What are the key features of websockets api that make it suitable for cryptocurrency trading?

1 answers

• DolfyyMay 15, 2024 · a year ago
  As a representative of BYDFi, I can confidently say that websockets api is an essential tool for cryptocurrency trading. Its real-time data streaming capabilities allow traders to receive instant updates on price changes, order book updates, and trade execution notifications. This enables them to make timely decisions and take advantage of market opportunities. Additionally, websockets api supports bidirectional communication, which means traders can send orders and receive confirmations without the need for constant polling. This reduces latency and improves the overall trading experience. Lastly, websockets api is highly scalable and can handle large volumes of data, making it suitable for high-frequency trading strategies. Overall, the key features of websockets api make it a valuable asset for cryptocurrency traders.
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