Limits to Arbitrage for Blockchain-Based Assets

Stefan Voigt (), Nikolaus Hautsch and Christoph Scheuch
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Stefan Voigt: University of Copenhagen
Nikolaus Hautsch: University of Vienna
Christoph Scheuch: Humboldt University of Berlin

Chapter Chapter 13 in The Blockchain Scholars Book, 2025, pp 67-72 from Springer

Abstract: Abstract This chapter is based on the article “Building trust takes time: limits to arbitrage for blockchain-based assets” by Nikolaus Hautsch, Christoph Scheuch, and Stefan Voigt, published in Review of Finance in 2024 ( https://doi.org/10.1093/rof/rfae004 ). Stefan Voigt, an Assistant Professor of Finance at the University of Copenhagen, kindly agreed to summarize their joint research and serves as the corresponding author for this chapter.

Date: 2025
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DOI: 10.1007/978-981-95-2844-8_13

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