The technological foundation is also solid. Whether you want to use innovative instruments like a crypto AI trading bot or plan to focus on staking and other forms of passive capital allocation, you will find the necessary tools on this platform. The exchange can be connected to various third-party services via API gateways allowing developers to build apps for the spot and swap markets. Low-latency connections and detailed documentation make the CEX a perfect target for many development teams.
Why should you consider Digifinex automated trading bots?
Contemporary crypto investors can access an incredibly diverse selection of financial instruments. This exchange alone has over 700 currencies listed including coins that you know and love as well as some obscure memecoins. With a massive 28 billion daily trading volume, this CEX company deserves a detailed inspection by any investor.
Here are the products offered by this platform:
- Spot market with discounted transaction fees and over 700 different tokens to choose from. Digifinex has deep liquidity and can support large trading volumes without gaps and slippages. It is a good destination for investors interested in HFT systems, triangular arbitrage setups, and other sophisticated strategies relying on high trading volumes and frequent operations. If you want to build a massive portfolio with many unique positions, this is a good place to go.
- The wealth program is comprised of various passive income products. If you don't want to actively participate in the market, this option is for you. The platform allows users to invest in staking pools, receive interest on stablecoin holdings, and even engage in cloud mining. All these capital allocation methods can be viable in a balanced portfolio. You can even hedge against risks associated with passive investing by using leveraged short positions.
- USDT perpetual futures are often used as a hedging instrument by investors who heavily focus on stablecoin staking, yield farming, or long-term holding of USD-pegged assets like USDT, USDC, or DAI. The platform offers several dozen derivative pairs targeting all sorts of popular tokens like BTC, ETH, LTC, LINK, and a bunch of others. Users can easily adjust their position by changing leverage and setting up delayed orders manually.
- API connections are used to allow third-party developers to effortlessly connect to the CEX platform and send commands directly instead of dealing with the user interface which significantly slows down the process. It is hugely important for investors who engage in automated crypto trading to enhance profitability and reduce risks. The exchange is not supported directly by some of the leaders in the crypto automation industry but you can work with the customer support team to find out more about the possibility of connecting a third-party service.
DiGiFinex automated trading tools
Unfortunately, this CEX company does not offer powerful native automation functionality like OKX and other mainstream platforms. The only real way to introduce autonomy to a portfolio made on this exchange is through the use of the social module allowing users to copy the actions of others. It can be a viable option for many crypto investors but it is still a very limited one.
Since the vast majority of contemporary service providers offer such social features as parts of a much bigger package, it is a better idea to simply find a reliable automation provider that supports this exchange and runs a more flexible system instead of relying on restrictive native tools.
How to automate trading on DiGIFinex
Thanks to the versatility of modern automation services, you can build all sorts of systems that can operate with minimal supervision. All robots have settings allowing users to employ various risk management techniques to reduce potential losses and bring balance to a portfolio.
Here are some strategies that you may find interesting:
- Statistical arbitrage is a time-tested approach to financial investments where analysts look for correlated assets and make blanket investments in a variety of them. A portfolio created using this approach requires regular adjustments, a process that usually takes a lot of time and effort from several retail traders working together. However, you can automate the process using various bots.
- Triangular arbitrage is a strategy that cannot be achieved with the limited tools offered by CEX companies. You need to set up several robots that monitor the market and look for arbitrage opportunities. Since you may be interested in a multitude of pairs simultaneously, it is common to run dozens of concurrent bots. This approach is labor and time-intensive but has one of the safest risk profiles.
- Grid systems have been great performers ever since they were introduced to the market several years ago. DCA strategies were always incredibly popular. It was only a matter of time before something like a grid bot strategy took advantage of principles established in the distributed cost average method. You will surely find this particular robot on any contemporary automation platform.
These techniques are viable on this particular exchange thanks to its rich catalog of financial instruments and deep liquidity allowing clients to run high-volume ATS setups without experiencing gaps and slippages.
Where to build a DiGIFinex crypto bot?
The modern landscape of our industry seems oversaturated with hundreds of companies offering robots on a SaaS basis. Picking a reliable provider can be challenging even for experienced investors with years of experience. Newcomers often feel completely overwhelmed by the abundance of choices. We want to give you several options that will work well as starting points.
- CryptoHopper is a great destination for users interested in building complex ATS. This vendor has a variety of ready-made solutions on display allowing users to deploy systems like grid and dca bots quickly. You can also focus on custom setups by employing signals from dedicated suppliers or creating a technical analysis strategy on TradingView. The only downside here is the lack of advanced social modules that offer flexibility and variety to investors.
- 3Commas is another established platform offering similar services but with a much stronger focus on social elements. Multiple types of trust management options and a big community make it easier for investors to find a good copy trading setup. You can also use other advanced features to create unique ATS designs. It is a solid choice for many users with the only issue being a clunky interface that may confuse newcomers with an overabundance of menus and modules.
- Gunbot is another good automation vendor with an open-source development approach to some of its core products. Initially, it was conceived as a DeFi exclusive capable of interacting with various decentralized protocols. However, it can be connected to a CEX platform although it requires some technical know-how on the part of users. The recently implemented LLM is capable of writing functional scripts based on prompts from users. This feature can be of use if you don't have much experience with automation.
- WunderTrading offers the whole package including popular DCA and GRID presets, custom signal bots, a social marketplace with managers representing all supported CEXes, and more. If you want to build a DiGiFinex AI trading bot, you will find the recently updated systems powered by artificial intelligence very interesting. This platform has everything a crypto investor needs to succeed. From easy-to-use presets to complex custom setups, you will find it all.
The main takeaway
Using a DiGiFinex trading bot can be a satisfying experience for many investors seeking advanced capital allocation methods. By employing innovative automation solutions from the best vendors out there, you can deploy a consistent DCA crypto bot or a high-risk auto swing strategy. We strongly believe that this CEX is a fine choice for investors interested in bots.