Crypto market maker and arbitrageur. Running bitcoin.
Sep 29, 2019 • 8 tweets • 2 min read
1/ I appreciate your efforts to compare exchanges, especially in terms of real/fake volume it is important work. But API response time as a measure of API quality is fairly meaningless, also for high frequency trading (which is what I do). I'll try to explain.
2/ Yes, API response time is important in a way. If I send a call to and endpoint, I would rather receive a reply in 100 ms than 200 ms, let alone 1000 ms. But API response time is not just a result of server and API quality. Server location is an important factor.
Sep 6, 2019 • 14 tweets • 3 min read
Currently @binance is running a testnet for two proposed futures exchange platforms. Futures platform A was seemingly developed in-house, platform B was developed by the recently acquired JEX exchange. I didn't really like either one. Some of my thoughts in this thread. 1/13
First of all, both testnets only have one contract on offer: a perpetual BTC/USDT swap. Similar setup to @BitMEXdotcom's XBTUSD inverse perpetual swap, with one major difference: Binance's contract on both platforms is a vanilla futures contract. 2/13