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The lack of free api’s for traditional exchanges is by design. It’s a risk mitigation technique that only members or sponsored traders can trade on those excha
by kasey_junk 5y ago
The lack of free api’s for traditional exchanges is by design.
It’s a risk mitigation technique that only members or sponsored traders can trade on those exchanges. This allows for there to be real ramifications if the sponsor doesn’t do due diligence and allows a counterparty into a trade that can’t settle.
Perhaps this limitation is precisely what the trustless features of the coins gives us or perhaps the crypto exchanges just haven’t been bitten by a really bad counterparty risk incident yet. Time will tell.
- vmception 5y agoIts a poor implementation crafted by skittish legal doing cookie cutter things for decades, implemented by certificate chasing IT staff who couldnt launch a tool by a script kiddie if their life depended on it. And then there are also structural differences, such as in crypto the trade is the settlement. So other markets could have a different approach, and then have to deal with settlement.