Gemini has announced a series of API offerings aimed at automated traders.
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Exposed today, Gemini users are now able to connect to the Fresh York-based bitcoin and ether exchange via a Surplus API, WebSockets API and a FIX API, upgrades that bring more widely used electronic communications protocols to the toneel.
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Te statements, representatives from Gemini said that the updates would make private order status information more readily accessible to traders.
The exchange wrote:
“This should prove to be much more efficient than the Surplus protocol for all of our automated traders, since order status updates and other events are shoved to you rather than requiring you to continually poll for updates.”
Notably, Gemini said the service wasgoed inspired by terugkoppeling from Whale Club, the popular network for bitcoin day traders, a stir that may suggest a shift ter strategy at the exchange.
Launched late last year by investors Cameron and Tyler Winklevoss, Gemini has arguably struggled to attract users from this community, ter part due to its flamante positioning spil a service for enterprise institutions and its lack of offerings for more active traders.
However, that market may be becoming more significant now that Gemini’s initial target audience has proved somewhat elusive.
Gegevens from Bitcoinity indicates Gemini lags behind the two most popular regulated US dollar bitcoin exchanges, Coinbase’s GDAX and Paxos’ itBit.
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Overheen the last seven days, Gemini has traded 13,913 BTC (almost $10m), while GDAX eyed 40,455 BTC ter volume (harshly $28.5m) during the time period.
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