The Swiss based company AlgoTrader which provides algorithmic trading solution to support automated Bitcoin trading just announced that has added an automated Bitcoin algo trading – an algorithmic trading software that allows trading of cryptocurrencies on a fully automated quantitative basis.
Blockchain and cryptocurrencies are a hot trading topic this year. Many banks are already establishing blockchain-based services and using cryptocurrencies for interbank settlement. The first blockchain / cryptocurrency-based hedge funds have also appeared.
The upcoming AlgoTrader release 4.0 integrates Coinigy, an all-in-one digital currency platform. Coinigy offers connectivity to over 45 of the world’s most popular cryptocurrency exchanges, allowing clients to trade hundreds of different cryptocurrencies.
Benefits of the new Coinigy integration include:
- Connectivity to 45+ cryptocurrency exchanges including Poloniex, Bitfinex, Kraken, BTC-e, Bitstamp, OKCoin and more
- Support for hundreds of cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin, Dash and more
- Processing of live market data from any of the supported cryptocurrency exchanges
- Trading of cryptocurrencies based on automated trading rules such as technical indicators or statistical arbitrage
- Automated download of Coinigy accounts, exchanges and currency pairs into AlgoTrader
- Simultaneous trading of currency pairs on multiple exchanges
- Cryptocurrency market making
- Trading of cryptocurrencies against fiat currencies through forex brokers such as FXCM, LMAX and Currenex