Today, Hummingbot is thrilled to announce the release of a new connector to the XRP Ledger (XRPL), available in the latest version 2.0. The XRPL is a decentralized, layer 1 blockchain that has proven its reliability and stability for over a decade. It is trusted by businesses and developers worldwide for efficiently tokenizing and exchanging both crypto-native and real-world assets.
What’s New in Hummingbot 2.0?
Hummingbot 2.0 comes with an exciting new feature: the Dashboard. This highly-anticipated addition makes the platform more accessible and user-friendly. With the Dashboard, users can easily create, backtest, and deploy their trading bots through an intuitive visual interface. This streamlines the strategy configuration and bot management process, making the overall user experience smoother and more enjoyable.
Why the XRPL Connector is a Game Changer
The introduction of the XRPL connector firmly establishes Hummingbot as the open-source exchange API connector standard for both centralized and decentralized crypto exchanges. Hummingbot users can now leverage the robust and decentralized infrastructure of XRPL to enhance their crypto trading and market-making strategies.
“The integration of the XRP Ledger in Hummingbot v2.0 marks a significant milestone for our community,” said Michael Feng, Board Member at Hummingbot Foundation. “XRPL’s origins in cross-border settlement align perfectly with Hummingbot’s mission to empower market makers across the world with open-source standard software.”
David Schwartz, CTO of Ripple, also expressed his enthusiasm for the new connector, tweeting, “I am very excited to start playing with this!”
Advantages of the XRPL Connector
The XRPL connector is designed to seamlessly integrate with Hummingbot, allowing users to take advantage of XRPL’s fast transaction times and low fees. This means traders can execute strategies with greater precision and speed, optimizing their performance across various markets.
About Hummingbot
Hummingbot is an open-source software framework that helps users create and deploy crypto algo trading and market-making bots. By integrating with various exchanges and blockchains, Hummingbot provides both individual and institutional users with powerful tools to automate their trading operations. In the past year alone, Hummingbot users have generated $27 billion of trading volume across more than 200 centralized and decentralized exchanges. To learn more, visit hummingbot.org.
About the XRP Ledger
The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Powered by XRP, a cryptocurrency designed for payments, XRPL is trusted by over 1,000 visionary builders and businesses worldwide. To learn more, visit XRPL.org.
Conclusion
With the new XRPL connector in Hummingbot 2.0, the future of crypto trading looks brighter and more efficient. Whether you’re an individual trader or part of a larger institution, this integration promises to bring new levels of precision, speed, and reliability to your trading strategies. Try out the new features today and see the difference for yourself!
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