Bitget, recognized as the world’s largest Universal Exchange (UEX), has announced a partnership with the Hummingbot Foundation to enhance access to open-source algorithmic trading and improve liquidity in the perpetual futures markets. This collaboration introduces the bitget_perpetual connector within Hummingbot, enabling traders to implement market-making, arbitrage, and derivatives strategies on Bitget with a high level of dependability and clear pricing.
The integration aims to minimize barriers for quantitative traders and users in emerging markets by providing an accessible framework that aligns with Bitget’s depth of book and execution standards. This means users can automate their complex trading strategies without the need for low-level integrations, promoting efficiency in their operations. Ongoing support, documentation, and maintenance will ensure the connection remains stable as API technologies continue to evolve. The partnership’s shared emphasis on cost-effectiveness seeks to deliver improved spreads and trade executions over time.
Michael Feng, co-founder and board member of the Hummingbot Foundation, emphasized the importance of open-source algorithmic trading for the maturation of the cryptocurrency ecosystem. He noted that this partnership grants their community access to high-quality infrastructure, which is crucial for enhancing liquidity and execution standards.
Gracy Chen, CEO of Bitget, reinforced the exchange’s commitment to bridging the gap between sophisticated trading infrastructure and end-users. By integrating with Hummingbot, Bitget aims to extend its reach to more algorithmic traders, foster innovation, and support the mission of democratizing trading tools.
This strategic partnership aligns with Bitget’s broader vision of creating a Universal Exchange, which aims to unify on-exchange liquidity with on-chain access. This integration not only empowers traders with greater choice but also consolidates various trading venues and instruments through a single account. As Bitget moves forward with its UEX objectives, this collaboration is anticipated to evolve further with pooled liquidity initiatives, accelerated integrations, and expansive strategy libraries, facilitating a seamless trading experience across multiple assets and venues.
Looking to the future, Bitget and Hummingbot plan to co-host community events such as strategy hackathons and connector bounties and explore additional integrations with decentralized protocols and emerging market derivatives. User feedback will play a critical role in shaping their development roadmap, with an emphasis on transparency, performance, and inclusivity.
Bitget, established in 2018, boasts over 120 million users across more than 150 countries. The exchange is dedicated to providing smarter trading solutions, highlighted by its innovative copy trading feature. With the Bitget Wallet supporting over 130 blockchains and millions of tokens, it offers comprehensive services including multi-chain trading, staking, and access to thousands of decentralized applications.
The exchange is also actively promoting crypto adoption through strategic partnerships, such as its sponsorship as the Official Crypto Partner of LALIGA in various markets. In a commitment to social responsibility, Bitget has partnered with UNICEF, aiming to educate 1.1 million individuals on blockchain technology by 2027.
Meanwhile, the Hummingbot Foundation focuses on democratizing access to algorithmic trading tools through open-source software that encompasses exchange connector standards, strategy templates, and educational resources. This foundation strives to empower traders and developers globally, ensuring its community remains pivotal to its growth and adaptability.
For further details, interested individuals can refer to the Bitget website or reach out via their official communication channels.
