A MarsBit market analysis item reports that a Blockchain Capital partner described “arbitrage” as a central playbook for successful companies in the crypto sector. The discussion uses Tether, Circle, Ethena and RedotPay as examples, but the focus is not limited to short-term trading spreads. Instead, the article defines the more important form of arbitrage as the ability to identify gaps in markets or institutional structures and then build a company around those openings.
From Open Gaps to Growth Flywheels
According to the article, the key for crypto founders is not merely spotting a temporary advantage. The more important step is turning that advantage into a growth flywheel. Tether, Circle, Ethena and RedotPay are presented under the same analytical frame because each case illustrates a process in which an unmet demand or structural gap is first identified, then reinforced through products, capital-market access or user networks.
The article further argues that temporary advantages only become meaningful when they are converted into durable barriers. For founders, that requires becoming “bilingual.” They need to understand crypto-native capital markets while also speaking the language of mainstream business, including compliance, institutional trust and consumer-grade products. With both sets of capabilities, a project can move through the full path from cold start to broader adoption.