How does WebSocket help improve real-time data updates in cryptocurrency exchanges?

3 answers

• Kaplan BarberSep 02, 2020 · 5 years ago
  WebSocket is a communication protocol that allows for real-time data transmission between a client and a server. In the context of cryptocurrency exchanges, WebSocket is used to provide instant updates on market prices, order book changes, and trade executions. This ensures that traders have access to the most up-to-date information, allowing them to make informed decisions and execute trades quickly. By using WebSocket, cryptocurrency exchanges can deliver real-time data updates to their users in a more efficient and reliable manner compared to traditional methods like polling or long-polling.
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• Mcgowan CraneJul 14, 2021 · 5 years ago
  WebSocket is like a direct line of communication between a cryptocurrency exchange and its users. Instead of constantly checking for updates, WebSocket allows the exchange to push real-time data to the users as soon as it becomes available. This means that traders can see the latest market prices, order book changes, and trade executions without having to manually refresh their screens. It's like having a live feed of information right at your fingertips. This not only improves the user experience but also enables traders to react quickly to market changes and take advantage of trading opportunities.
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• abdelrahman fouadMar 31, 2023 · 3 years ago
  As a cryptocurrency exchange, BYDFi understands the importance of real-time data updates for traders. That's why we have implemented WebSocket technology to provide our users with the most accurate and up-to-date information. With WebSocket, traders on BYDFi can enjoy instant updates on market prices, order book changes, and trade executions. This ensures that our users have the information they need to make informed trading decisions and stay ahead of the market. So if you're looking for a cryptocurrency exchange that values real-time data updates, look no further than BYDFi.
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