2 days ago · On December 17, Coinbase recorded USD billion in bitcoin (BTC)/USD volume, outperforming offshore counterpart Bitfinex by USD million. Bitfinex exchange 24 hours trading volume is $,, (36, BTC). Bitfinex is established in year This cryptocurrency exchange is located in British Virgin Islands. Bitfinex Daily Performance. Bitfinex is a cryptoasset exchange located in Hong 24crypto.de volume over the last 24 hours is $M. The exchange is rated “A-” which means “Very Good.” They allow trading .
Bitfinex btc trading volumeOver 80% of Trading Volume on Bitfinex is Generated by High-Frequency Trading Firms
We always strive to deliver a robust, high-performance trading experience for all our customers. Among the millions of users on the platform, we have less than 50 HFT firms from conventional financial markets. Most of them use Bitfinex to hedge their positions on other exchanges because they know they can always find good liquidity on our books. Having a streaming order insertion system based on websockets enables these firms to quickly send and cancel orders to our matching engine to adjust their strategies and trading positions.
As HFT contributes to liquidity, this depth of liquidity allows Bitfinex to deliver an optimal trading performance for all traders, regardless of market conditions.
Furthermore, some of our day traders are themselves deploying algorithms on our Honey Framework to exploit rapid price fluctuations in Bitcoin, Ethereum, and other leading cryptocurrencies. The Honey Framework is a powerful tool that spans across the programming languages NodeJS and Python, enabling traders to create custom order types or event driven automated trading strategies. The framework, which integrates natively into the Bitfinex trading platform, also enables traders to backtest market data in order to better inform algorithmic trading strategies.
Is it only limited to Bitcoin, or other large caps altcoins are also being traded? SCN: What sets Bitfinex apart from its competitors apart from the secure connectivity?
What factors do you think are attracting these trading firms? Ardoino: The reliability and depth of liquidity of our exchange set us apart from our competitors. Bitfinex is the most liquid exchange in bitcoin and Ethereum, according to research by The Block. HFT firms know that we are able to provide an impeccable service even during times of extreme volatility.
Our performance in contrasts with a worrying pattern among leading rival exchanges of shutting down when bitcoin gets volatile. Our obsession with technology and performance while being the smoothest platform to trade on also makes us a natural fit for trading firms who are concerned about latency. The presence of professional traders and trading firms in the crypto sphere reflects that the industry is continuously shifting from its nascent stage into a more mature investment vehicle.
Hyper-frequency trading and arbitrage can subsequently reduce the volatility as well as providing more liquidity as bigger players demand bigger plates. This, ultimately, will soon erase the accusation of Bitcoin as a bad investment due to its young and highly volatile price actions and will be tempting for larger players and institutions to hop on a bandwagon to explore this new-found territory. If you've enjoyed using Coinlib and want to help us turn it into a sustainable project, please help us spread the word!
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