What is the role of WebSocket API in cryptocurrency trading?

3 answers

• Dec 18, 2021 · 3 years ago
  WebSocket API plays a crucial role in cryptocurrency trading as it enables real-time communication between traders and exchanges. By using WebSocket API, traders can receive live market data, such as price updates, order book changes, and trade execution notifications, without the need for continuous polling. This improves the speed and efficiency of trading, allowing traders to make faster decisions and react to market changes instantly. Additionally, WebSocket API supports two-way communication, allowing traders to send orders and manage their positions directly from their trading applications. Overall, WebSocket API enhances the trading experience by providing real-time data and enabling faster and more efficient trading operations.
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• Dec 18, 2021 · 3 years ago
  WebSocket API is like the secret sauce of cryptocurrency trading. It's the technology that allows traders to stay up to date with the latest market information without constantly refreshing their screens. With WebSocket API, traders can receive real-time data from exchanges, including price updates, order book changes, and trade execution notifications. This means that traders can react quickly to market movements and make informed trading decisions. It's like having a direct line to the exchange, giving traders an edge in the fast-paced world of cryptocurrency trading.
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• Dec 18, 2021 · 3 years ago
  WebSocket API is a game-changer in cryptocurrency trading. It revolutionizes the way traders interact with exchanges by providing real-time data and enabling instant communication. With WebSocket API, traders can receive live market updates, such as price changes and order book updates, in real-time. This allows them to make faster and more accurate trading decisions. WebSocket API also supports two-way communication, allowing traders to send orders and manage their positions directly from their trading applications. This eliminates the need for manual refreshing and improves the overall trading experience. It's no wonder that WebSocket API has become an essential tool for cryptocurrency traders around the world.
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