These are hard times for people all over the globe. The coronavirus has caused devastation, primarily from a health standpoint but also economically.
The IMF has stated that due to coronavirus, the world is facing the most damaging financial crisis since the great depression. Central banks have taken dramatic steps to stabilize economies with quantitative easing being used to prop up markets. No one knows when the coronavirus crisis will end and the resulting uncertainty has led to extreme volatility.
Crypto lending arbitrage is equally straightforward, referring to the process of taking out a digital currency loan from one lending source, which has a low interest rate, and then reinvesting that same crypto sum elsewhere to earn a higher rate of interest.
Trading digital currencies is perfectly legal, in Canada, Japan, the United States, and the United Kingdom as well as across Europe. However, in China, digital currency trading is heavily restricted and India has recently implemented laws preventing banks from dealing Bitcoin.
Are you convinced investing is only for other people?
It can feel as though the markets just belong to people with years of financial experience and thousands of euros to invest.
But, at ArbiSmart you can deposit as little as €300 and get a foothold in the crypto markets so you can start to grow your capital.