Polygon will support b-cube.ai in building the N-Angular Arbitrage Strategy
We are excited to announce that Polygon Matic will support us in building an N-angular arbitrage strategy on the Polygon chain. In order to achieve our common goal, Polygon funded us with grants and provides their support in marketing, tech support during the cooperation.
What is N-angular Arbitrage?
An arbitrage deal in crypto is when you take advantage of the price difference of the same asset on two different exchanges. For example, let’s say you buy a coin on Exchange A for $100 and then sell it immediately on Exchange B for $110. You’ve just made a profit of $10 without doing any extra work. In order to make money from crypto arbitrage, you need to have an account on multiple exchanges and be constantly monitoring the prices. You also need to be able to move your coins quickly so you can take advantage of any arbitrage opportunities that come up.
The main idea is to strategically place buy and sell orders on multiple exchanges to exploit differences in prices. By doing so, we can generate a small profit from each trade while also minimizing risk.
Arbitrage deals are not about trying to predict the market, but rather about taking advantage of different prices on exchanges. Creating a system like this takes deep research and development work — and that’s where BCUBE’s team comes in. Our team has already done extensive research on the Polygon chain and we are confident in the success of our joint project. We believe that by working together, we can create a truly powerful arbitrage engine that will help traders make money regardless of market conditions.
We are looking forward to working with Polygon and delivering a best-in-class product for our clients.
The BCUBE Team