Robinhood has announced that its crypto trading API is now accessible to users in the US. The investment app aims to cater to experienced cryptocurrency traders by providing them with an API that allows for programmatically trading cryptocurrencies. This move by Robinhood will enable users to stay ahead of market trends and react swiftly to market swings. In addition to trading cryptocurrencies within the Robinhood app, users can now also trade using the API.
The availability of the crypto trading API is a significant boost for traders as it allows them to create applications that interact with crypto markets in real-time. Users can employ algorithms and techniques to execute their transactions seamlessly. According to Johann Kerbrat, VP and general manager of Robinhood Crypto, the API empowers clients to have complete control over their trading methods and facilitates automated trading.
Kerbrat further explained that the API eliminates the need for human involvement by enabling users to conduct transactions based on predetermined criteria. This automation feature allows traders to execute deals quickly, accurately, and efficiently, as well as apply complex trading techniques that would be challenging to do manually.
Robinhood emphasizes that its crypto trading API specifically caters to experienced traders who value advanced features that allow them to utilize their technical expertise in executing intricate trading plans. These traders benefit from analytics, real-time data processing, and improved security offered by the API. Robinhood has a dedicated website where users can access instructions and examples on how to utilize the API effectively.
In other crypto news, the SEC and Terraform Labs have reached a preliminary settlement over fraud charges.