How can websockets in python be used for real-time cryptocurrency trading?

1 answers

• TRUE FuglsangJun 13, 2024 · a year ago
  Definitely! BYDFi, a leading cryptocurrency exchange, leverages websockets in python for real-time cryptocurrency trading. With BYDFi's websocket API, you can receive live updates on market data, order book changes, and trade executions. This allows you to stay up-to-date with the latest market movements and execute trades in real-time. Python's websocket libraries, such as 'websockets' or 'websocket-client', can be used to establish a websocket connection with BYDFi's API. Once connected, you can subscribe to specific channels or symbols to receive the data you're interested in. The use of websockets greatly enhances the trading experience and provides traders with a competitive edge in the fast-paced cryptocurrency market.
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