OKX launches Signal Trading for automated crypto strategies
OKX, a preeminent Web3 technology company and crypto exchange, unveils Signal Trading, a bot and marketplace that offers automated crypto trading strategies based on technical signals.
OKX has announced the launch of its Signal Trading service, an innovative solution designed to seamlessly connect signal providers with traders.
This service leverages the capabilities of TradingView’s charting platform to enable the creation and execution of trading signals, which suggest optimal moments for buying or selling cryptocurrencies.
Lennix Lai, OKX’s Global Chief Commercial Officer, highlighted the platform’s commitment to revolutionizing the trading landscape with a growing suite of automated tools. “With the launch of Signal Trading, OKX further establishes itself as the go-to exchange for innovative, automated trading solutions. As we strive to revolutionize the way traders interact with the crypto market, OKX will further enhance its ecosystem of automated trading tools,” said Lai.
Lucrative opportunity for signal providers, Traders can bypass subscription fees
Signal Trading presents signal providers with a lucrative opportunity to reach OKX’s extensive user base, which exceeds 50 million traders. The integration with TradingView is set to amplify the providers’ ability to generate and disseminate signals. They can also enjoy reduced latency and cost benefits compared to third-party platforms.
Traders, on the other hand, can bypass subscription fees and avoid latency issues often encountered with external platforms. OKX’s ecosystem provides a diverse array of signal providers, including institutional and professional traders, ensuring trust and reliability in the crypto exchange’s offerings.
OKX’s Signal Trading complements its suite of automated trading resources, which includes Trading Bots for round-the-clock trade automation and Copy Trading, allowing users to mirror the trades of seasoned traders effortlessly. These tools underscore OKX’s dedication to enhancing user experience and engagement in the crypto trading domain.
Institutional clients can trade via CoinRoutes
OKX has recently expanded its partnership with CoinRoutes to include a full range of API-enabled trading services to institutional clients, the two leading crypto-specialized firms announced. With the introduction of a full range of API-enabled trading services, institutional users with an OKX account can now trade on OKX through the CoinRoutes interface.
Founded in 2017, CoinRoutes offers advanced trading algorithms, market data dashboards, and a proprietary transaction cost analysis feature that measures trading performance. Order types include automated spread trading and multi-product trading in a single order.
The institutional grade crypto trade Execution Management System (EMS) helps participants achieve best execution by trading on over 65 major CEXs, DEXs, and Liquidity Providers covering more than 3,000 assets (spot, perpetuals, futures) via a single API or its trading app.
In a single order, institutional players can trade across DeFi and CeFi, using CEXs, DEXs, and LPs through CoinRoutes’s system, which also allows them to choose counterparties instantly and diversify counterparty risk.
The platform also features advanced algorithms, including automated spread trading and multi-product trading in a single order, which are designed to achieve the lowest costs while minimizing market impact and filling orders faster to reduce slippage.
Moreover, CoinRoutes has a built-in transaction cost analysis (TCA) to evaluate trading performance across its five benchmarks, including the firm’s proprietary Cost Calculator.