Bitbns Becomes Country’s First Crypto Exchange To Facilitate Automated Trading In Cryptocurrency

Bitbns 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 India. 

"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", said Gaurav Dahake, Founder and CEO, Bitbns.

The feature is live on Tradetron and Bitbns platform and is accessible to existing and new users.