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QuantConnect Announces Cryptocurrency Trading Support
[October 18, 2017]

QuantConnect Announces Cryptocurrency Trading Support


QuantConnect, an open-source, cloud-based algorithmic trading platform, today announced the launch of cryptocurrency support on the platform, enabling users to backtest, research and live trade digital currencies. QuantConnect users can design strategies that use cryptocurrencies in addition to equities, FX, futures and options, from opening tick to daily resolution. QuantConnect is the first algorithmic trading platform that allows users to build strategies across these five asset classes.

Through an integration with GDAX, QuantConnect's technology has been extended to include cryptocurrency assets. Adding cryptocurrencies to the platform allows users to identify, backtest and research new ideas, insights and strategies, Additionally, users will have the opportunity to hedge preexisting positions by investing in cryptocurrency.

"Adding cryptocurrency support to QuantConnect was the next logical step for our business," said QuantConnect CEO, Jared Broad. "As a powerful open-source initiative, we saw an opportunity to reach a larger set of quants & engineers that have been investing in digital currenies. Now, with a strategic integration with GDAX, the QuantConnect community can design and instantly deploy cryptocurrency strategies."



"This integration shows the continued commitment of traditional financial institutions to adopt this technology and widen access for customers," said head of GDAX, Adam White. "As the awareness of digital currency as an emerging asset class grows, QuantConnect has made it easier for institutions to conveniently backtest, research and live trade digital currencies, and integrations like these continue to make GDAX the most trusted digital asset exchange."

Over the past several months, QuantConnect has seen tremendous growth within its community due to new opportunities for live algorithmic trading. Both strategy building and backtesting activity have increased 300%, and live algorithms are up 30%. In addition to its integration with GDAX, QuantConnect plans to connect with other cryptocurrency exchanges in Q1 of 2018, including Kraken Bitcoin Exchange.


About QuantConnect

QuantConnect is an open-source, cloud-based algorithmic trading platform for equities, FX, futures, options, derivatives and cryptocurrencies. QuantConnect serves 40,000+ quants from 170+ countries, and its users have designed more than 100,000 algorithms. Customers include hedge-funds, brokerages, as well as individuals such as engineers, mathematicians, scientists, quants, students, traders and programmers. To learn more about QuantConnect, visit https://www.quantconnect.com.


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