Manifold Founder Traced Early Trading Edge to CEX-DEX Arbitrage
Photo: TokenPost
Manifold founder Jae Chung said the firm built its early crypto quant-trading business around price gaps between centralized and decentralized exchanges, then worked to preserve returns as competition grew. Chung said he began exploring quantitative trading in 2021, when he was 21 and had no experience in the field. His first prototype, written in TypeScript, compared Binance and FTX prices with those across 10 blockchains he viewed as the most liquid. He said it found opportunities and remained profitable after fees.
Source: TokenPost
