The explosive growth of the cryptocurrency market, noted in 2017, has led to the rapid development of cryptocurrency trading platforms. So, if a few dozen platforms were available to traders several years ago, today the monitoring service Coinmarketcap monitors the activity of 200+ crypto exchanges, while experts suggest that their number is approaching 500. New financial instruments have appeared along with trading platforms on the crypto market. among which are particularly popular such as the trading bot — a program for passive trading of cryptocurrencies.
How Is The Trading Bot Arranged?
Bots exist in the form of software, which, in most cases, works directly with crypto exchanges through a program interface (API). The purpose of bots is to automatically complete transactions with assets: for this, bots conduct a detailed analysis of market information and, based on the data received, make decisions about transactions…