Cryptocurrency trading no longer involves a single blockchain, as it did in the beginning, when Bitcoin was the only crypto asset. Today, the digital ecosystem has grown into a multi-chain system with hundreds of blockchains trading a wide range of crypto and digital assets. People who want to exchange assets across different blockchains quickly will need to use fast, reliable trading bots with cross-chain swap solutions.
Trading bots are automated tools that use predefined sets of rules and algorithms to execute trades across blockchain networks. They use cross-chain swaps to take advantage of price discrepancies throughout these blockchains. That way, users can find more profitable trading opportunities by buying and selling at the best possible prices without high fees.
How to Identify a Suitable Cross-Chain for Your Trading Bot
The best cross-chain swap solutions for trading bots offer the following features and benefits:
- A wide variety of digital assets and blockchain networks
- Provides extensive coverage for layer-1 and layer-2 assets
- Clean APIs and SDKs for flawless integration with your bots
- Access to centralized and decentralized liquidity pools
- Consistent uptime for maximum reliability
- 24/7 customer support to respond to questions or concerns regarding transactions
- Fee transparency to ensure you know all the costs of spreads and commissions before executing transactions
- Non-custodial flows give users total control over money and assets without a third-party intermediary getting in the way
The question is, what are the best cross-chain swap solutions for training bots? Below are the top 5 solutions based on our research:
1) ChangeNOW
ChangeNOW offers a comprehensive suite of professional financial solutions to enable small, medium, and large enterprises to support secure and stable cryptocurrency payments and exchanges.
ChangeNOW’s Crypto Exchange API is one of its best features. Businesses can use the API to develop their own white-label cryptocurrency exchange service from scratch. Either that or they can integrate the API into their existing platform. The benefits of either choice include flawless functionality across web platforms and mobile apps, as well as the best possible market rates with fixed-rate and standard-rate options. Additional comprehensive API documentation is included for further reference.
Businesses will receive software to operate a non-custodial crypto wallet with built-in features such as cryptocurrency exchanges and fiat purchases. The wallet supports the storage and exchange of over 1,500 coins and tokens across more than 110 blockchain networks +70 fiat options. The wallet can be tailored to the client’s needs by staking, fine-tuning transactions, NFT storage, and more.
ChangeNOW offers 99.99% uptime, a 24/7 support team, and a personal manager to address any problems or concerns whenever you have them. For instance, if there are duplicate transactions, missing memos, or wrong network deposits, you can contact your personal manager to resolve these complex issues immediately.
2) Symbiosis Finance
Symbiosis Finance is a cross-chain decentralized exchange consistently ranked among the best for speed and efficiency in cross-chain swaps. The average transaction time for transfers between exchanges is less than a minute, perfect for those who care about executing a robust arbitrage strategy. Gasless transaction fees let you pay network fees in the same token you are swapping.
As a decentralized exchange aggregator and automated market maker, Symbiosis uses an advanced cross-chain liquidity protocol to enable single-transaction token swaps across over 45 EVM and non-EVM blockchains. EVM stands for Ethereum Virtual Machine, a decentralized computing engine that powers the Ethereum blockchain and executes smart contracts.
Developers can easily use the Symbiosis platform’s SDK and API to integrate cross-chain functionality in their trading bot. The API enables centralized cross-chain swaps and liquidity management, while the SDK provides access to Symbiosis protocol functions.
3) Across Protocol
Across Protocol is one of the only intent-based protocols for cross-chain swapping on the internet. It is an ideal tool for training bots because it uses a network of “relayers” to initiate low-latency cross-chain swaps and digital asset transfers. The relayers allow bots to “front” assets, enabling almost instantaneous transaction settlement.
Any crypto asset trader using high-frequency trading strategies will appreciate the fast and secure settlement speed of this protocol. Since Across Protocol is built on an intent-based model, it reduces fees and slippage for trading bots that execute large volumes of transactions. The protocol’s hybrid architecture combines the security of on-chain settlement with the speed of off-chain matching to support high-frequency trading strategies.
4) THORSwap
THORSwap is a highly decentralized exchange that leverages THORChain’s cross-chain liquidity protocol. It is the protocol that allows users to swap digital assets across various blockchain networks without a centralized exchange serving as an intermediary for the transactions.
This cross-chain swap solution tool is ideal for trading bots that prioritize decentralization and primarily swap native layer-1 assets in a single transaction. Layer-1 assets refer to native cryptocurrencies traded on layer 1 (foundational) blockchain networks like Ethereum and Bitcoin.
The THORSwap architecture uses a network of nodes to monitor and process transactions across blockchains, increasing user trust and transparency. Plus, the streaming swap technology streamlines native asset trading for bots by breaking large trade volumes into smaller, continuous swaps, reducing fees and slippage.
5) Rubic
Rubic is a cross-chain swap aggregator that lets users swap cryptocurrencies and digital assets across 90 blockchains, 360 decentralized exchanges, and 20 bridges from a single user interface. It can aggregate crypto pricing information throughout multiple decentralized exchanges and blockchains to find the best prices for your trades. This gives bots access to a wide range of digital assets and liquidity pools for maximum simplicity and speed.
The Verdict
ChangeNOW stands out as the top cross-chain swap solution for trading bots because it meets all the requirements for an ideal solution. It provides coverage for over 1,500 digital assets across more than 110 blockchain networks. The platform has 99.99% availability and 350ms response times, providing maximum reliability and trust.
The ChangeNOW API integration makes it easy to adapt to any new or existing trading platform. The comprehensive API documentation provided can help you through this integration process.
