Cryptocurrency arbitrage is a powerful tool for cryptocurrency traders. This method of trading involves the finding and taking advantage of price differences between exchanges to make a profit. It can be time consuming, but this article covers 4 best Cryptocurrency Arbitrage Bot that will allow you to automate the process.
Cryptocurrency arbitrage is the process of taking advantage from price differences between two or more cryptocurrency exchanges. You should buy an asset at one exchange and sell it immediately to another for a higher value to make profits.
Arbitrage is a risk-free trading strategy that allows traders to make profit without any open currency exposure. The system makes sure it detects price discrepancies and takes advantage of minimal time needed for profits, The trading strategy makes sure that all limits set by the trader are checked before execution begins.
4 BEST CRYPTOCURRENCY ARBITRAGE BOT PLATFORMS
Hummingbot is an open source software that helps you build market making and arbitrage bots for any crypto exchange.
Since inception, Hummingbot Miner has enabled 3,200+ individual market makers to fill $2.4 billion in trading volume for 72+ token issuers and exchanges, With sophisticated strategies like Avellaneda, Hummingbot is the only trading bot designed for professional market makers and liquidity providers.
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2. CRYPTX TERMINAL
CryptX Terminal is a trading platform for those who want to operate and manage multiple exchanges and wallets as well as develop better strategies with backtesting capabilities. In addition, the software offers smart bots that can automate trades on your behalf.
CryptX Terminal allows users to get the best prices across several exchanges, seamlessly and securely, The terminal supports API links to over 15 different crypto exchanges and stores both current and historical data from thousands of coins and tokens.
MultiTrader is a trading platform that uses trading arbitrage bots to make the work automatic and easy for profits, this platform is the ultimate tool for any trader who needs access to a variety of currencies and trading opportunities. It constantly monitors 90 currency pairs on 21 exchanges, detects arbitrage trade opportunities and allows you to trade on them.
As soon as the platform detects an opportunity for arbitrage, you’ll be able to see it live, users can quickly find arbitrage opportunities, sort them by most recent and dig into details.
Gimmer is one of the best cryptocurrency arbitrage bot that searches for price differences across exchanges to make money. GMR is the official token for this platform and it’s available on exchanges where you can trade your cryptocurrencies with GMR. It is an automated crypto trading bots that are quick and easy to set up with your own trading strategies, integrated into major exchanges: Bitfinex, Poloniex, Bittrex, OkCoin and many others.