Wintermute Integrates with CoinRoutes to Offer Improved Trading Prices for Crypto Investors
According to reports, Wintermute, a crypto trading company and liquidity provider, stated that it has integrated with CoinRoutes, a startup aimed at helping crypto hedge funds and
According to reports, Wintermute, a crypto trading company and liquidity provider, stated that it has integrated with CoinRoutes, a startup aimed at helping crypto hedge funds and other investors obtain the best trading prices.
Encrypted trading company Wintermute connects to CoinRoutes intelligent order routing system
Crypto trading company, Wintermute, has announced its integration with startup CoinRoutes. This move aims to assist crypto hedge funds and other investors in obtaining the best trading prices. According to reports, the integration will create an automated liquidity management system that enables Wintermute to manage the spread on its platform automatically. This development will translate to an improved trading experience for users, including increased efficiency, better liquidity, and lower trading costs.
The Benefits of Wintermute-CoinRoutes Integration
Wintermute has made several fundamental improvements to its trading platform since inception. The synergy with CoinRoutes is another significant step towards consolidating its position as a leading liquidity provider. Here are a few benefits that the integration will offer to crypto investors:
1. Liquidity Provision
One common problem that investors encounter is lack of liquidity when trading crypto. Wintermute’s integration with CoinRoutes will provide liquidity by its automation system of the platform. It does so by exploiting many exchanges’ order books simultaneously, even as it universalizes the trades on its platform. This approach ultimately improves the depth of the market, enabling users to buy or sell assets without experiencing significant slippage.
2. Automated Trading
Another advantage of Wintermute-CoinRoutes integration is automation. The technology behind the integration enables algorithms to read the price and depth of the market for all the exchanges, delivering reference pricing engine supported by Coinroutes. With this, market data from various exchanges is in one place, and instant trades can be executed at optimal prices.
3. Cost Reduction
Wintermute-CoinRoutes integration is proving to be an effective way to reduce trading costs related to slippage. The demo test on the platform reports shows that the integration achieves a significant price improvement of between 1 to 5 percent compared to the traditional approach.
4. Improved Efficiency
Wintermute-CoinRoutes integration will offer an improvement in the efficiency of the trading platform. To accomplish this, the platform’s architecture employs a combination of bots and AI trading algorithms, which enables seamless execution of trades. Thus eliminating the need for a dedicated human trader, removing human error risk and shortening execution time.
Conclusion
Wintermute’s integration with CoinRoutes will lead to an improvement in the trading experience of investors. By leveraging CoinRoutes’ technology to create an automated liquidity management system, Wintermute secures its position as a leader in the sector. The improved liquidity, reduced trading fees, and increased efficiency will make crypto trading more accessible and less stressful.
FAQs
1. What is Wintermute?
Wintermute is a crypto trading company and liquidity provider.
2. What is CoinRoutes?
CoinRoutes is a startup aimed at helping crypto hedge funds and other investors obtain the best trading prices.
3. How will investors benefit from Wintermute-CoinRoutes integration?
Investors will enjoy an improvement in liquidity, automated trading, reduced trading costs, and increased efficiency after the integration.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/17490/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Cautionary Reminder of Investing in Conversational Artificial Intelligence
On February 15, Vint Cerf, the vice president of Google and known as the \”father of the Internet\”, said at a conference in California, the United States, that …
-
Optimistic outlook for Synthetix Perps and Rocket Pool
7:00-12:00 Keyword: Optimism, Synthetix Perps, Rocket Pool
Summary of important developments at noon on March 6
Interpretation of the news:
</b… -
Why Isn’t Anyone Speculating on Ethereum Classic (Why I’m Optimistic about Ethereum)
Why Isn\’t Anyone Speculating on Ethereum Classic? Editor\’s Note: This article is
-
The Group of Seven will discuss generative artificial intelligence and develop governance plans during the summit
According to reports, a draft communique on Wednesday showed that the Digital Ministers of the Group of Seven (G7) will call for accelerated research on generative artificial intel
-
What is imToken Wallet and what type of wallet does imToken belong to?
imToken Wallet is an article written by Li Hua from the imToken Wallet(ID: bitc
-
FTX Owes $1.6 Billion in Bitcoin to Customers
It is reported that the new court documents show that FTX owes its customers 1.6 billion dollars in Bitcoin, but only 1 million dollars at present. Only 0.06% …
-
Voyager Token VGX Skyrockets by 36.59% in 24 hours
It is reported that according to market data, the Voyager Token VGX broke through US $0.65 and is now quoted at US $0.657, up 36.59% in 24 hours.
VGX e…
-
A Look into the Decline of Active Addresses in USDC
According to reports, data shows that the number of active addresses in USDC has just reached 1840.696 in the past hour (7d MA), a 5-month low.
The number of active USDC addresses -
What is Bitcoin Mining Computing Power (Bitcoin Mining Computing Power Calculation)
What is Bitcoin Mining Computing Power? In the traditional financial sector, mi
-
THORChain Takes Decisive Action to Address Vulnerabilities
According to reports, THORChain, a decentralized cross chain transaction protocol, has officially stated that developers and security teams have determined that the report of poten
-
The Future of Banking: Belarus’ Central Bank’s Digital Currency Pilot Plan
According to reports, the National Bank of the Republic of Belarus has prepared a pilot plan for the Central Bank\’s Digital Currency (CBDC). The President of the National Bank, Pav
-
Security advisory for users of Web3 network
According to reports, the Web3 network security company Ancilia reminded that if the user has approved any token to trade on 0x6d8981847eb3cc2234179d0f0e72f6b6…
-
Exploring the Sale of FTX Europe: What It Means for the Crypto Industry
According to reports, a Swiss court has approved a request from the bankrupt cryptocurrency exchange FTX to explore the sale of its European branch. According to the announcement,
-
When was Ethereum issued (in which year was Ethereum issued)
when was Ethereum released when was Ethereum released? When was Ethereum released? Why Ethereum token distribution? Why not raise funds through issuance first. Since issuance is a new mechanism in the Ethereum blockchain, the issuance of Ethereum is an important milestone: on June 16, 2020, Ethereum officially started the main network development phase (Phase0) and then entered the production phase (Phase1). Now, due to network congestion, Ethereum cannot operate normally, which makes the price of Ethereum token fluctuate significantly, so it is necessary to have a more accurate estimation and prediction of the price of Ethereum token When was Ethereum released? Ethereum is an important indicator of how to achieve its goals, and it is also a very important infrastructure. In order to let more people understand its operation logic and the problems it faces, this article will discuss what Ethereum looks like. （1） What is the basic agreement of Ethereum? According to VitalikButerin’s previous article “V God on ETH1…
-
The Explosive Growth of NFT Sales on the Ethereum Chain
On April 1st, according to the latest data from Cryptoslam, the sales of NFT on the Ethereum chain in March reached about 541971085.63 dollars, with 2171751 transactions on the cha
-
#Lido’s Ethereum Withdrawal Speed: What You Need to Know
According to reports, the liquidity pledge agreement Lido has announced its predicted Ethereum withdrawal speed, stating that if there is sufficient ETH in the buffer zone of the L