Cryptocurrency trading is increasingly becoming a mainstream way of investing. However, the cryptocurrency markets can be volatile and move significantly under short periods of time. Moreover, many of those investing in cryptocurrencies do not have the time or the effort to manually watch the markets in order to micromanage their trading strategies. This is where automated cryptocurrency trading comes in.
Automated cryptocurrency trading offloads traders
Just like the name suggests, automated cryptocurrency trading allows cryptocurrency investors to offload some of the trading done to automated trading bots. As such, this means that investors can place high-speed trades around the clock, seven days a week. Furthermore, automated trading bots are able to handle more orders than human traders, quicker, and without any emotions affecting trading strategies.
In addition to this, trading bots can analyze vast amounts of market data, such as orders, price, time of day, and transaction volumes to make the optimal trading decisions. Traditional stock exchanges have long used trading bots to maximize profits – making automated cryptocurrency trading a logical next step.
One automated cryptocurrency trading platform that has rapidly been making a name for itself is TradeSanta. TradeSanta provides intelligent, cloud-based trading software that can automate cryptocurrency trading for investors to take advantage of market fluctuations. What’s more, all of this functionality is packed into an interface that is easy to use, yet still exceptionally powerful.
TradeSanta features support for top cryptocurrency exchanges
Moreover, TradeSanta already works with a number of well-known, top cryptocurrency exchanges. The pre-programmed trading software currently features support for Binance, Bitfinex, Bittrex, and HitBTC. In addition to this, TradeSanta is also guiding that support for BitMEX, OKEx and Huobi are all ”coming soon”.
Furthermore, the TradeSanta platform has also been developed with a focus on security. TradeSanta is equipped with two-factor authentication functionality, in order to provide more secure user accounts. Additionally, the trading bots rely on API keys, which acts to restrict the extent to which bots can use different funds.
TradeSanta has already grown considerably
Perhaps the most notable aspect of TradeSanta is how quickly the platform is gaining prominence. At the time of writing, the platform reports a sizable 4,109 active trading bots, and an absolutely massive 346,609 completed deals. This is arguably due in large part to the fact that TradeSanta’s service is currently available for free.
Consequently, it seems all but guaranteed that TradeSanta will continue to gain traction in the coming weeks and months. As cryptocurrency trading becomes increasingly commonplace, automated cryptocurrency trading will likely become even more important for traders to retain a competitive advantage. In summary, TradeSanta appears to be perfectly poised to benefit from such a development.