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
-
Arbitrum Network’s Total Lockup Volume Exceeds 2.18 Billion Dollars as GMX Share Decreases
According to reports, according to DefiLlama data, the total lockup volume of the Arbitrum network reached 2.18 billion US dollars, an increase of about 16.6% compared to last mont
-
Powell: The issue of changing the balance sheet reduction plan has not been discussed yet
According to reports, Federal Reserve Chairman Powell made a statement saying that the Federal Reserve has not discussed changing its balance sheet reduction plan.
Powell: The issu -
What do I need for the coin sub hall
What does the coin sub hall require Many people in the blockchain industry believe that decentralized exchanges are open finance built on the internet. But in fact, this is not a complete concept, but a distributed application (DApp) developed based on Ethereum network. Therefore, many blockchain projects choose to open sub halls to provide services So why is it necessary to open a sub hall 1. To register an account and use the wallet 2. If you want to participate, it is recommended to download the Bitcoin wallet app or browser plugin first. 3. After opening the website, be sure to connect to your account and click to confirm payment of transaction fees. 4. If you want to operate from your own computer without installing software, you can directly enter the official website or add a password and backup it to your phone to complete the operation. If you want to create your own account, do not set any key,…
-
#Article Title: Understanding the Connection between Blockchain and the Financial Market
According to news, A-shares closed with the Shanghai Composite Index at 3265.65 points, down 0.64%, the Shenzhen Composite Index at 11634.22 points, up 0.25%, and the Shenzhen Bloc
-
MakerDAO expands exposure through MakerVaults
It is reported that MakerDAO tweeted that MakerVaults is expanding the available exposure of users to ETH liquid collateral derivatives, and is currently makin…
-
Filipino Fintech May Secure $150 Million in Funding
It is reported that Maya, a Philippine financial technology company, is considering raising about US $150 million to promote its growth, according to people fa…
-
What are the benefits of ETC currency (ETC currency dag)
What are the benefits of etc coin? In the blockchain industry, due to various reasons, users need to rely on different clients for operation and verification when using devices from different networks. Therefore, many project parties choose to use third-party software wallets or exchanges to avoid hacker attacks or other issues, which makes them unwilling to directly use their own systems that serve a specific service. Therefore, they often integrate related technologies such as DAPP and decentralized applications into their business logic So why do we say that waiting coins have such advantages? In fact, there are many factors that drive people’s use and development of ETHC coins, as well as how the technical framework behind it develops, including whether it can support smart contracts; Is there a scalability solution available; How to ensure safety; If there is no infrastructure that can implement Ethereum 2.0 protocol development etc coin dagAccording to the official news, on August 25, based on Ethereum’s…
-
Total Lockup on Ethereum Layer2 Decreases by 9.64%, Arbitrum One Leading the Pack
According to reports, L2BEAT data shows that as of now, the total lockup on Ethereum Layer2 is $9.521 billion, a decrease of 9.64% in the past 7 days. Among them, the highest lockd
-
Beefy and Ouyi Web3 Wallet Join Forces
According to OKX Web3 Twitter, Ouyi Web3 Wallet has entered into an official partnership with Beefy, the DeFi revenue optimizer project that supports multi-cha…
-
CertiK: Actively investigating the Merlin attack or addressing private key management issues
According to reports, CertiK announced on Twitter that it is actively investigating the Merlin attack, and preliminary investigation results indicate that it is a potential private
-
SushiSwap Launches RouteProcessor2 Vulnerability Compensation Portal
On April 26th, it was reported that SushiSwap has launched the RouteProcessor2 vulnerability compensation portal. Users who can receive compensation through this portal are those w
-
**Understanding the Recent Outflow of BTCs from Exchange Wallets: An Analysis**
According to reports, data shows that 353.93 BTCs have flowed out of exchange wallets in the past 24 hours, 438.03 BTCs have flowed out of exchange wallets in the past 7 days, and
-
ReFi Supermodule: A Sustainable Approach to Decentralized Finance
It is reported that Kevin Owocki, co-founder of Gitcoin, launched the ReFi incubator Supermodule. Supermodule aims to become a risk studio for renewable Web3 p…
-
Mokshya Protocol Receives $100,000 Credit Limit from Google Cloud’s Web3 Accelerator Program
On April 3rd, the open source protocol Mokshya Protocol on Aptos received a credit limit of US $100000 for the Web3 accelerator program that Google Cloud partnered with Aptos. Moks
-
A-Share experiences a mixed trading day with blockchain and digital currency sectors decline
According to the news, the A-share closed with the Shanghai Composite Index at 3322.03, down 0.19%, the Shenzhen Composite Index at 11842.88, down 0.08%, and t…
-
Why isn’t there much news about MASS coins
Why is there no news about MASS coins? Why is there no news about MASS coins? What is MASS coin? 1、 Musk shouted, the price soared According to the news, at about 1:30 a.m. on May 13, the official Twitter of the Cryptocurrency exchange MASS released a tweet saying: “We have changed the position ratio to 1:1 (i.e. 20%), which means that people who have not bought MASS will sell. This address was stolen more than 50 million pieces in four hours. I don’t know whether they know this situation.” Two hours later, Community members initiated another vote: to allocate 5% of tokens to users holding over 100MASS; After 3 minutes, community members said, ‘If you want to smash the game, you need to pull first.’. Today, six months later, market sentiment has also begun to rebound, and some believe that this is one of the reasons for Musk’s call for orders. But since yesterday, the media has been issuing…