PayBito to Provide Algo Trading Expertise to a Crypto Exchange in Sweden
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Loading... - Allison Bergeron
- 06 Sep 2022
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A frontrunner in innovation, PayBito consistently makes headlines across the global crypto landscape upholding the spirit of trust, transparency, and collaboration. The US-based digital assets exchange extended its presence across Europe, offering its expertise in algorithm trading bot solutions to a Swedish financial services firm venturing into crypto trading services.
Algorithmic trading refers to tech-based trading strategies which rely on decision-making based on pre-programmed rules. Participating traders or investors write codes for executing trades on their behalf upon reaching predetermined conditions. Trading bots and their compliance with rule-centric decision-making have advantages such as impact minimization which is quite useful across the volatile crypto markets.
The PayBito trading bot feature comprises both buy-side and sell-side options. Users can avail of short-term and long-term strategies with real-time tracking, technical indicators, and cutting-edge security.
PayBito Chief and blockchain pioneer Raj Chowdhury stated, "The global rise in crypto ownership is also prevalent in Sweden. Algorithmic trading solutions will further accelerate the pace of adoption enabling crypto investors to maximize gains and leverage higher returns."
Sweden is a prominent example of a cashless society. The country is gearing towards fully adopting its central-backed digital currency(e-krona). The European nation has widely adopted crypto's underlying blockchain technology to expedite land registration and real estate transactions.
“Blockchain and cryptocurrencies are propelling the digital transformation across the global financial system," concluded Chowdhury, who had previously expressed support for bot trading and blockchain analytics in the crypto landscape. Read More…
