What are the advantages of using the WS API for cryptocurrency market data?

3 answers

• May 01, 2022 · 3 years ago
  The WebSocket API offers real-time data updates, allowing traders to receive the latest market information instantly. This can be crucial in the fast-paced cryptocurrency market where prices can change rapidly. With real-time data, traders can make more informed decisions and react quickly to market movements.
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• May 01, 2022 · 3 years ago
  One advantage of using the WebSocket API for cryptocurrency market data is the ability to subscribe to specific data feeds. Traders can choose to receive only the data they are interested in, reducing unnecessary data traffic and improving efficiency. This customization feature allows traders to focus on the data that is most relevant to their trading strategies.
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• May 01, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the advantages of the WebSocket API for market data. By leveraging this API, BYDFi provides its users with real-time market updates, enabling them to stay ahead of the competition. The WebSocket API enhances the trading experience on BYDFi by delivering accurate and timely data to traders.
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