We’re excited to announce our partnership with Hummingbot and the integration of Virtuse Exchange with the Hummingbot platform.
Bringing even more liquidity into the orderbooks of Virtuse is one of our top priorities.
Hummingbot solves liquidity challenges of exchanges by turning their communities into decentralized armies of market makers.
What is Hummingbot?
Hummingbot is an open-source software client that facilitates the construction and operation of high-frequency crypto trading bots, available for anyone to use on multiple cryptocurrency exchanges. It can turn a simple trader into a profitable market marker or an advanced algorithmic trader.
The company has raised $3.5 Million and supported by big companies such as Bain Capital Ventures and StartX Fund of Stanford University.
What can Hummingbot do?
With Hummingbot there are three different types of bot you can build, all of which present opportunities to profit.
- Arbitrage – A crypto trading bot that looks for chances to buy an asset for a low price on one exchange and sell for higher on another.
- Market Making – Operate a bot that provides liquidity to order books by maintaining buy and sell orders.
- Mirroring – A mix of arbitrage and market-making. The bot clones liquidity from one exchange to another.
The Virtuse Team