Cryptohopper releases 2 new bots!

Cryptohopper has come a long way since its inception. It was the first bot I started using and it has grown into one of the leading trading bots for cryptocurrency.

Wednesday 16th of October Cryptohopper will release 2 new trading bots. A market-making bot and an exchange arbitrage bot.

Market Making Bot

A market maker or liquidity provider is a company or an individual that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread, or turn.

This is a bot that trades the difference between the bid (buy price) and the ask (sell price) continuously of any market you select. In other words, the market-making bot provides liquidity to the market and trades the spread to make a profit. Because different market condition requires different market maker strategies, Cryptohopper offers strategies for bullish markets, sideways market and bearish markets.

Exchange Arbitrage Bot

The simultaneous purchase and sale of equivalent assets or of the same asset in multiple markets in order to exploit a temporary discrepancy in prices.

The arbitrage bots will scan for the difference in price between crypto-assets on either different exchanges for the same basepairs or in the same exchange for differences between different basepairs also called triangular arbitrage. Cryptohopper can do exchange arbitrage between exchanges without sending funds from one exchange to the other.

Cryptohopper already supported intra-exchange arbitrage (aka triangular arbitrage) but with the addition of inter-exchange arbitrage has turned arbitrage trading into a new standalone product.

If you want to join the beta program contact Cryptohopper staff members.

The above references an opinion and is for information purposes only. It is not intended to be investment advice and may contain affiliate links. Seek a duly licensed professional for investment advice.