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El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpers

El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpers



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  1. tldr; The Salvadoran government’s Chivo wallet will not be able to see the reference price provided for trades executed using the price freeze feature until the feature has been removed to deter arbitrage scalpers. The feature allows traders to retain the Bitcoin (BTC) price quoted by the app for up to one minute. Chivo plans to remove the price feature and offer real-time price references for Bitcoin traders using its app.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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