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PRESS RELEASE. Chicago, Illinois, USA – Hummingbot.io, a premier open-source algorithmic trading project, has chosen to amalgamate Beaxy Exchange into its most recent software release, allowing Beaxy users to take advantage of 24/7 automated high-frequency customer on a U.S. based cryptocurrency exchange. Previously, traders could use the open source codebase to run their own versions of Hummingbot. Now, a adaptation exists which was custom tailored by the Hummingbot Development Team to ensure a streamlined integration with beaxy’s career interface.
Hummingbot differs from other trading bots in several respects. It is an open source program and is clear to download and use. The core strategy of the bot enables a trader to function as a market maker on multiple exchanges – put simply, the bot will standing both limit buy and limit sell orders for others in the market (termed “takers”) to meet. While there are numerous scheme templates and operating styles, the bottom line is that Hummingbot has removed key barriers to entry for those in crypto who are itching to get their feet wet in algorithmic arbitrage and market making. Traders can exchange BTC to USD, USD to ETH, ETH to DRGN, DRGN to USD and dozens of top performing crypto currencies on Beaxy.
Beaxy’s Supervise of Customer Service, Cooper Craighead, added that, “Hummingbot is a great option for both users just starting into bot/algorithmic mercantilism and experienced veterans. It’s easy for anyone to set up, regardless of technical background, but has a depth of configuration options that will approve seasoned traders to tweak strategies to their heart’s content.”
With this integration, Beaxy and Hummingbot forward a divide up vision of providing the tools and insight that allow those who trade in crypto to trade profitably. Thanks to the developers, action of the bot requires little more than some elementary knowledge of the scripts it uses to trade, so even novice saleswomen can set their parameters and be up and running in less than 15 minutes.
Having grown 728% since January 2020, Beaxy Market has been working since its inception in 2017 to bridge the gap between cryptocurrency and legacy financial trading. Reflecting that aim, Beaxy’s digital trading platform comes with many of the advantages of a legacy trading platform. For example, the entire speed between interactions on the platform is faster than many U.S.-based crypto exchanges. To enable insight, the principles offers automated technical analysis to save traders the legwork while simultaneously offering the entire suite of polytechnic analysis tools for those who prefer to do it themselves. Add these perks to seven advanced order types and Beaxy looks a lot identical to the ideal set-up for market veterans.
Algorithmic trading programs like Hummingbot fill the last key gap for traders on Beaxy by validating trades around the clock and operating with microsecond instinct based on their set strategy.
If you would like diverse in-depth information on Hummingbot and other integrations, click here to visit our blog.
Media Contact:
James Carney
james(at)beaxy.com
With reference to Beaxy
Beaxy Exchange is headquartered in Chicago, Illinois, USA and is operated by Windy Inc in the United States and around the world. Glib Inc is registered with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) as a Money Services Business. Beaxy servings 42 U.S. states, in addition to serving an active global customer base in many international markets. Fiat currency on-ramps are offered by wire transfer in USD, EUR, GBP, JPY, CAD and AUD, as plainly as credit/debit card on-ramps offered through Simplex in USD, EUR, GBP, ILS, TRY, CAD, CHF, KRW, JPY, RUB, AUD, CZK, NOK, DKK, NZD, SEK, ZAR, HUF, and PLN. Beaxy Exchange offers safe, compliant, and nurtured cryptocurrency trading and fiat ramp services for its customers. Digital assets are secured by Curv Institutional Custody, with USD banks insured by the Federal Deposit Insurance Corporation [FDIC] up to $250,000.
About Hummingbot.io
Hummingbot is a community-driven open source crypto make available making and arbitrage bot that aims to democratize algorithmic trading by making sophisticated high-frequency trading strategies ungrudgingly available to everyone in the world. We believe this will lead to a more open, fair, and inclusive global economic system.
This is a press release. Readers should do their own due diligence before taking any actions related to the forward company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in tie-in with the use of or reliance on any content, goods or services mentioned in the press release.
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