Binance, the world’s largest cryptocurrency exchange by trading volume, is considering allowing users to trade cryptocurrencies using bots.
The exchange is currently investigating the possibility of implementing an “automated trading system” that would let users set up their own trading bots, according to a recent job posting on Binance’s website.
The posting says that the exchange is looking for a “full-stack developer with experience in developing high-frequency trading systems” to help build the new system.
If implemented, the system would be a major addition to Binance, which has so far been mostly a manual trading platform.
It would also put Binance in competition with other exchanges that already offer automated trading, including Huobi and OKEx.
NOTE: WARNING: Automating transactions on Binance is not recommended and may be considered a violation of the Binance Terms of Service. Automation of transactions can lead to significant losses and has potential to be used for illegal activities. Use caution when considering any automated solutions for Binance transactions.
The job posting comes as Binance is facing increasing pressure to list more coins and tokens on its platform.
The exchange has been accused of being too centralized and not doing enough to decentralize its power.
Binance has also been criticized for its lack of transparency when it comes to listing new coins and tokens.
The exchange has denied these accusations, saying that it is committed to listing “quality projects” that meet its standards.
The possibility of implementing an automated trading system on Binance is an interesting development that could make the exchange more competitive. However, it remains to be seen if the exchange will actually go through with it.
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