RXP bitstamp price

[mk57]

Hi  rippllers 

 

I wounder  the big differences between XRP time  price in bitstamp and other platform  now it is $ 2.60 while in other places it  was hitting   $3 any explanation ? what about arbitrage in this case ?

[Zedy44]

Couple quick reasons:

1. Korean exchanges trade higher on average because the demand is that much more on the Korean exchanges, which directly reflects price point.  Over 30% of all XRP trade volume is sourced from Korean exchanges.
2. Some exchanges, like Australian ones I believe, deal with liquidity issues and due to not enough XRP supply the price point is affected.

IMHO BitStamp gives you the most accurate average price for XRP from a global standpoint.

[mk57]

thank Zedy