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NEW YORK, NY, December 22, 2020 /24-7PressRelease/ -- PixelPlex, a proven blockchain development company, has announced the successful development of their crypto arbitrage platform. The new software contains a cryptocurrency trading bot that performs the most essential functions such as finding profitable deals and making transactions.
The PixelPlex engineering team spoke about how the bot operates. Cryptocurrency arbitrage bot buys and sells an equal amount of cryptocurrency on two different exchanges. At the same time, their equivalent fiat value is often higher, and as a result, the trader makes a profit from the rate difference.
The PixelPlex specialists also stated that traders don't have to constantly monitor prices and manually perform transactions. The Arbitrage software allows them to have a rest and check account balance once in a while.
The graph-based optimal search algorithm implemented in this solution collects data from multiple exchanges, including Binance, Kraken, Bitfinex, and others, and selects the best trade deals. Thus, the software makes instant decisions before any changes occur in the market.
In general, the platform has everything that every trader needs for successful crypto arbitrage. Traders can set thresholds for trades and profits, redeem their expenses with an additional ordering mechanism, trade directly or through a minor pair, and access numerous investment strategies.
What's more? Arbitrage is able to process thousands of financial transactions in less than a second. The solution allows users to simultaneously transact in multiple markets and supports trading on leading exchanges such as Binance, Bittrex, Kraken, and others. The Arbitrage platform also analyzes market data which later helps exploit vulnerabilities and generate profits.
PixelPlex designers and developers mentioned another important element of the solution – an intuitive user interface. They tried to make the platform as user-friendly as possible. There is a built-in set of options that enable users to customize the application, all data is displayed in the form of charts and graphs, and opening and closing deals are placed just a few clicks from each other.
Thus, PixelPlex has achieved its goal: they have created a powerful tool for crypto arbitrage where traders can enjoy a seamless user experience.
PixelPlex is a software development company that has chosen blockchain technology as its main line of work. Over the years, the firm has completed more than 50 blockchain projects, successfully launched 5 STO projects, and raised over $500M via its blockchain solutions. Apart from that, the company's developers deliver solutions based on IoT, AI, VR, and AR.
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