CCXT Support for The Ocean: Seamless API Access for Automated Trading
One of the best aspects of the blockchain ecosystem is its culture of continuous iteration and improvement. We can attribute its success not only to the programmers and cryptographers who create its core layers, but also to folks who maintain and contribute to open-source projects. Our admiration for the collaborative spirit of the space drove us to create our Algorithmic Trading 101 series. We wanted to provide the fundamental knowledge, code snippets, and support to make complex trading tools accessible to cryptocurrency enthusiasts.
As an extension to our automated trading initiative, we are very happy to announce that we are the first DEX to partner with CCXT, an open-source trading library that provides quick access to algorithmic trading functions and backtesting data for over 120 cryptocurrency exchanges. The Ocean is also one of 5 exchanges — along with Binance, Bitfinex, Bittrex, and Kraken — to receive the “CCXT Certified” badge, meaning our API meets the highest performance, usability, and reliability standards.
What is CCXT?
CCXT is a JavaScript / Python / PHP library for cryptocurrency trading with support for many exchanges on the Bitcoin and Ethereum blockchains. Its intended audience are coders, developers, technically-skilled traders, data scientists, and financial analysts.
Why use CCXT?
CCXT’s unified all-in-one API is extremely easy to integrate and covers more than 120 cryptocurrency exchanges (making arbitrage a breeze). They also provide an extremely detailed user manual, support for international markets, and an active developer team with more than 16,000 commits! Their dedication aligns with our values to expand accessibility to the tools used by professional traders.
Why trade on The Ocean?
As the first and currently only DEX supported by CCXT, we foresee an immense opportunity to bring the benefits of on-chain smart-contract settlement to algorithmic trading. Because users manage their own wallet, moving large amounts of volume is significantly more structurally secure. This is because we eliminate the reliance on middleman custodianship through the 0x Protocol. Users trade wallet-to-wallet — no risk, no withdrawals, and no deposits.
How can trading on The Ocean enhance your strategies?
By running an off-chain order book with on-chain settlement, we offer comparable performance and execution to most centralized exchanges while maintaining the integrity of your funds. Cryptocurrency is never stuck in limbo. You always have access to the tokens held in your own personal MetaMask or Ledger wallet. Professional traders need not wait days or weeks for transfers to rebalance their portfolio and continue trading. This means more control and freedom over your own strategies from a security, cost, and execution standpoint.
So how do I get started?
Because we never take custody of tokens, users must maintain their own wallets. However, we offer quick and easy support for MetaMask and Ledger, with additional wallets on the way. Furthermore, 0x and DEX trading flows work differently than archaic centralized exchanges. You can find documentation on the differences here (as written by our kind friends at CCXT) in conjunction with our getting started guide.
If you’re interested in integrating with The Ocean using CCXT, feel free to reach out to us now to test out live trades for select token pairs on MainNet. We’ll be running a quick beta period until our public launch day on July 31st, and we’d greatly appreciate your feedback.
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