Hummingbot is an open-source software client that allows users to create and customize automated, algorithmic trading bots for making markets on both centralized and decentralized digital asset exchanges.
Anyone can be a high-frequency trader and earn profits from market making, a trading strategy that was previously accessible only to algorithmic hedge funds, and together with the Negative Fees, Eterbase offers to its Premium Users the integration should incentivize even more users to use it in order to gain profits as well as bringing additional liquidity into the order books.
Hummingbot solves liquidity challenges of exchanges by turning their communities into decentralized armies of market makers.
By lowering technical barriers and introducing new incentive mechanisms, Hummingbot enables anyone to act as a market maker for digital assets, as it brings a new model for liquidity provision that is called decentralized market making.
Since Hummingbot needs to access sensitive digital asset private keys and exchange API keys to operate automatically, it is designed as a user-operated local or hosted client, similar to a cryptocurrency mining node. By encapsulating market making algorithms and a trade execution engine in an open-source application available to non-technical users, Hummingbot enables a much wider range of individuals and companies to potentially earn income from running market maker nodes that provide liquidity to crypto-asset pairs that trade on various exchanges.
Eterbase is joining top cryptocurrency exchanges (Binance, Coinbase, Huobi, Bittrex, DDEX, IDEX) that are currently connected to Hummingbot in order to provide additional utility to the users of the exchange where both sides will be able to gain benefits.