Wall Street Bot. What is algorithmic cryptocurrency trading?

The industry around digital money not only transforms the markets we are used to, but also quickly adopts their technological achievements. Borrowing went for innovative solutions used in exchange trading. Algorithmic cryptocurrency trading is gaining momentum
today. Let’s impartially take a look at how effective it is and whether it should be mastered by novice traders.

According to ZeroHedge, 84% of transactions on the world markets are carried out by high-frequency trading tools – the main type of algorithmic trading, in which dedicated programs automatically look for opportunities to earn money, sell and buy positions
in a fraction of a second. In other words, the main players involved in the process are robots, and in most cases, they do business with each other.

In the “old” financial world, exchange activity has been computerized since the 1970s. With the emergence of centralized trading platforms in the field of cryptocurrency, algorithmic trading moved here…