We are excited to announce that we have partnered with Silicon Valley-based Hummingbot to create an integration that will enable our customers to deploy Hummingbot’s quantitative and algorithmic strategies to engage in automated trading. This exchange integration also paves the way for future Hummingbot-powered liquidity rewards programs on Bitcoin.com Exchange.
“We are thrilled to partner with Bitcoin.com to give algorithmic trading superpowers to anyone who trades on their exchange, unlocking a new class of trading experience for account holders. Meanwhile, for token issuers listed on the exchange, Hummingbot-powered trading reward programs finally provide an alternative to expensive market makers, by empowering their communities to provide measurable, beneficial liquidity by running Hummingbot,” said Michael Feng, Co-Founder and CEO of Hummingbot.
Hummingbot is the market leader in open source, quantitative, algorithmic trading bots for the cryptocurrency market. It is a software client that allows users to create and customize algorithmic trading bots on both centralized and decentralized digital asset exchanges and comes with arbitrage, market making, and liquidity mirroring strategies built-in. Hummingbot enables anyone to act as a market maker for digital assets, which serves as the building block for a new model for liquidity provisioning called decentralized market-making, in which communities and individual users provide liquidity for crypto assets.
The Hummingbot team combines finance experience from Wall Street execs (Goldman Sachs, JPMorgan), tech startup founders, data science/machine learning engineering (Apple), and blockchain engineering (ConsenSys Academy global hackathon winner). Investors in Hummingbot include Bain Capital Ventures, Stanford University’s StartX Fund as well as U.S. regulated broker-dealer Sharespost, Inc.
Market Maker Rewards
Upon completion of the Exchange.Bitcoin.com exchange connector, Hummingbot and the exchange will be launching a market maker rewards program to reward users of Hummingbot for providing liquidity on the exchange.
This new program follows on the success of the Harmony ONE Makers program, which was a big step in demonstrating that community-based, decentralized market making can work.
We are looking forward to being able to offer similar programs in the near future for token issuers who have listed on Bitcoin.com’s exchange as an alternative way to promote liquidity and trading efficiency in their tokens.
Gitcoin Bounty for Exchange Connector: Promoting the Open Source Community
As part of our partnership, together with Hummingbot we have announced a Gitcoin bounty to source a developer from the community to work closely with the Hummingbot and Bitcoin.com Exchange teams in order to develop an exchange connector. Details of the Gitcoin bounty can be found here: Bounty for Hummingbot / Bitcoin.com Exchange.
This bounty is part of an initiative to promote and encourage developers from the community to contribute to Hummingbot’s open source code base. The developer chosen for this award will have the opportunity to gain experience in developing a quantitative, algorithmic, high-frequency trading bot.
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