You’ve been clogging up our Telegram chat asking about the trading API, and we know how in-demand it is. So, we’re delighted to say that it is now live and fully integrated on the mainnet. But before you get started, make sure you check out this informative video by resident DFE trader Cryptrader. In his words, “the API is your key to unlocking programmable actions for your trading account.”
The Digitex Trading API
The Digitex Trading API can be used for activities such as reading market data by data aggregator sites like CoinMarketCap, for sending trade histories, facilitating copy trading, and developing automated strategies on a bot. There are already several third-party bots being developed on the Digitex platform which means we’re getting closer to seeing automated trading on the exchange.
As Cryptrader points out, more trading bot action will improve liquidity, and lessen the wicks by minimizing the occasional divergence of the spot and futures price on the exchange during moments of low liquidity. There will also be a lot more activity when the bots start taking liquidity as well.
How to Access the API
Cryptrader shows you how to access the trading API. You can get to it by heading to the Account tab and clicking on the API section. Then you can create your API key simply with one click and easily copy and paste it. You’ll need this key to insert into third-party applications so that you can utilize copy trading, automated strategy, and other activities. If for any reason, you need a new API key, you can easily delete your current one and create a new one here.
If you’re a developer, you can access all the API application data on Github by following the link to the page if you’re interested in developing on the Digitex exchange.
ContractMarketCap is already using our trading API. If you haven’t visited this data aggregator site yet, be sure to check it out. It’s essentially just like CoinMarketCap but for futures exchanges. Simply click on the link to visit the page, scroll down to Bitcoin derivatives, and you can see the DGTX perpetual Bitcoin contract, the amount of volume over 24 hours, and the rate of open interest. Cryptrader points out that, as time goes on, DGTX will be listed on further sites through this API, so keep your eyes open for that.
If you’re an algorithmic trader or developer, now is a good time to start creating some strategies to take advantage of Digitex’s zero fees. And for those of you waiting to participate in automated trading, it won’t be much longer before the third-party bots in development are ready for your use. Thanks for all your continued support and be sure to keep up with our socials and blog for more updates and info to come.