Bitcoin Forum

Hi i have recently been on South African Exchanges to find the whole country trading in a Bubble. Prices seems regulated over South Africa at a Margin well above what it is elsewhere.

Luno has an API https://www.luno.com/en/developers (https://www.luno.com/en/developers)

I was Just wondering why Arbitrage is not fixing these Prices ?

 

Because we do not know whether we can withdraw our money or not and they do not have enough liquidity, this is not the first time I see it. 3 Years ago, I encountered the same thing when Bitcoin started its movement, the difference between international exchange and Indian exchange back then was around 30%.
Many people talked about it, but nobody was doing it. The local exchange usually has a strict regulation, it is very hard for a non-native trader to do it, the risk for your assets to be blocked is high.

If they had a BTC trade pair with ETH or something other than FIAT i would try them.
AltcoinTrader is another Exchange but i think thats a real scammy site that you can buy your own trades ,high fees and withdraw limit can be reached by withdrawing crypto . Dont know what those guys do if they reach withdraw limit. Just trade for fun i guess lol

Reason could be the obvious lack of liquidity and wash trading, because without the buy/sell walls, the faked price action can just move higher or lower, it doesn't mean that you can actually sell with that price.