GDAX Now Has Algorithmic Trading Says Coinbase, Fintechist
When it comes to online bitcoin wallets and buying and selling bitcoin overheen an online exchange, it doesn’t get thicker than Coinbase. The company is presently adding more than 1 million users vanaf month to its database and, against the backdrop of a dramatic increase ter mainstream adoption of bitcoin and cryptocurrency te caudillo globally, has risen to become a force te the space spil things stand.
What many don’t know is that Coinbase also controls GDAX, which is a cryptocurrency trading verhoging designed to mimic those that already exist and through which foreign-exchange and other asset traders place orders.
GDAX has grown considerably overheen the last 12 months te line with its parent toneel and Coinbase has sought to establish the verhoging spil a go-to kampplaats for cryptocurrency traders across the globe, just spil it has bot able to do with the Coinbase wallet and exchange toneel.
The latest news out of the company is that it is taking steps to achieve exactly this aim by way of a fresh integration with algorithmic trading verhoging QuantConnect. Algorithmic trading is something that has bot around for a long time ter the foreign exchange markets, spil well spil te the traditional equities markets, and it has te many ways switched the spel from a trader’s perspective.
With algorithmic trading now available te the cryptocurrency space, the implications for a standard manual trader are pretty far-reaching.
QuantConnect has described the development spil a natural gezond for its technology and, for GDAX, the budge serves to further differentiate it from some of its competitors ter this sector which, ter turn, should serve to attract even more users to the already high volume of rente that Coinbase has recorded overheen the last 12 months or so.
Here’s what QuantConnect founder and CEO Jared Broad had to say about the development:
Spil a powerful open-source initiative, wij eyed an chance to reach a larger set of quants and engineers that have bot investing te digital currencies, Now, with a strategic integration with GDAX, the QuantConnect community can vormgeving and instantly deploy cryptocurrency strategies.
Via 2018 and beyond into 2018, the company expects to add more exchanges to its list of covered platforms, meaning algorithmic trading looks like it’s here to stay te the cryptocurrency world.