose this would be why we see arbitrage between exchange pair prices - different supplies & demands on the various platforms?
▲ ▼
Kanzan | 1 months ago (raw) | root | parent | reply | flag +1 
 its the arbitrage between exchange pairs that force the exchange rate to follow the relative fiat price.

because degens jump in to get free fiat trading the pair.