Toobit Expands Traders' Toolbox with Algorithmic Trading Support
Date: 2025-11-19 Author: Oliver Abernathy Categories: BUSINESS
Cryptocurrency exchange Toobit announced the implementation of the CCXT library, one of the most well-known open-source tools used for quantitative and algorithmic trading. According to the company, this update marks the platform's transition to a new level of technical sophistication and is designed to provide traders with the ability to use professional trading mechanisms without complex custom integration.
Toobit emphasized that CCXT is a universal programming interface that unifies the APIs of multiple trading platforms into a single, standardized structure. This allows traders to quickly integrate existing bots, trading models, and custom algorithms without writing additional code. This approach significantly accelerates the implementation of automated strategies—from arbitrage to risk sharing across different trading platforms.
Exchange representatives note that the primary goal of the integration was to make algorithmic trading accessible to a wider range of users. Toobit management emphasizes that while such tools were previously considered primarily institutional, they can now be used by traders of all skill levels. The company is confident that this will enable deeper analysis, precise strategy calibration, and increased efficiency in digital asset trading.
Several key benefits that users have gained since the introduction of CCXT stand out. First, instant access to algorithmic systems that automate trade execution. Second, the ability to leverage multiple exchanges simultaneously, opening the door to cross-platform strategies and increasing liquidity potential. Third, access to historical data, which is essential for testing and optimizing trading models.
Toobit noted that the emergence of standardized APIs like CCXT is becoming an important factor in the emerging institutional environment of the crypto market. According to analysts cited by the company, the global trading bot market could approach $47.43 billion by the end of 2025, confirming the growing interest among participants in automated, objective, and 24/7 strategies.
The company also notes that the growing presence of institutional players is driving demand for transparency, speed, and stability in order execution. In this context, integration with CCXT strengthens the platform's liquidity and improves service quality for all ecosystem participants.
Founded in 2022, Toobit currently serves over 4 million active users from over 100 countries. The exchange supports 12 languages and offers a web version, a mobile app, and a Telegram mini-app. At the Blockchain Life 2025 conference, the platform was recognized as a leader in user interface usability.
