There's a minimum requirements for an exchange to be integrated in CCD, it needs to have an API to interact with, its performance and downtime have to meet certain quality thresholds.
We've chosen Binance and Kraken mainly because they have been around since the very beginning of cryptocurrencies and they support a large number of users and markets.
Binance
Largest crypto exchange in the world in terms of volume, Binance was founded by Changpeng Zhao in 2017.
Originally, it was founded in China but moved out due to regulations. Currently its headquarters are located in Malta.
In 2019, Binance was victim of a “large scale security breach” in which hackers had stolen 7.000 Bitcoin worth around 40 million USD at the time. Binance halted further withdrawals and deposits but allowed trading to continue. The site pledged to reimburse customers through its secure asset fund.
Binance features:
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It supports more than 1200 trading pairs.
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Supported intervals are:
1m, 3m, 5m, 15m, 30m, 1h, 2h, 4h, 6h, 8h, 12h, 1d, 3d, 1w, 1M -
Fees are around 0.1% both for maker and taker.
Kraken
Based in US, Kraken was founded in 2011 and it's currently owned by Payward, Inc., it acquired Cryptowatch in 2017 to display live price charts and trades.
Kraken is known for its low fees, its intuituve interface and security.
Kraken features:
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It supports more than 290 trading pairs.
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Supported intervals are:
1m, 5m, 15m, 30m, 1h, 4h, 1d, 1w, 1M -
Fees are around 0.12% both for maker and taker.
What exchange should be the next one to integrate?
Let us know your thoughts on this at cryptocandledata@gmail.com
Disclaimer!
All the information provided in this blog is tied to the date it was written, please double-check.