Canadian crypto exchange NDAX, today announced a new partnership with Hummingbot, the open-source software to build and run customizable trading strategies. By partnering with Hummingbot, NDAX clients can now easily set up, connect to, and automate trading on the NDAX platform.
Through its connectors with some of the world’s largest centralized and decentralized crypto exchanges, Hummingbot provides an easy-to-use command-line interface that lets users configure, customize and run automated bots and strategies. Other benefits of Hummingbot include customizable templates and built-in trading algorithms, including avellaneda market-making, plus arbitrage strategies.
Hummingbot + First NDAX Trading Competition
“With our Hummingbot integration, we will also be launching the first of many crypto trading competitions. Through Hummingbot and NDAX’s API, our clients will be able to become high volume, high-frequency traders, and participate in trading competitions to earn monetary rewards and benefit from lower trading fee structures. This two-week contest will reward top traders by overall volume across all trading pairs on NDAX with a total prize pool of CAD $10,000. By offering the best-in-class tools that easily sync with our platform and trading pairs, NDAX is one step closer to launching its own VIP program for market makers.”– The NDAX Team