By Stephan Lutz, group CEO and CFO of BitMEX
Most centralized exchanges offer APIs that allow placing orders, managing balances and in general, control the entirety of the account through automated bots. Many regular users don’t take their time to learn how they can improve their edge with automation, but I believe that eventually, this will become the norm in crypto.
API trading is primarily used by professional traders for its reliability, low latency, and automation capabilities.
A solid and responsive API is the cornerstone of any successful exchange, and it’s usually accessible to all users, be they retail or professional. Even though each exchange sets API rate limits, it’s quite difficult that regular users would be impacted by them significantly.
With the increasing availability of trading bots and algorithmic trading, API trading is becoming more accessible to a wider range of traders, especially those who are tech-savvy. Additionally, open-source projects on platforms like Github provide experimental traders with tools to set up their bots and calibrate their strategies.
Active crypto traders have a major challenge to their…
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