Cryptocurrency arbitrage is a strategy which involves buying cryptocurrencies on one exchange and selling them on another to capitalize on price discrepancies. Automating the process can be beneficial, as it enables traders to act quickly on opportunities and eliminates the need for manual execution. To maximize profits, consider triangular arbitrage, cross-exchange arbitrage, and intra-exchange arbitrage strategies. When setting up an automated trading system, it's important to select the right tools, follow legal and regulatory guidelines, and manage risks appropriately. Finally, stay informed about new trends and real-life success stories to refine your approach.
