Inefficiencies in the Bitcoincash market
Bitcoincash is currently traded for well above USD 300 on the Kraken exchange. On other exchanges the exchange rate is around USD 250. Why do people buy BCC/BCH at such a high price at the Kraken exchange?
It seems a good idea to transfer some BCC to Kraken and sell it there for 300 USD and buy new BCC at Bitfinex for 250 USD. Unfortunately Kraken doesn't support BCC deposits. That means there is only a limited supply of BCC on Kraken and if the demand exceeds the supply the price will go up. But who wants to pay so much more for BCC on Kraken? Surely it is cheaper to transfer your BTC or any other coins to e.g. Bitfinex and buy your BCC there.
I see that BCC deposits are now possible on Kraken. The difference in exchange rate is still there but it has dropped considerably. Currently at Kraken it is USD 334 and at the other exchages it is USD 324.