(Bloomberg) -- Making a market in bitcoin is proving to be no easy task. The cryptocurrency's bid-ask spread -- the difference between what buyers are willing to pay for a security and what sellers are looking to receive -- averaged $3.40 during weekday trading in October and November. That's twice the figure of $1.70 for gold over the same period.
--With assistance from Sheldon Reback
To contact the reporter on this story: Kristine Aquino in London at kaquino1@bloomberg.net.
To contact the editors responsible for this story: Paul Dobson at pdobson2@bloomberg.net, Sophie Caronello, Eric Coleman
©2017 Bloomberg L.P.
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