Cryptocurrency trading bots are automated software programs designed to execute trading strategies on behalf of users. By analyzing market data and making real-time trading decisions, these bots enable users to trade 24/7 without constant supervision. Trading bots can be programmed for various strategies, including arbitrage, market-making, and trend-following. They connect to exchanges via APIs and utilize complex algorithms to monitor price movements, volume changes, and other market indicators. Cryptocurrency trading bots are popular among professional traders and retail investors alike, as they optimize trading efficiency and help reduce the impact of emotional decision-making.
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