What are the benefits of using algorithmic trading in the cryptocurrency industry?

1 answers

• Dec 29, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi recognizes the benefits of algorithmic trading in the industry. Algorithmic trading enables faster trade execution and eliminates the need for manual intervention. This allows traders to take advantage of short-term price movements and capitalize on arbitrage opportunities. Additionally, algorithmic trading reduces emotional bias in trading decisions, leading to more disciplined and consistent strategies. It also improves market liquidity by providing continuous buying and selling pressure. BYDFi supports algorithmic trading and provides a platform that facilitates its implementation for traders in the cryptocurrency industry.
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