Thanks to the continuous support of API gateways and direct partnerships with many established service providers, clients of the company have access to a wide range of automation options including innovative products like an AI crypto trading bot or relatively simple DCA robots.
You can create a ProBit Global trading bot of any complexity due to the large number of vendors that support the platform by default.
Why should you consider ProBit Global automated trading strategies?
This CEX platform has great positions domestically and internationally. For instance, aggregators report that the company has a massive $550 million daily volume and lists over 450 coins. The official website that also counts domestic operations claims to have over 800 coins and 2,000 markets visited by over 2 million monthly active users. All these people are drawn in by the massive catalog of financial instruments and services offered by the exchange.
There are several core products offered by the company:
- The spot market has an incredible depth and offers a rich variety of tokens. You can find all sorts of cryptocurrencies on this platform. Whether you want to work with established instruments like Bitcoin or plan to invest in high-risk memecoins, you will be able to find a suitable option among thousands of asset pairs.
- Advanced automation is offered via third-party providers incentivized by the platform to partner up. You can find this exchange among supported CEXes on a variety of platforms in the sector. Thanks to low-latency connections and deep liquidity, it is possible to run any type of strategy successfully.
- Passive income and early access products. Clients are encouraged to interact with staking programs launched for many new tokens on the platform. You can also invest in early IEO (initial emission offering) to be ahead of the market. It is a risky strategy that can be incredibly profitable under the right circumstances.
We are concerned with the automation options available to users of this exchange. Thankfully, the platform simply allows users to connect a third-party tool and use all sorts of strategies including DCA trading, statistical arbitrage, and many others.
Why should you try to automate trading in ProBit Global?
According to Statista and the Pew Research Center, over 65% of all individual traders and over 99% of institutions use robots to at least some degree. The trend among investment banks and funds has been obvious since the 1980s. Automation allows users to outpace the market and trivialize mundane operations. Contemporary automation platforms also add a layer of safety by offering risk management features like delayed orders, trailing stops, position sizing, and more.
Robots have several distinct advantages over humans:
- The crypto market works around the clock and robots are in a perfect position to capitalize on the never-stopping nature of the crypto industry. ATS can work 24/7 without the need to rest, sleep, relax, or eat. It will catch excellent entry opportunities that humans can easily miss.
- The psychology of a trader is a whole field studied by scholars and experienced investors. Humans tend to make many important decisions while under the influence of emotions like fear or greed. Robots simply lack this weakness and operate consistently.
- Multitasking is often insufficient to achieve good results when it comes to large-scale systems like statistical arbitrage and others. Investors can delegate many tasks to robots that simply monitor the market and act under certain predefined conditions. This approach makes it possible for individuals to run setups that usually require a team of experienced traders.
How to use a ProBit Global trading bot?
Setting up an ATS for this exchange is not a tough task. You will need just three things:
- A signal supplier. Experienced investors may simply deploy a technical analysis strategy on TradingView and receive custom alerts. Newcomers are better off using trusted suppliers like Cornix.
- An active CEX account where you will obtain an API key to connect it to a third-party automation vendor. We are talking about running a ProBit Global crypto bot so you will need to register here.
- A provider of automation tools. You can choose from hundreds of platforms that currently offer robots on a SaaS basis. CryptoHopper, Gunbot, Cornix, and WunderTrading are all good options.
- It is important to choose a reliable vendor. Below are some factors to consider:
- UX/UI. User experience is incredibly important as it often determines the effectiveness of trading activities. It is simply easier to work with an intuitive interface.
- Product lineup. Consider picking platforms that have deep catalogs and offer versatile instruments like AI-powered systems, flexible customization, presets, and social marketplaces.
- Pricing. Since the early 2000s, automation has been getting cheaper and is often offered as a complimentary service by brokers and CEXes. You should not pay more than necessary for an excellent product.
Some of the best bots for ProBit Global
The current landscape of the automation industry is complex and diverse. You can find vendors with different flagship products, technology, and approaches to innovation. We strongly believe that you deserve only the best. Let's talk about some of the best options out there.
- Cornix is a sound choice for many investors as it offers a very interesting product aimed at newcomers to the crypto industry. The platform's flagship is their signal generating system which can be helpful in many scenarios including situations where you build ATS on one platform but import signals from another.
- Margin.de is a directly supported platform that offers a wide range of strategies with varying levels of complexity. While some experienced investors may think that Margin.de is a restrictive platform that does not have the same flexibility and versatility as some other services, in many ways, it is a good thing for users who do not want to deal with backtesting, strategy building, and other such things.
- Gunbot is a relatively new platform aimed primarily at DeFi users with its strong focus on automation options designed to work with decentralized apps. If you want to use an advanced trading bot with a CEX platform, you can still use Gunbot but it performs way better as a useful tool for people who are interested in P2P and DEXes.
- WunderTrading is a Jack of all trades in the automation sector. The platform offers a rich selection of automation products that allow users to build large-scale systems and engage with standard strategies like DCA or GRID. Investors who would like to simplify investing and focus on social components will be happy to test the native marketplace that features managers from multiple CEXes.
Note that only Margin.de supports ProBit Global trading automation natively without additional tinkering. The limitations imposed on users by this particular service often make investors unhappy. They seek the same service from a more flexible provider that can deliver a more holistic experience. Since it may take a lot of back and forth with the customer support team of your chosen automation service provider, we strongly recommend weighing all the pros and cons of using an exchange that does not have many integrations within the sector.
The main takeaway
When it comes to international exchanges, this particular platform is not the worst of choices. The low BBB security rating (under 74%) and discrepancies in marketing materials and data tracked by independent sources may induce a sense of fear and doubt in some users. The CEX platform has been doing quite well throughout its history and provides a variety of useful investment products to thousands of users.
However, the inability to run some preset solutions like AI grid trading systems or custom signal bots that can operate using a technical analysis strategy as its baseline can be a big “no-no” for an investor with ambitions.