<p>Once, there will be a <strong>distributed</strong> exchange for <strong>distributed</strong> currency called "Bitcoin". </p>

<p>But now, there is no connection between exchanges, you can check this right <a href="http://bitcoincharts.com/markets/" rel="nofollow">here</a>.</p>

<p><a href="http://bitcoincharts.com/markets/currency/USD.html" rel="nofollow">See</a> how dramatically differ from each other exchanges, because it is 3rd bitcoin bubble.</p>

<ul>
<li>935.00 Mt. Gox </li>
<li>905.82 btc·e </li>
<li>840.00 Vircurex</li>
</ul>

<p>When there is upper trend, you might see difference in 200$-300$ (30%-40% of top latest price).</p>

CC BY-SA 3.0
2013-12-10T00:12:49.603Z
2013-12-10T00:12:49.603Z
user10274
<p>Prices are determined by free market forces. The free market prices coins different on each exchange due to liquidity, fees, fiat conversion options, and terms. Prices follow similar patterns over time, but it is traders that determine what the price is. </p>

CC BY-SA 3.0
2013-11-09T18:33:58.560Z
2013-11-09T18:33:58.560Z
user7636
<p>I wonder these exchanges, e.g. mtgox , bitstamp, bitcoinChina...etc, are they using API to connect to each others? </p>

<p>or they just closed exchange, the price sync are from the free market?</p>

CC BY-SA 3.0
2013-11-09T10:19:25.853Z
I'm pretty sure they are not connected in anyway. The price is synced using supply and demand. Notice that the exchange prices can differ significantly between different exchanges (for example when Mt. Gox had payout problems).
Jori
CC BY-SA 3.0
2013-12-10T16:49:27.113Z
Normally arbitration should synchronize those prices. It's possible to make money from price differences, exploiting those moves the price closer together. But it requires working cashflow in/out of the exchange. For example Mt.Gox's higher price could be caused by their broken USD withdrawals.
CodesInChaos
<api>
Are bitcoin exchanges all connected to each others? or just close platform
andrey
# Are bitcoin exchanges all connected to each others? or just close platform

(Asked by: username_0 on 2013-11-08)

I wonder these exchanges, e.g. mtgox , bitstamp, bitcoinChina...etc, are they using API to connect to each others?

or they just closed exchange, the price sync are from the free market?

**Tags:** api

> **Comments:**
> **username_1**: I'm pretty sure they are not connected in anyway. The price is synced using supply and demand. Notice that the exchange prices can differ significantly between different exchanges (for example when Mt. Gox had payout problems).  
> **username_2**: Normally arbitration should synchronize those prices. It's possible to make money from price differences, exploiting those moves the price closer together. But it requires working cashflow in/out of the exchange. For example Mt.Gox's higher price could be caused by their broken USD withdrawals.  

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## 2 answers

### Answer by username_3 on 2013-12-10. Score: 1

Once, there will be a **distributed** exchange for **distributed** currency called "Bitcoin".

But now, there is no connection between exchanges, you can check this right [here](http://bitcoincharts.com/markets/).

[See](http://bitcoincharts.com/markets/currency/USD.html) how dramatically differ from each other exchanges, because it is 3rd bitcoin bubble.

* 935.00 Mt. Gox
* 905.82 btc·e
* 840.00 Vircurex

When there is upper trend, you might see difference in 200$-300$ (30%-40% of top latest price).


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### Answer by username_4 on 2013-11-09. Score: 1

Prices are determined by free market forces. The free market prices coins different on each exchange due to liquidity, fees, fiat conversion options, and terms. Prices follow similar patterns over time, but it is traders that determine what the price is.


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