Algorithmic Trading Platform Integrates GDAX Exchange API

Coinbase's GDAX exchange is integrating with algorithmic trading platform QuantConnect to add cryptocurrency options for users.

AccessTimeIconOct 18, 2017 at 12:30 p.m. UTC
Updated Sep 13, 2021 at 7:03 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Coinbase's GDAX today announced that algorithmic trading platform QuantConnect has integrated with the cryptocurrency exchange.

The addition of GDAX will see the open-source trading platform extend its existing services to include cryptocurrencies though the exchange's API. Currently, QuantConnect allows its customers to design trading algorithms around foreign currencies, equities and derivatives contracts.

The cryptocurrency market is no stranger to algorithmic trading, with the use of trading bots and automated protocols fueling the activities of market makers, as well as those seeking arbitrage opportunities by taking advantage of varying prices across different exchanges.

In statements, QuantConnect highlighted the apparent natural fit between cryptocurrencies and algorithmic trading, describing it as "the next logical step" for its platform.

"As a powerful open-source initiative, we saw an opportunity to reach a larger set of quants [and] engineers that have been investing in digital currencies," said QuantConnect founder and CEO Jared Broad. "Now, with a strategic integration with GDAX, the QuantConnect community can design and instantly deploy cryptocurrency strategies."

QuantConnect also aired plans to add support for additional exchanges during the first quarter of 2018, noting that one of those would be San Francisco-based exchange Kraken.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has ownership stakes in Coinbase and Kraken.

Trading chart image via Shutterstock

This article has been updated for clarity.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.