In the world of crypto trading, timing and exposure are everything. Broader access to information, quicker links to trading markets and faster execution of trades are key factors. The volatility of cryptocurrencies, their markets and round the clock open trading means that a trader has to be on his or her toes at all times.
Bots: Helping Traders
Automatic trading programs and algorithms, commonly known as trading bots, or just bots in the trading industry, are pieces of software that are designed to help traders in selection and execution of orders. Quick, fast and automated, these bots are increasingly being used by traders to gain that edge.
With speed and efficiency that humans cannot match, bots are becoming increasingly widespread in their role as arbitrage trading gains momentum. Currently, these bots are cumbersome, complex and require intimate knowledge of their workings. This has created issues for traders who are novices or are not so technologically adept, effectively creating a barrier of entry into arbitrage…