Are there any specific cryptocurrencies that are commonly used for triangular arbitrage?

3 answers

• MrSensibleSep 25, 2020 · 5 years ago
  Triangular arbitrage can be executed with any cryptocurrencies that are traded on multiple exchanges. However, some popular choices for this strategy include Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have high liquidity and are widely available on various exchanges, making it easier to find suitable trading opportunities. Additionally, stablecoins like Tether (USDT) and USD Coin (USDC) are also commonly used due to their stable value and widespread adoption. It's important to note that the choice of cryptocurrencies for triangular arbitrage may vary depending on market conditions and individual trading preferences.
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• Davenport EnglishNov 20, 2024 · a year ago
  When it comes to triangular arbitrage, there are no specific cryptocurrencies that are universally considered the best. The choice of cryptocurrencies depends on factors such as market liquidity, trading volume, and price volatility. Traders often look for cryptocurrencies that have high trading volumes and are listed on multiple exchanges to increase the chances of finding profitable arbitrage opportunities. Some popular choices include Bitcoin, Ethereum, Ripple, and Litecoin. However, it's important to conduct thorough research and analysis before engaging in triangular arbitrage to identify the most suitable cryptocurrencies for your trading strategy.
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• Raghavendra jayateerthJul 13, 2025 · 4 months ago
  At BYDFi, we believe that triangular arbitrage can be executed with a wide range of cryptocurrencies. While Bitcoin and Ethereum are commonly used for this strategy, it's important to consider other cryptocurrencies as well. Coins like Ripple, Litecoin, and Bitcoin Cash can also be suitable for triangular arbitrage, depending on market conditions. The key is to identify cryptocurrencies that have sufficient liquidity and are listed on multiple exchanges. Additionally, stablecoins like Tether (USDT) and Binance USD (BUSD) can be useful for triangular arbitrage due to their stable value. Remember to always stay updated with the latest market trends and conduct thorough analysis before executing any arbitrage trades.
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