Partners with Tradetron to broaden retail participation in Indian cryptocurrency trading and investments
· To empower users to automate their investment strategies
· Algorithm strategies created by investors for their own use or for others to avail automated crypto trade
· Investment algorithm to be accessible to both existing and new users
· Tradetron is the most widely used automation platform for trading in the country
Mumbai, 21st , June 2022: Bitbns, a leading Indian cryptocurrency exchange, has partnered with Tradetron, the country’s most widely used algorithm automation platform, to facilitate automated crypto trading for its traders and investors. With this strategic partnership, Bitbns aims to empower its users to automate their investment strategies while facilitating seamless trading and investment in the digital asset class.
Automated trading, also known as Algo trading, is the process of using computers programmed to follow a defined set of instructions for placing a trade to generate profits at a speed and frequency that is impossible for a human trader. The most significant advantage of automated trading is that users can execute a particular crypto trading transaction on multiple indicators, inclusive of a targeted price at lightning speed.
Automated trading has been popular among equity traders. It is now slowly becoming a popular choice among crypto traders globally too.
It empowers strategy creators by allowing them to automate their strategies and make them available to investors and traders worldwide. Users need not have to write a code and yet can create an algorithm to trade automatically.
Tradetron is a multi-asset, multi-currency, multi-exchange which allows strategy creators to create trading algorithms using a web-based strategy builder. Once the users create the algorithm, it can be listed on the exchanges where investors can subscribe to them and take those trades in their existing brokerage accounts. Tradetron is the most widely used traded automation platform in the country.
Commenting on this development, Gaurav Dahake, Founder & CEO, Bitbns, said, “Innovation is at the heart of everything we do and as one of the country’s leading crypto exchanges, we have always pursued to offer a seamless end-to-end trading and investment experience to all our customers. Our partnership with Tradetron, will offer our users the unique proposition to avail a more systemic approach to active trading than being driven by emotions or mere gut. By following a defined set of instructions pertaining to price, quantity, timing etc. this trading mechanism has the potential to help build more discipline into trading. Additionally, the platform will help build more trust among retail investors who can now bank on a computer program to enjoy smart trading while opting for the strategy that works best for them.”
Commenting on the development, Umesh Ranglani, CEO, Tradetron Inc, said, “Crypto as an instrument has two specific properties which make it ideal for automated trading; Its volatility and the fact that it’s a 24-hour trading window. One possibly cant be available for trading all the time and once the algo is doing the job for you, you can let your strategy do its magic. We are excited to tie up with Bitbns as our first crypto partner to bring the power of Tradetron to all BitBns users. As the ecosystem deepens, stable, dependable, profitable strategies will emerge which one can trade to take bets with an edge on your side.”
The feature is live on Tradetron and Bitbns platform and is accessible to existing and new users.
Bitbns is India’s most versatile exchange. With over 4 million users, it is today a one-stop shop for a diverse suite of crypto-based products and services. With varied products such as Bitdroplet, SIP in bitcoin, FIP which is fixed deposit for crypto, the exchange caters to a wide variety of audiences inclusive of traders and long-term mature investors among others. The exchange also offers advanced trading capabilities like margin trading which can be leveraged by sophisticated traders and automated trading options through API for users. Bitbns has Bitbns Quick Swap which offers over 400 cryptocurrencies which can be traded – the highest in India. Founded in 2017, Bitbns is the fastest and easiest way to buy & sell Bitcoin (BTC) at the lowest trading fee.