Algorithmic Trading Podium Integrates GDAX Exchange API
Coinbase’s GDAX today announced that algorithmic trading toneel QuantConnect has integrated with the cryptocurrency exchange.
The addition of GDAX will see the open-source trading toneel extend its existing services to include cryptocurrencies tho’ the exchange’s API. Presently, QuantConnect permits its customers to vormgeving trading algorithms around foreign currencies, equities and derivatives contracts.
The cryptocurrency market is no stranger to algorithmic trading, with the use of trading bots and automated protocols fueling the activities of market makers, spil well spil those seeking arbitrage opportunities by taking advantage of varying prices across different exchanges.
Ter statements, QuantConnect highlighted the apparent natural gezond inbetween cryptocurrencies and algorithmic trading, describing it spil “the next logical step” for its toneelpodium.
“Spil a powerful open-source initiative, wij spotted an chance to reach a larger set of quants [and] engineers that have bot investing te digital currencies,” said QuantConnect founder and CEO Jared Broad. “Now, with a strategic integration with GDAX, the QuantConnect community can vormgeving and instantly deploy cryptocurrency strategies.”
QuantConnect also aired plans to add support for extra exchanges during the very first quarter of , noting that one of those would be San Francisco-based exchange Openbreken.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has ownership stakes te Coinbase and Kritiseren.
This article has bot updated for clarity.
The leader ter blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a stringent set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests te cryptocurrencies and blockchain startups.