CryptoCarbon (CURRENCY:CCRB) traded 6% higher against the US dollar during the 24 hour period ending at 12:00 PM E.T. on August 3rd. One CryptoCarbon coin can currently be bought for $0.0203 or 0.00000180 BTC on exchanges including Livecoin, BTC-Alpha and BiteBTC. CryptoCarbon has a total market capitalization of $502,447.34 and $704.00 worth of CryptoCarbon was traded on exchanges in the last day. In the last week, CryptoCarbon has traded up 8.8% against the US dollar.
Here is how related cryptocurrencies have performed in the last day:
Buying and Selling CryptoCarbon
CryptoCarbon can be bought or sold on these cryptocurrency exchanges: Livecoin, BiteBTC and BTC-Alpha. It is usually not possible to buy alternative cryptocurrencies such as CryptoCarbon directly using U.S. dollars. Investors seeking to acquire CryptoCarbon should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy CryptoCarbon using one of the aforementioned exchanges.
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Author: ABMN Staff
How Financial Information eXchange Can FIX the Crypto Market
Although crypto is undoubtedly innovative in nature, the majority of crypto exchanges are dragging behind, unable to fully realize the great possibilities of modern trading protocols. Many crypto exchanges are run digitally, yet are not all using the right protocols, causing systems and platforms to lag, offering slower fill times, higher latency, and more bottlenecks. However, some of the more advanced platforms such as eToroX, eToro’s professional crypto exchange, have focused their attention on using the correct protocols for API trading, which is where the difference lies.
An application programming interface (API) is an interface with the task of defining how it communicates with various software programs. Think of an API as a connector between software; its job to coordinate the interactions between various computing interfaces. In terms of trading platforms, APIs work to make smooth, streamlined, and fast connections between traders and brokers and liquidity providers, improving processes, and making the system more efficient. On exchanges, APIs can enhance the speed of trading, boosting the effectiveness of automated strategies and algo trading.
Having already proved itself a keystone in transforming the larger financial industry, the potential for APIs in the crypto industry is great. However, it is currently more barrier than booster, inhibiting institutional cryptocurrency trading, and even more devastating, potentially opening a door to possible security breaches and hacking.
The majority of cryptocurrency exchanges use two API protocols: REST and WebSocket, which both possess advantages and powerful features, yet haven’t gained widespread adoption in the broader world of finance. Because of this, crypto exchanges are likely to have a more complicated time communicating with Wall Street and other traditional exchanges around the world.
REST APIs are built to facilitate the communication of brokers and traders based on request-response sequences. This type of API, however, can cause backups on servers, especially when demand is great, making them less reliable for high-volume institutional-grade trading exchange platforms than other APIs.
WebSocket APIs work differently to REST APIs. They have an asynchronous structure, for smooth performance when volume is high. While they are popular and work well when streaming market info in real time, they can suffer from security holes, which may let in hackers and allow for other security breaches.
A Better API: Financial Information eXchange (FIX)
FIX (Financial Information eXchange) was designed for finance. Free, open source, and created for use in the stock market, FIX is today’s de facto API protocol. It is used across the financial industry from Wall Street to foreign exchange markets and investment banks, providing a link for the transfer of information.
The FIX trading community is large, with members – including industry leaders Goldman Sachs, Barclays, J.P. Morgan and CME, contributing to the growth of the protocol and pushing adoption.
It’s easy to promote FIX as the protocol of choice for all types of trading markets because of its ample benefits including access to liquidity, where traders can aggregate orders, accessing institutional-grade liquidity providers for smoother order fulfillment and less slippage; low latency, with robustness to handle 100,000 orders per second for faster processing times demanded by institutional-level trading; privacy and security brought about by years of research and the support of the FIX Cybersecurity Working Group; and smart order routing (SOR), a method to reduce liquidity fragmentation by seeking access to exchanges offering superior market conditions including the optimal execution path at the time of ordering.
It is remarkable that innovative crypto trading exchanges have remained immune to the charms of FIX API, with benefits galore suitable for institutional-grade trading platforms. Continuing to stand outside the elite group of industry leaders that rely on FIX, most cryptocurrency exchanges remain separate – and unable to offer customers the fast processing and ability to link quickly and smoothly to vital liquidity providers.
Standout crypto exchange eToroX has moved way beyond the pack, by implementing FIX API protocol to provide its customers with the services, speed, and robustness institutional-grade traders are accustomed to on traditional exchanges. With its advantages, FIX API allows eToroX to gives its users – high-volume institutional traders as well as algorithmic traders better liquidity, faster order execution and greater stability while letting traditional asset traders the opportunity to discover and benefit from trading in the cryptocurrency market.
Author: Lisa Levin
Bitpatt.com, a Safe, Fast and Reliable P2P Crypto Exchange, Launches Operations
While there are many crypto exchanges, fear of hacking and theft has slowly crept into crypto traders due to many such past incidents. It makes sense to always be in control of one’s fund and cryptocurrencies, and that’s why P2P or peer to peer services like Bitpatt are trusted by both new and experienced traders.
Located in Canada and owned by Finest Link Communications, Inc, Bitpatt provides a peer-to-peer cryptocurrency escrow service, an easy and secure platform where users can buy and sell cryptocurrency from all around the world. By providing an escrowed service, they resolve the trust issue by ensuring that exchange is effectively concluded, with all parties receiving due benefits.
Buying and selling cryptocurrency has never been easier!! With simplified platform, BITPATT provide trouble-free services backed by System and user account security, safe cold cryptocurrency storage, Financial viability, and profound legal compliance.
To enjoy the service, users are required to register and open an account with BITPATT. Digital assets are also expected to be deposited before the commencement of trading. Withdrawals by traders of their digital assets is as easy as stated. BITPATT users are allowed to create offers to buy or sell cryptocurrency with fiat currency of their choice. Offer’s creator can write their own terms which a requesting user must adhere to.
BITPATT offers the lowest fees within this space, with a trading fee of 0.5% of the total trading value, payed by the offer’s creator. A 20% trade commission is also offered for referrals which significantly reduces cost for traders. What a great offer this is.
As an exchange, BITPATT’s service includes an exceptional dispute resolution package. BITPATT support mediates and resolves disputes within 24hrs when either of the party involved in the trade clicks the dispute button.
BITPATT comes with an easy to use platform, providing superlative services to traders. Trading has never been easier. A user-friendly interface where buying and selling is a delightful experience.
Are you tired of high cost of trading? Do you need an exchange that is concerned with your growth while still providing great services, BITPATT is the exchange to be. Their very reliable site and easy to trade interface ensures you reap huge returns.
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