Arbitrage has been prevalent in the markets for centuries, but now it’s trending again in crypto markets. Crypto Arbitrage is one of the most liked trading strategies by the crypto traders used in crypto trading.
Arbitrage is a risk-free trading operation, where buying and selling of assets take place simultaneously and profit is earned out of the discrepancies between the two prices.
What is Cryptohopper?
Cryptohopper is the front-runner in an automatic trading bot for trading the cryptocurrencies. It makes the trading process easier, just by setting up the configuration. This is a revolutionary cryptocurrency bot that makes trading easier for the regular traders and the newcomers, as well.
One can trade several cryptocurrencies, including Bitcoin, Ripple, Ethereum, Litecoin, or any other currency. This Most revolutionary cryptocurrency trading bot monitors the market 24/7 for the lowest prices and open positions accordingly as per the set strategy or signaller. It further places the buy and sells order when it identifies considerable profits.
Cryptohopper has been developed in the Netherlands. It runs on an affordable subscription model, which is viable for small as well as big traders.
On 16th October, Cryptohopper released two new trading bots. These bots are namely:
- An Exchange and Market (triangular) Arbitrage bot
- Market-making bot
An Exchange Arbitrage bot
To achieve the maximum bids, the arbitrage bot keeps on functioning 24/7 hours and scan the discrepancies of the asset prices. It scans either on various exchanges to spot price differences between coins that are above of your pre-configured minimum profit. Once it finds one, the bot trades it simultaneously in both exchanges to increase the amount of your base coin.
Cryptohopper operates between various exchanges without transferring the funds from one exchange to another.
Triangular Arbitrage (Intra-exchange/market Arbitrage)
This is a bot that performs the simultaneous process of sale and purchase of crypto assets in several markets, which in order maneuvers the temporary difference in the process in the same exchange. This process is called triangular arbitrage, and takes advantage of price differences within the same exchange by making use of 3 different coins.
Market making bot
This bot consistently trades between the buying price and sell price, also known as spread, of the crypto asset in any chosen market.
A market maker or liquidity provider is an individual entity or a company that quotes for purchase or sale price in financial assets to achieve profits.
Cryptohopper offers various trade strategies as market conditions change. Cryptohopper thus offers strategies for sideways market, bullish markets, and bearish markets.
Exchanges supported by Cryptohopper
Cryptohopper offers to trade on all leading trading exchanges including, Kraken, Binance.US, Huobi, Poloniex, KuCoin, Bittrex, Binance, Coinbase Pro, and Bitfinex.
Cryptohopper offers the greatest technological innovation in the e-trading sector. It offers an automated 24/7- and 365-days functional service on its advanced trade bot for trading the cryptocurrencies. Traders can select their trading strategies, which are implemented by the bot for trading operations.
The trading decisions are based on strategies and/or signals executed automatically by the bot. Then, ultimately avoiding human traits and involved errors in the process like panic selling, hastiness in the purchase.
Unlike humans, the automated bots of Cryptohopper track the market movements consistently round the clock and analysis for multiple positions.
One added innovation is social trading. Telegram trading is a new phenomenon that let experienced investors to share insights on coins with other traders known as signals. Cryptohopper allows users to subscribe directly to these signalers, and get automatically buy or sell orders when it comes in. Cryptohopper users can avail of the advice of these signalers and decide automatically for the trading when price indicates the maximum profits.
This is one of the tools where the users can trade without transferring funds from one exchange to another. The users can connect to the exchanges with the funds and the hopper will seek arbitrage opportunities.
Market arbitrate, with its renewed version, makes the trading faster than ever by utilizing the price difference between market’s prices to pocket the difference and profit from it really quickly.
Across the three main categories, the marketplace is one of the exciting things that Cryptohopper offers. The strategies are transacted here and are fed to the hopper. The three categories are Signals, Strategies, and Templates.
Cryptohopper is the pioneer who automated the trading process. Earlier, the users would have to purchase the coins from pay to play crypto groups who exclusively had access to the technical analysts. But now the subscriber gets the signals directly from the technical experts and analysts, who share their trading acumen with them. The hopper once spots the potential deal, it picks up the signal and carries out the transactions instantly on behalf of the user.
Strategies: These are the set of professionally crafted strategies that are finalized by the user to trade further. The hoppers use these strategies as the parameters to execute the trade on behalf of the users.
Templates: Templates include configuration settings, coin selection process, and other features for trading and are accompanied usually with the strategies. Templates are also offered free of cost in the trial version for the starters.
Custom selections of coins, configuration settings, and other specific features that your hopper needs to trade are also available — usually offered by sellers to complement strategies.
This feature enables the user to select more than 130 indicators and candle patterns, including EMA, RSI, Parabolic SAR, Hammer, CCI, Hanging Man, etc. Choosing the best strategy indicators helps to formulate the best strategy for trading.
This tool uses the previous data to compare and analyze the past performance to decide the future strategy.
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