Bitget Broadens Partnership with Hummingbot to Drive Open-Source Algorithmic Crypto Trading

Bitget, a well-known crypto exchange, has officially expanded its partnership with Hummingbot, an open-source software to deploy and create robust trading bots. The expansion of the collaboration between Bitget and Hummingbot aims to offer seamless trading by merging the strengths of both entities. As disclosed in Bitget’s official press release, the development highlights the shared vision to improve open-source infrastructure for liquidity . This move is set to enhance cross-market strategy implementation, automation, and accessibility for traders across the globe.

Bitget and Hummingbot Accelerate Open-Source Crypto Trading with Robust Liquidity Infrastructure

With the expansion of its partnership with Hummingbot, Bitget is endeavoring to bolster the open-source algorithmic crypto trading. In this respect, the partnership is redefining the open-source infrastructure for liquidity. At this collaboration’s center is the release of the Bitget Spot connector, apart from a redesigned Perpetual connector for the updated API of Bitget.

The respective upgrades permit traders to efficiently deploy market-making, derivatives and arbitrage strategies on Bitget. For this purpose, they can utilize the open-source Python framework of Hummingbot. Additionally, the integration backs streamlined execution across the Universal Exchange (UEX) of Bitget, bridging decentralized finance and traditional finance (TradFi) under a combined liquidity model. Simultaneously, the infrastructure provided by Hummingbot strengthens institutions and developers with rapid data feeds, resilient backtesting, and customizable scripting capabilities.

Along with that, by merging the aforementioned tools into the ecosystem of Bitget, consumers get access to programmable and transparent liquidity layer to support multi-asset trading across chains. This goes in line with Bitget’s wider objective to democratize crypto trading via open-source innovation and automation. Additionally, the partnership expansion also supports the recent upgrade of Bitget’s AI-driven trading assistant, GetAgent. As a result of this, the consumers can now refine bot strategies as well as futures positions via conversational commands, establishing a completely integrated experience.

Redefining Collaborative Development to Innovate Crypto Trading

According to Bitget’s CEO, Gracy Chen, the collaboration allows the company to create a bridge between open-source innovation and the institutional-level infrastructure. In the same vein, Hummingbot Foundation’s board member, Michael Feng, asserted that Bitget maintains its leading position when it comes to connecting professional trading infrastructure as well as community-led innovation. Ultimately,  the partnership improves consumer experience and sets a benchmark for open-source, collaborative development in rapidly evolving crypto sector.