Starting a crypto exchange business is one of the easy and affordable ways to generate huge revenues nowadays.
But to stand out from the crowd the newbie crypto exchanges have to use some powerful APIs.
Let's have a look at those APIs
1. REST API
REST API stands for Representational State Transfer API. When a client request is made through the REST API, it transfers the representation of the state of the requested information to the receiver or endpoint.
2. Trading Bot API
The Trading bots is a software program that allows users to perform trading without any help of manpower at right time. Even crypto exchange platforms like Binance are using trading bot APIs.
3. Price Ticker API
The Price Ticker API is ideal for tracking price changes and exchange rates of cryptocurrencies. This Ticker API returns all the relevant data or information related to the price of cryptocurrencies such as Name, Symbol, Code, Decimals, and more.
4. Merchant API
The merchant APIs allow users to perform functions such as orders, payments, and checkouts in the integrated cryptocurrency exchange platform.
5. Liquidity API
Liquidity is one of the important aspects of the crypto exchange platform. Integrating liquidity APIs allow the users to perform the tasks for converting cryptos to fiats easily and quickly without affecting the price or the values.
There are still more APIs available for crypto exchanges that can be used as per the needs of the crypto exchanges.
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