Bringing liquidity into the orderbooks of Eterbase is one of the top priorities for Eterbase in the current circumstances as we already prepared the exchange and reporting systems in order to comply with the new AMLD5 regulations. Recently we’ve made a small reorganization of our Markets and the current module splits the trading pairs into: ALL, EUR, CRYPTO, “0”.
After the market reorganization, many of you have noticed the increased liquidity on EUR pairs, and that is just the first step.
INTRODUCING HUMMINGBOT:
Hummingbot is an open-source software client that allows users to create and customize automated, algorithmic trading bots for making markets on both centralized and decentralized digital asset exchanges.
Anyone can be a high-frequency trader and earn profits from market making, a trading strategy that was previously accessible only to algorithmic hedge funds, and together with the Negative Fees, Eterbase offers to its Premium Users the integration should incentivize even more users to use it in order to gain profits as well as bringing additional liquidity into the orderbooks.
Hummingbot solves liquidity challenges of exchanges by turning their communities into decentralized armies of market makers.
By lowering technical barriers and introducing new incentive mechanisms, Hummingbot enables anyone to act as a market maker for digital assets, as it brings a new model for liquidity provision that is called decentralized market making.
Since Hummingbot needs to access sensitive digital asset private keys and exchange API keys to operate automatically, it is designed as a user-operated local or hosted client, similar to a cryptocurrency mining node. By encapsulating market making algorithms and a trade execution engine in an open-source application available to non-technical users, Hummingbot enables a much wider range of individuals and companies to potentially earn income from running market maker nodes that provide liquidity to crypto-asset pairs that trade on various exchanges.
Eterbase is joining top cryptocurrency exchanges (Binance, Coinbase, Huobi, Bittrex, DDEX, IDEX) that are currently connected to Hummingbot in order to provide additional utility to the users of the exchange where both sides will be able to gain benefits.
Eterbase connector for Hummingbot will be released on our Github repository within 48 hours with additional information required to ease your onboarding and use of Hummingbot.
All docs needed can be found also here: https://docs.hummingbot.io/
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