When it comes to asset variety and service stability, it is hard to find a CEX company more renowned and influential than P2B, a successful platform launched in 2017. Today, it is a large player in the crypto industry. Here are some impressive numbers:
- Over $1 billion in daily volume;
- 900+ markets available to all users;
- 2500 projects launched through IEO and IDO.
The flexibility offered by this exchange is one of the main reasons why over 12 million users visit it daily and over 30 different protocols choose it as their main destination for IEO and IDO. With this level of popularity and flexibility, it is a perfect place to be just like the marketing suggests. However, even the best platforms could use some improvements!
Why should you be interested in automated crypto trading on P2B?
This platform is user-oriented and wants to provide the best experience by covering all possible bases. The variety of financial instruments, investment mechanisms, and the level of technology make it a prime destination for all types of investors who want to engage with the market safely and reliably.
Here are some of the products from the exchange's lineup:
- The spot market is one of the biggest in the industry if not the biggest. Marketing materials claim that it is the number one CEX by a variety of assets. With over 900 markets to choose from, this statement does not sound like an exaggeration. Daily volumes across all pairs are close to $1 billion.
- Margin accounts can be a huge advantage for many retail traders regardless of their risk styles and preferences. You can access all financial instruments from the spot market and short-sell them when necessary. This flexibility makes hedging with short positions very easy.
- Monthly listings. The exchange launches close to 30 projects each month. You can find all sorts of tokens on this CEC platform. While many launches are for questionable DeFi protocols and memes, some interesting projects, DEXes, and bridges also pop up regularly.
- Versatile open API gateway allowing users to connect third-party vendors and applications directly to the exchange bypassing the UI. There is even a special P2B PerpBot tutorial for GitHub users who want to run this app on the exchange. If you want to run something like a complex grid bot crypto system, you won't face any issues either.
- We also want to highlight the earning program allowing capital holders to allocate their assets to various pools and receive rewards in stablecoins, mainstream coins, and many other digital assets. Options range from highly risky to safe.
How to trade on P2B with bots
You can use several ways of automating investment activities on this exchange. In the vast majority of cases, simply going to a specialized automation vendor would be enough. However, some users may consider other choices.
- Local software like programs on GitHub including PerpBot can be installed on local hardware and connect to the exchange directly using the open API functionality. This is a labor-intensive method that also relies heavily on multiple factors including the performance of hardware and the quality of your internet connection.
- Third-party vendors like WunderTrading provide a rich selection of automation tools that you can use to create sophisticated automated systems with close to no limitations. Note that many specialized providers do not support some exchanges by default. In many cases, you will need to work with the customer support team to establish a connection between platforms.
- The last option is to use features native to the platform. This exchange does not offer any automation tools but can schedule orders, set up delayed orders, and close positions automatically under certain circumstances. Of course, such functionality is very restrictive and insufficient to build complex ATS. However, if you don't need additional features, it can be just enough to cover the basics.
When it comes to using various modern tools to improve investment outcomes on this particular exchange, your options are limited compared to CEXes with more direct integrations and partnerships within the crypto ecosystem. The likes of Binance or Kraken are way better if you want to build a consistent portfolio around automation.
Good choices for profitable P2B strategies
It is hugely important to pick proper strategies to optimize returns and achieve consistency while avoiding all sorts of risks that we commonly associate with doing business in the crypto domain. Below are some options that will work well on this CEX thanks to its high liquidity, asset variety, and low-latency API gateway.
- Sophisticated setups powered by tech like ChatGPT. For instance, modern grid systems improved with machine learning can be incredibly useful to many users who want easier entry into the crypto domain. These operate on the same level of intensity as HFT strategies like market making. Many established automation vendors offer products that have expanded features and better performance due to the integration of neural networks and machine learning.
- Systematic asset acquisition. It can be done using DCA bot crypto systems available on many platforms including CryptoHopper, 3Commas, and WunderTrading. If you want to slowly and steadily grow your holdings for a long-term market position, this particular approach will work excellently. The Distributed Cost Average method is a time-tested approach that has been around for close to a century.
- Triangular arbitrage is one of the safest approaches to investing in the digital market. The strategy requires preparation and dedication to set up a bunch of different ATS agents that passively monitor the market and act only when the conditions are perfect for a profitable trade. This approach needs many markets with redundant pairings to work. This particular exchange offers the necessary variety of markets to create a good environment for arbitrage traders.
All of these methods can be successfully applied to this CEX platform. The real question is where to write scripts and deploy ATS designs.
The best trading bots 2024 P2B
The crypto automation industry is surprisingly big with hundreds of vendors and even individual developers offering a rich variety of robots to millions of users globally. Choosing a reliable provider in an ocean of choices seems like a tough task. We want to give you several options that work well for newcomers and veterans alike.
- CryptoHopper is one of the most recognizable brands in the industry and deservedly so. It is a versatile platform offering a wide range of ready-made products like AI-powered grid systems and DCA buying. You can tinker with settings to fine-tune them according to personal preferences and risk style. The only and very arbitrary downside is that the company is not interested in building a functional social module that could be a game-changer for some newcomers. In general, this platform is a good choice for all types of retail traders.
- 3Commas is also a hugely popular destination for many investors who are interested in using automation to create advanced ATS. The company does have a functional suite of tools providing the necessary capabilities to build custom robots but the main advantage and flagship feature is the social component which is quite impressive. 3Commas offers the standard social module with a large number of good managers but also has a marketplace for strategies where experts and third-party developers can offer their unique ATS and signals to the growing community of platform users.
- WunderTrading is a good choice for people who simply want an excellent experience and a holistic toolkit that covers all the bases. For example, you will be able to create complex ATS setups while also enjoying a variety of complimentary instruments such as portfolio trackers, in-depth analytics, advanced social features, and other useful things that make your life easier and investments more profitable. The recent push toward the implementation of artificial intelligence and machine learning has led to the creation of a powerful AI-assisted statistical arbitrage system that will be a great choice for newcomers!
The main takeaway
Building a high-performance automated trading bot on the P2B platform is not a tremendously difficult task. The technology is provided by specialized vendors that offer their services for a fraction of the price that many institutions had to pay three decades ago. A large number of markets with deep liquidity offer the necessary flexibility to build all sorts of strategies without suffering any issues like gaps and slippages.
Since many investors enjoy the variety of available digital assets and want to work in a reliable and stable environment where users can estimate potential gains and losses easily, choosing trustworthy platforms that are recognized by regulators and can offer a sense of safety through the adherence to KYC and AML guidelines is a good idea.