Metapunk Community


Posted on

Categorization of Crypto Trading Bots

Successful traders have created time-tested strategies that are utilized by crypto trading bots. Bots may specialize in various kinds of strategies for trading, from arbitrage to technical analysis. Here is a rundown of the most popularized automated Crypto trading software.

Market-making Crypto Trading Bots

The main purpose of market-making crypto trading bots is to render order books with transaction history. So that the participants from other markets may correctly execute their orders. In the Crypto market, a market-making crypto bot creates a bid spread, which is the visible difference between the offering and buying price. Market makers must profit to create buy and sell orders frequently.

Arbitrage Bots

Arbitrage Bots is a Crypto trading bot strategies that edges from market inefficiencies by leveraging price differences between exchanges. For example, a Crypto trading bot compares crypto tokens and coins prices across various exchanges.

Crypto Trading Bots for Portfolio Automation

It runs transactions to rebalance your portfolio on a certain timetable. Rebalancing may be configured to occur at any time, whether every 30 minutes, every hour, or every day. Streamlined Portfolio Management saves you time and aids you in maintaining a controlled portfolio.

Technical Crypto Trading Bots

This kind of trade uses pre-determined Crypto trading bot indicators to capitalize on chances. At the same time, the tech analysis of current markets can take place either intraday or over extended time periods.

Bots that lend money

Coin-lending bots automate the process of lending cryptos at profitable interest rates with low risk. Lending bots use cutting-edge algorithms to scrutinize the digital crypto assets markets constantly to manage and renew loans.

Check out this guide to know >> How to create a Crypto Trading Bot?

Potential Aspects of a Cryptocurrency Trading Bot

If you want the optimum performance from your bot, ensure that the program performs a wide range of basic and complex functions. The following are essential aspects of any Bitcoin trading bot:

  • Market monitoring and record-keeping
  • Messages and alerts
  • Strategy implementation and dynamic change
  • Organizer
  • Backtesting
  • Security

Now you understand the categorization included in crypto trading bots and their potential aspects. Are you interested to start your own trading bot? Then Maticz offers you the superlative Crypto Arbitrage bot development solutions for you. Shakehand with their team experts and launch your own crypto trading bot like 3commas, CryptoHopper, Wundertrading, and more.,

Top comments (1)

matthewinfio profile image

AI is great.