back Back

Matrixport launches Automated Grid Trading Service

By Leandra Monteiro

December 20, 2021

  • Asia
  • Auto Invest
  • Digital assets
Share

MatrixportMatrixport, Asia’s fastest growing digital assets financial services platform, has announced the launch of its automated Grid Trading Bot service. In its initial phase, the Grid Trading service will support trading pairs between USDT/USDC and BTC, ETH and BCH.

With Matrixport’s Grid Trading Bot, users are able to pre-set a series of purchase and sell orders within a given price range. As an asset fluctuates within that range, the grid trading programme will automatically utilise these movements to buy low and sell high. Should the asset price move outside of the defined price range, no trades will be made.

Cynthia Wu, Head of Sales and Business Development, Matrixport said, “Grid trading is an established trading strategy relevant for markets that are in constant flux. Alongside other investment tools including Auto Invest, our new automated grid trading offering reaffirms our commitment to enhance our platform to continually make it easy for our users to get more from their crypto.”

For illustration, after select a trading pair under the trading page, users can tailor their Grid Trading Bot in a simple four-step process:

Set the trading price range, which is the upper and lower limit of the asset price for the Grid Trading Bot to place buy and sell orders. For example, if BTC/USDT is set in a grid price range of $60,000 to $70,000, and the current price of Bitcoin is $50,000, the grid will momentarily cease to open positions. This is because the price is lower than the selected range. The order placements will continue when price goes back within your set range

Fill out desired number of grids, which is the number of pending positions to open at any given time

Set an investment allocation amount

Select grid pending order mode, grid pending orders are divided into two modes, geometric grid and arithmetic grid. An arithmetic grid means that the price difference between each grid is the same. A geometric grid means that the increase between each grid is the same.

Previous Article

December 20, 2021

New data from Klarna finds that women spend less and repay sooner

Read More
Next Article

December 20, 2021

APT Systems announces release of Spera stablecoin to Testnet

Read More









IBSi Daily News Analysis

December 08, 2023

Asia

Most consumers seek safer, easier payment verification, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 05, 2023

Swiss crypto bank SEBA rebrands to AMINA Bank

Read More

December 04, 2023

Trulioo partners with Public for its UK launch

Read More

December 01, 2023

Aspire expands footprint with opening of new Singapore headquarters

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2023

£1,500.00 / year

Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023