kaal:claim:4033886-032

When exchanges apply different standards about who may trade on their platform, the market ends up showing different prices for the same asset across exchanges, which is one reason trading arbitrage has become common in crypto.

Source quote, verbatim
When different exchanges apply different standards as to who can trade on their platform, the market sees different prices for the same asset across exchanges.
From

Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022), IV.1 Market Pricing, p. 30
https://ssrn.com/abstract=4033886 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886

Holds when
Classification

mechanismsupport: arguedfailure: access driven price fragmentationfamily: liquidity-and-market-structure-failureeconomicsdefi

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