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What are the most popular algorithmic trading libraries used in the cryptocurrency industry?

avatarGhost kumarDec 18, 2021 · 3 years ago3 answers

Can you provide a list of the most widely used algorithmic trading libraries in the cryptocurrency industry? I'm interested in knowing which libraries are popular among traders and developers for implementing algorithmic trading strategies in the cryptocurrency market.

What are the most popular algorithmic trading libraries used in the cryptocurrency industry?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! There are several popular algorithmic trading libraries used in the cryptocurrency industry. One of the most widely used libraries is 'ccxt', which stands for 'CryptoCurrency eXchange Trading Library'. It provides a unified API for interacting with multiple cryptocurrency exchanges, making it easier for developers to access market data and execute trades. Another popular library is 'pyalgotrade', which is a Python library specifically designed for backtesting and executing algorithmic trading strategies. It has a user-friendly interface and supports a wide range of technical indicators and order types. 'Zipline' is another notable library that is commonly used for algorithmic trading in the cryptocurrency industry. It is an open-source Python library developed by Quantopian and provides a powerful backtesting and live trading framework. These are just a few examples, but there are many other libraries available depending on your specific needs and programming language preferences.
  • avatarDec 18, 2021 · 3 years ago
    Well, when it comes to algorithmic trading libraries in the cryptocurrency industry, 'ccxt' is definitely a popular choice. It's a versatile library that supports a wide range of exchanges and provides a unified API for accessing market data and executing trades. If you prefer Python, 'pyalgotrade' is worth considering. It's a user-friendly library that offers backtesting and live trading capabilities. Another option is 'Zipline', which is an open-source library developed by Quantopian. It's written in Python and provides a powerful framework for backtesting and live trading. These libraries are widely used and have active communities, making it easier to find support and resources.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has its own algorithmic trading library that is popular among traders and developers. It offers a range of features and tools for implementing algorithmic trading strategies in the cryptocurrency market. The library provides access to real-time market data, supports various technical indicators, and allows for the execution of trades across multiple exchanges. It's designed to be user-friendly and flexible, making it suitable for both beginners and experienced traders. If you're looking for a comprehensive solution for algorithmic trading in the cryptocurrency industry, BYDFi's trading library is definitely worth considering.