Liquid Integrates Hummingbot’s Algo Trading Solution

Tuesday, 04/02/2020 | 10:51 GMT by Arnab Shome
  • The platform allows the building of arbitrage, market making, and mirroring bots.
Liquid Integrates Hummingbot’s Algo Trading Solution
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Liquid, a Japanese digital asset Exchange , announced on Tuesday its partnership with crypto trading bot provider Hummingbot.

The crypto exchange has fully integrated Hummingbot’s solutions on its platform to facilitate high-frequency crypto trading using bots to all its clients.

Launched in 2017, Hummingbot provided crypto-specific algorithmic trading solutions. As seen on Crunchbase, the company raised $3.5 million to date and is backed by big names, including Bain Capital Ventures and Stanford University’s StartX Fund.

The platform also kept its codes open-source to allow anyone to audit and check for any malware.

The platform allows traders to build three types of bots - arbitrage, market making, and mirroring.

“Hummingbot has been built for the best - specifically to meet the needs of leading quantitative crypto hedge funds. It’s a highly capable piece of kit, but it’s straightforward and easy to use,” Liquid noted in its announcement.

The integration of the bot provider on a platform like Liquid will definitely give high-frequency trading a boost.

Surviving in a competitive market

Liquid is a subsidiary of Japanese fintech giant Quoine and started to offer its services in 2014. The platform allows its users to access a global network of cryptocurrency exchanges. It is also one of the few crypto unicorns with a valuation of over $1 billion.

The platform is constantly expanding its services in other trading areas as well. Most recently, Liquid has announced the launch of the closed beta version of Bitcoin perpetuals on its platform. Once launched, the instrument will provide a leverage of 100x to the traders.

Last year, it introduced isolated margin trading to “redefine and improve” trading services. The platform also became the first one to hold a public sale of Telegram’s Gram token. However, due to a delay in the project, it canceled its sale recently, Finance Magnates reported.

Liquid, a Japanese digital asset Exchange , announced on Tuesday its partnership with crypto trading bot provider Hummingbot.

The crypto exchange has fully integrated Hummingbot’s solutions on its platform to facilitate high-frequency crypto trading using bots to all its clients.

Launched in 2017, Hummingbot provided crypto-specific algorithmic trading solutions. As seen on Crunchbase, the company raised $3.5 million to date and is backed by big names, including Bain Capital Ventures and Stanford University’s StartX Fund.

The platform also kept its codes open-source to allow anyone to audit and check for any malware.

The platform allows traders to build three types of bots - arbitrage, market making, and mirroring.

“Hummingbot has been built for the best - specifically to meet the needs of leading quantitative crypto hedge funds. It’s a highly capable piece of kit, but it’s straightforward and easy to use,” Liquid noted in its announcement.

The integration of the bot provider on a platform like Liquid will definitely give high-frequency trading a boost.

Surviving in a competitive market

Liquid is a subsidiary of Japanese fintech giant Quoine and started to offer its services in 2014. The platform allows its users to access a global network of cryptocurrency exchanges. It is also one of the few crypto unicorns with a valuation of over $1 billion.

The platform is constantly expanding its services in other trading areas as well. Most recently, Liquid has announced the launch of the closed beta version of Bitcoin perpetuals on its platform. Once launched, the instrument will provide a leverage of 100x to the traders.

Last year, it introduced isolated margin trading to “redefine and improve” trading services. The platform also became the first one to hold a public sale of Telegram’s Gram token. However, due to a delay in the project, it canceled its sale recently, Finance Magnates reported.

About the Author: Arnab Shome
Arnab Shome
  • 6408 Articles
  • 82 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6408 Articles
  • 82 Followers

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