High Frequency Trading on the Coinbase Exchange
Andrew Barisser is a software and cryptocurrency engineer at Assembly. Previously he was a grad student in biophysics at UCSB, where he says a "gnawing fascination" with bitcoin led him to software. In this article, he shares lessons learned from creating his own bitcoin trading bot in the "shark infested waters" of Coinbase's new exchange. I've recently started trading bitcoins algorithmically on the new Coinbase exchange. After reading about high-frequency trading in the book Flash Boys by Michael Lewis, I decided I'd give it a shot myself, albeit in a clumsier, more amateurish way. The....
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High-frequency strategies, which typically employs algorithmic systems, can be applied to bitcoin trading. This can involve looking at price gaps, short-term arbitrage opportunities, and other market factors to make profits off volatile price action. According to Assembly software and cryptocurrency engineer Andrew Barisser, bitcoin trading using high-frequency strategies has an incredibly open system that can easily be used by developers. Exchanges usually have open APIs that can allow anyone to trade, without requiring premium access or associated costs. Bitcoin Trading Systems. Barriser....
High-frequency trading allows cryptocurrency traders to take advantage of market opportunities that are usually unavailable to regular traders. Following the decentralized finance (DeFi) boom of 2020, decentralized exchanges (DEXs) solidified their place in the ecosystems of both cryptocurrency and finance. Since DEXs are not as heavily regulated as centralized exchanges, users can list any token they want. With DEXs, high-frequency traders can make trades on coins before they hit major exchanges. Plus, decentralized exchanges are noncustodial, which implies that creators cannot pull an....
Portofino’s backers believe that access to high-frequency trading, or HFT, could bring more hedge funds and institutional investors into crypto. Cryptocurrency startup Portofino Technologies has officially launched its high-frequency trading platform for digital assets, securing major funding from venture capital firms in the process. In launching its platform, Portofino disclosed that it had raised $50 million in equity funding from Valar Ventures, Global Founders Capital and Coatue. Although Portofino didn’t disclose how the funding will be used, the company has been active on the hiring....
As the fintech spaces continues to broaden digital currency infrastructure, it seems today we have taken another step forward towards wider integration. High-frequency trading has long been at the core of foreign exchange and other equities markets, and it was only a matter of time before the company came up with the technology that would bring bitcoin up to speed with HFT. The company - AlphaPoint - has developed a white label financial technology platform that can handle HFT in the digital currency space. The company stated: Bitcoin's massive growth has created a need for infrastructure....
Digitex LTD, a zero-fee cryptocurrency futures exchange has recently announced the much-awaited launch of its zero-fee spot markets. The exchange is well known for being a high-frequency, futures platform also known as the scalper’s paradise, allowing users to pursue trading strategies that otherwise would not be possible on fee-charging exchanges. The Digitex exchange, with its […]