Cryptohopper launches two brand new types of bots: the Market Maker and Market/Exchange Arbitrage Bot.
Amsterdam, Noord-Holland, The Netherlands – 11th of October, 2019.
Cryptohopper works against the clock to bring its users closer to complex trading methods in a very user-friendly way, like algorithmic and arbitrage trading. That makes it very easy for everyone to design automated trading strategies that run tirelessly 24/7.
The Cryptohopper arsenal of trading features hasn’t stopped growing during the last years, and today they are rolling out two of their biggest weapons: the Market Making and Market/Exchange Arbitrage bot. They are two brand new types of bots that widen the possibilities of their users’ Hopper to face the cryptocurrency market. Making them more prepared than ever before.
Market making consists of trading the difference between the bid (buy price) and the ask (sell price), also known as the spread. The market-making bot will continuously trade the spread of any market that is chosen. Select the market, and the market making bot will do the rest.
But that’s only the tip of the iceberg. Cryptohopper has improved the Arbitrage feature to the point where it has become an independent bot. The brand new Arbitrage bot will look for market inefficiencies in any exchange to trade them incredibly rapid and pocket small percentages.
Highly requested by users, the platform is proud to be the first trading platform that has developed an Inter-Exchange Arbitrage bot. Only with Cryptohopper, users will be able to take advantage of the big price differences between exchanges. A trading method that has proved to be incredibly effective in the crypto market.
Cryptocurrencies are highly volatile. One can be sure these inefficiencies will happen, and the Arbitrage bot feels like a fish in the water among them.
These bots are very famous tools amongst institutional and high-frequency traders. Whether users are a retail trader or an asset manager, now they can add to their trading strategy Cryptohopper’s powerful bots to beat the market.
The bots are released in Beta and are expected to be fully released on Wednesday the 16th of October. Want to join the Beta? Enable “Join Beta Program” in your user profile, or ask our Cryptohopper staff members.
Create a Cryptohopper account in one minute, connect an exchange or practice with simulated trading and enjoy a free seven-day trial.
For more information, visit https://www.cryptohopper.com
Cryptohopper offers an automated crypto trading bot; create strategies, or copy others. Cryptohopper is started in September 2017 is considered one of the leading automated trading platforms in the crypto-space.