Blockchain Firm Exscudo To Add Trading Robots Support On Its Crypto Exchangebr>
Blockchain financial services provider Exscudo will be releasing an open API for trading terminals that will allow users to utilize trading robots on the Exscudo exchange.
Exscudo calls itself the new gateway between the traditional financial system and the cryptocurrency market. The company’s main goal is to create a single gate to the cryptocurrency market for new users, professional traders, investors and financial institutions. Its products and services include the Exscudo exchange, Exscudo wallet, charts, trading terminals, debit cards, Exscudo merchant platform, and channels protected messenger.
Exscudo is currently testing a trading terminal API that will allow Exscudo exchange users to utilize a trading robot that automatically makes trading decisions based on market data analysis and pre-programmed set of parameters. The trading robot will enable experienced traders to operate more effectively by making faster judgments. It will also help traders to make emotionless choices, reducing the risk of rash decisions that may lead to potential losses. Since trading bots do not need to sleep or take brakes, traders will be able to keep track of crypto markets 24/7.
The company said the trading robot is part of its goal to create a unique exchange that will be equally useful for various types of users – from novice to extremely experienced.
“The team plans to make the Exscudo exchange more suitable to experienced and professional traders who use the trading software for their work, allowing to attract a new audience and boost the liquidity on the exchange,” the company said. “Liquidity is one of the most important factors for a new exchange – it allows assets to be swapped quickly and directly influences the usability and popularity of the platform. Today only the top tier cryptocurrency exchanges can offer complete trading terminals support via a public API.”
The trading terminal API is currently being tested in a closed environment with the integration on the Exscudo exchange planned to take place from September to October this year.