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how the different exchanges manage to have the price of Bitcoin synchronized (or at least very close)?
Bitcoin price synchronized between exchanges
Answers
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The exchanges don't need to synchronize. It's just traders keeping the prices close. If the price is $6500 on one exchange and $6700 on another for BTC. Traders will sell on the $6700 exchange and buy on $6500 exchange until they are close. They now own more BTC then before without spending any money
2right, it's called arbitrage. – JBaczuk – 2018-10-10T13:06:52.233
Arbitrage bots, mostly – Raghav Sood – 2018-10-10T05:37:44.387
May you explain in More detail the arbitrage bots? – iberck – 2018-10-10T05:53:45.353