Developing a cryptocurrency arbitrage bot involves several steps to ensure efficient implementation and profitability. Here's a quick 10-point guide
- Understanding Arbitration:
- Select trading pairs and exchanges:
- API integration:
- Data analysis:
- Risk Management:
- Execution logic:
- Post-testing:
- Monitoring and Alerts:
- Compliance and Rules:
- Continuous improvement:
These are the major 10 points considered in developing arbitrage bots and these major points have been covered by the best crypto arbitrage bot development company.