• OKX is launching Signal Trading, a marketplace that bridges the gap between signal providers and traders.
• The marketplace will be integrated with TradingView, enabling users to create signals directly on the platform.
• Advantages for both signal providers and traders include expansion opportunities, reduced costs and latency issues.
OKX Launches Signal Trading Platform
OKX has announced the upcoming launch of its Signal Trading platform, a marketplace where users can access automated trading strategies based on technical analysis and ‘signals’ which indicate when to buy or sell crypto. The platform is set to launch in August-September 2023 and interested users and signal providers can sign up to the waitlist now.
Integrated with TradingView
The Signal Trading platform will be integrated with TradingView, enabling signal providers and traders to create signals directly on the leading charting platform. This will enable them to specify their desired action, instrument and other parameters associated with each trading signal.
Advantages for Signal Providers
Signal providers stand to benefit from listing their signals on OKX’s Signal Trading as they gain access to a marketplace of over 50 million traders. Additionally, they may experience significant reductions in latency and costs typically associated with listing signals on third-party platforms.
Advantages for Traders
Traders who use OKX’s Signal Trading can avoid subscription fees associated with third party platforms as well as benefit from improved latency issues compared to those experienced on third party platforms. As one of the world’s leading crypto exchanges, traders can also benefit from added trust in terms of reliability of using OKX’s services.
Conclusion
OKX’s upcoming launch of its Signal Trading platform promises many advantages for both signal providers and traders alike including expanded opportunities, lower costs, improved latency issues as well as trust in terms of reliability when using one of the world’s leading crypto exchanges.
