New Exchange SFOX Aims to Find Traders the Best Bitcoin Price

One of the remarkable – and perhaps most confusing – aspects of bitcoin is the fact that every bitcoin exchange seems to have a different price for the cryptocurrency.
Of course, no two exchanges are ever alike because they all serve different markets. When it comes to how much it costs to buy or sell bitcoin, this is especially true.
The reasoning for this has to do with bitcoin being a global and largely unregulated market. Because it is bought and sold all over the world, there are numerous prices for it – with no centralization dictating any one.
A new startup called San Francisco Open Exchange aims to fix that. Or, at the very least, its platform will allow users an opportunity to potentially capitalize on the spread across different bitcoin exchange markets.
Akbar Thobhani is the co-founder of San Francisco Open Exchange, also known as SFOX. He told CoinDesk that his platform allows people to get the best price for bitcoin – a Kayak of sorts for the virtual currency – saying:

This post was published at Coin Desk on September 18, 2014.