Arbidex (ABX) is a cryptocurrency trading platform designed to capitalize on price differences between exchanges. It was launched to help traders capitalize on arbitrage opportunities by connecting to multiple exchanges like Bitfinex, Okex, and Bittrex. But today, the ABX token has lost 99.65% of its value since its peak. Let's explore what Arbidex is, how it worked, and where it stands now.
What is Arbidex?
Arbidex is a cryptocurrency trading platform that focuses on cross-exchange arbitrage. It connects to major exchanges via API, analyzing prices 1,000 times per second to find profitable opportunities. The platform's main goal is to automatically execute trades when price discrepancies exist between exchanges. This allows users to profit from small price differences that would be hard to spot manually.
When Arbidex launched in late 2018, the cryptocurrency market had more fragmented pricing. Different exchanges had varying prices for the same coin. Arbidex aimed to exploit these gaps by buying low on one exchange and selling high on another. The platform handled all the technical work, so users didn't need to manage multiple exchange accounts.
ABX Token: The Platform's Utility Token
The ABX token is the native currency of the Arbidex ecosystem. It's an ERC-20 token built on the Ethereum blockchain. Total supply is fixed at 25 million tokens. However, current data shows zero tokens in circulation. This suggests the token may not be actively used or traded.
ABX serves three main purposes on the platform:
- Reduced trading fees
- Higher deposit limits for arbitrage trades
- Access to automated arbitrage features
Users with more ABX tokens got better platform access. But with no tokens circulating, these benefits likely aren't available anymore.
How Arbidex Worked
Arbidex connected to exchanges like Bitfinex, Okex, Bittrex, Poloniex, Huobi, and Quoine. It monitored prices across these platforms in real time.
The platform's arbitrage engine checked prices 1,000 times per second. When it found a price difference, it executed trades automatically. For example, if Bitcoin was priced lower on Bitfinex than on Bittrex, Arbidex would buy on Bitfinex and sell on Bittrex. This process happened in milliseconds to capture the profit.
Arbidex claimed to offer lower commissions than individual exchanges by negotiating better rates through its partnerships. It also simplified KYC (Know Your Customer) verification. Users only needed to verify once on Arbidex instead of each exchange separately.
Current Status and Challenges
Today, the ABX token's price is $0.000474. That's a 99.65% drop from its all-time high of $0.1357. Trading volume is extremely low-only 49.19% of trading days show positive price movement. Experts at Coinlore caution that low liquidity makes ABX very risky.
The cryptocurrency market has changed since Arbidex launched. Major exchanges now have tighter price spreads due to better liquidity and high-frequency trading. This means fewer arbitrage opportunities exist. Institutional traders with ultra-fast infrastructure now dominate this space, making it hard for platforms like Arbidex to compete.
There are no recent updates about Arbidex. The last major price movement was in October 2018. The absence of news, development activity, or community discussions suggests the platform may be inactive. Liquidityfinder.com reports zero circulating ABX tokens, which raises questions about its current utility.
Should You Consider Arbidex Today?
Given the current data, investing in ABX carries significant risk. The token's value has plummeted, and there's little evidence of active trading. Experts recommend caution due to low liquidity. If you're researching arbitrage opportunities, consider that the market has evolved. Today's opportunities require advanced tools and direct exchange access-not intermediary platforms like Arbidex.
For most traders, using established exchanges directly or exploring newer arbitrage tools might be better options. Always do your own research before engaging with any cryptocurrency project.
Is Arbidex still operational?
Based on current data, there's no evidence Arbidex is actively operating. The last significant activity was in late 2018. No recent updates, news, or community discussions exist. The ABX token has zero circulating supply according to Liquidityfinder.com, suggesting the platform may be inactive.
Why did ABX lose so much value?
ABX lost value due to reduced arbitrage opportunities in today's efficient crypto markets. Major exchanges now have tight price spreads, making cross-exchange profits rare. Low liquidity, minimal trading volume, and lack of platform updates further eroded confidence. The token's all-time high of $0.1357 has dropped 99.65% to $0.000474.
Can I still trade ABX tokens?
Trading ABX is extremely difficult. Most exchanges don't list it, and trading volume is negligible. With near-zero liquidity, finding buyers or sellers is nearly impossible. Experts advise against trading ABX due to high risk and lack of market depth.
What was Arbidex's main purpose?
Arbidex aimed to profit from price differences between cryptocurrency exchanges. It connected to exchanges like Bitfinex, Okex, and Bittrex via API, analyzing prices 1,000 times per second to find arbitrage opportunities. The platform automated the buying and selling process to capture small price gaps that individual traders couldn't exploit manually.
Is Arbidex safe to use today?
No. With no active development, zero circulating tokens, and no recent updates, Arbidex is considered inactive. Using it today would expose users to significant risks, including potential scams or loss of funds. Always verify a project's current status before engaging with any cryptocurrency platform.
