HashCash Consultants, a blockchain consulting company, today announced the launch of a FIX API for its PayBito bitcoin and cryptocurrency exchange. The FIX API of Paybito comes with FIX (Financial Information Exchange) protocol 4.4 which is highly secure, steady and extremely fast.
The FIX protocol is recognized internationally and enables cross border trading especially to facilitate the real-time transfer of large financial data sets between market contributors
Paybito is an advanced bitcoin and crypto exchange which provides a secure environment to facilitate the integration of any custom platform. There are a lot of advantages on offer for the individual traders using FIX API. The main beneficiaries would be crypto brokers, exchanges, banks and other financial institutions transacting over the internet.
Benefits:
- Minimal dormancy and quick connectivity available 247: Fix API helps in the transmission of large sets of financial data within the shortest span of time. All the operators in the process follow engagement rules which are extremely strict. This process ensures that data interpretation to and from the receiver/sender is streamlined resulting in ‘to the point’ messages.
- Robust security and safety: The traders trading in this platform can run their algorithms on their personal or business computers rather than keeping it on any commercial platform. This minimizes the chances of data being compromised from commercial platforms.
- One custom application can simultaneously connect with multiple channels: One trader multiple broker architecture is enabled through FIX API.
- Elasticity: The traders have the leverage to develop algorithms to match their unique requirements tailored perfectly for them.
Paybito is a multi-currency, SegWit enabled, ERC20 compatible digital platform for trading digital assets. The objective of the release of the FIX API covers key aspects such as increasing liquidity, enabling better stable pricing and ultra-fast trading.