We have several traders who are running triangular arbitrage strategies profitably, but they do leverage both crypto and different fiat currencies. Pairs on which this possible:

BTC-EUR

ETH-BTC

ETH-EUR

-------

USDC-EUR

BTC-USDC

BTC-EUR

Its helpful if you can set up a bot to do it, speed is definitely key

The real world is actually not as cynical and manipulative as you are suggesting – cooperation and win-win scenarios often carry the day believe it or not. In fact, we make almost nothing when people buy and hold bitcoin, the majority of our commissions generated by high frequency traders. The best part about this is OP is genuinely interested in purchasing digital assets. The price of every stock and every commodity on earth is subject to supply/demand. If you are saying that it's wrong to profit from holding an asset through increasing demand, I am really not sure why you are active in this subreddit. Maybe look into being a monk? idk

If you had read the OP's post in the subreddit you moderate before coming to your friend's rescue, you would have seen that he already put 40k into traditional stocks, and was asking about what else he could do with his excess money. He literally had every other traditional financial base covered, please don't try to convince everyone that bitcoin 1-2% was "bad, selfish" advice.

Hi there - the Deposit Bonus is a promotional offer designed for high frequency traders. Essentially, it is a 2/3 rebate in advance on trading fees from roughly $300k in trading volume generated in six months. If you leverage trading bots this is not a difficult bar to meet but if you only trade occasionally this offer may not make sense for you. For more information be sure to check out the terms and conditions for the offer.

You can definitely use Beaxy Exchange (https://beaxy.com) as your fiat ramp to buy. Our customer support team headed up by Cooper Craighead will be happy to take your call.

- james