Bitcoin : How do brokers decide they price?

Bitcoin : How do brokers decide they price?

In all brokers in my country (Argentina) I their price per Bitcoin between 10% above Bitstamp’s price for purchase and 2% above Bitstamp when the market is bullish and between 2% and 10% below on a bearish market.

Why is this? Why don’t they just connect to a peer-to-peer exchange (E.g: Bitfinex, Binance, etc). Am I to understand they are speculating with the price? It seems highly unlinkely

View the link


Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: m5santisa

Score: 2

Don’t forget to share the post if you love it !

Ethereum : Using geth results in a massive amount of incoming requests

CryptoCurrency : AT&T Sued for $224 Million Over Cryptocurrency Theft