The Uniswap crypto trading bot development is initialized using an algorithmic program that uses APIs for interacting with financial exchanges. The crypto trading bot is capable of monitoring the trade exchanges round the clock. It will react according to the predetermined program for buy and sell of cryptocurrencies at the right time. Also, crypto bots come based on the business’s requirements and are categorized as trend-trading bots, arbitrage bots, coin-lending bots and market making bots.
The trend-trading bots focus on analyzing the movement of the asset in the marketplace. Based on the trend in the trade market, it prevents taking losses and captures profits alone.
The arbitrage bots focus on price differences and inefficiencies across the market.
The coin-lending bots perform to lend cryptocurrencies at best interest rates with low risk, automating the process, volatile interest rates and repayment of the loan from borrowers.
Market making bots are efficient in turning profits from the difference between the selling price and buying price called the spread.