Cryptocurrency exchange NDAX adds algorithmic trading and market maker application Hummingbot
Canadian cryptocurrency exchange NDAX today announced a new partnership with Hummingbot, Open source software Build and run customizable trading strategies. By cooperating with Hummingbot, NDAX customers can now easily set up, connect and automate transactions on the NDAX platform.
Hummingbot provides an easy-to-use command-line interface through its connectors with some of the world’s largest centralized and decentralized crypto exchanges, allowing users to configure, customize, and run automated robots and strategies. Other benefits of Hummingbot include customizable templates and built-in trading algorithms, including avellaneda market making, and arbitrage strategies.
Hummingbot + the first NDAX trading competition
“Follow us Hummingbird Integration, we will also launch the first of many crypto trading competitions.Through Hummingbot and NDAX API, Our customers will be able to become high-volume, high-frequency traders, and participate in trading competitions to earn monetary rewards and benefit from a lower transaction fee structure. This two-week competition will reward top traders with total trading volume of all trading pairs on NDAX, with a total prize pool of 10,000 Canadian dollars. By providing first-class tools that can easily synchronize with our platform and trading pairs, NDAX is one step closer to launching its own VIP program for market makers. “
– NDAX team