Netagio is furthering its focus on trading after introducing its Application Programming Interface (API).
Netagio had started as a high-security bitcoin storage service, leveraging the gold storage capabilities of GoldMoney Group. It then expanded its offering, allowing users to buy bitcoin and eventually facilitating the trading of bitcoin, gold and fiat.
The API will target sophisticated traders and investors, who will be able to integrate it with their order management systems. CEO Simon Hamblin says his company has been in touch with several institutional and professional investors, adding:
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“In this world of highly automated trading and in line with trends across other electronically tradable asset classes, it became immediately clear that by offering ease of integration via an API, this group of investors would be able to create their own trading strategies and benefit from fully programmable automated access to the Netagio exchange, using standards they recognize and that are compatible with their front end systems.”
He also said that in addition to the API, the company’s maker-taker fee model will help attract liquidity.
Although trading volume on Netagio remains a far cry from that of major bitcoin exchanges, it does offer niche traders a venue to capitalize upon opportunities presented in gold-bitcoin-fiat price relationships. The API will come in useful for active traders looking to act quickly.