OkX, a wel-known crypto exchange and a leading Web3 technology company announced theintroduction of Signal Trading. This innovative platform serves as a bridge connecting signalproviders and traders, providing automated stratedies based on technical analysis, or 'signals.which can indicate whether to buy or sell crypto. The plan to launch the new platform wasinitially unveiled in July.
Signal Trading incorporates webhook capabilities through TradingView, enabling signaproviders and traders to create signals directly on the TradingView platform based on built-inindicators or custom-built Pine Scripttm strategies. The new offering allows users to accessfollow, and copy signals without manual execution, saving both time and effort.
Signal Trading grants signal providers access to over 50 million traders, strengthens theircapabilities to generate signals on the Signal Trading platform through the integration withTradingView. Furthermore, signal providers can benefit from a significant reduction in latencyand costs typically associated with listing signals on third-party platforms. For signal traders.Signal Trading provides them the benefits of avoidance of subscription fees and the mitigationof latency-related problems commonly encountered on third-party platforms. Also, the platformoffers them a wide range of signal providers, including institutions and pro traders, to choosefrom and compare.
Lennix Lai, Global Chief Commercial Officer at OkX, commented: "With the launch of SignalTrading, OKX further establishes itself as the go-to exchange for innovative, automated tradingsolutions. As we strive to revolutionize the way traders interact with the crypto market, OKX wilfurther enhance its ecosystem of automated trading tools."