CEX.IO Enables Automated Crypto Trading Through Superorder

Crypto exchange CEX.IO today has integrated Superorder’s automated crypto trading terminal which allows users to create and run trading strategies, as well as increased functionality such as portfolio tracking, using a visual interface.

The joint statement notes that one of Superorder’s platform features is the Strategy Builder, a tool enabling users to create trading strategies using a simple drag-and-drop interface. With their terminal for automated crypto trading, users can also combine orders to check the performance of their digital assets in real time.

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While it has supported CEX.IO, the Kyiv-based startup also collaborates since its launch with some of top cryptocurrency exchanges including Bittrex, Binance and Coinbase. The platform is keen on adding more exchanges in its pool soon.

“Currently, the platform generates over $50 million in trading volume a month. Every feature we have meets the actual needs of professional crypto traders and busy people interested in crypto. Superorder users can trade 24/7, but in fact spend 50% less time because of the provided toolset,” says Nikita Savchenko, CEO of Superorder.

CEX.IO expands in the US

Superorder has originally launched a year ago after it raised $500,000 in a funding round in August 2018, which was led by the Ukrainian venture capital firm SMRK VC Fund.

CEX.IO’s trading services are now available in 15 US states through regulatory licenses, while also operates in 16 states that do not require special licensing, with plans to expand to all 50 states.

CEX.io had received a money service business (MSB) status with the Financial Crimes Enforcement Network (FinCEN) back in 2015, which allows a company to act as a money transmitter in the United States with the stringent independent annual audit. However, the service was restricted to residents in states where MTLs are not required.

Commenting on the news, Alona Dobshynska, chief product officer at CEX.IO, said: “Superorder connects right to your CEX.IO account using an API key, and your funds stay safe on the exchange. Superorder customers can use the enhanced toolset offered by the terminal and add CEX.IO to their liquidity sources right in the interface that they’re used to.”

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