NinjaTrader Joins Forces with Bitcoin’s Coinbase To Provide Real-Time Data to Platform Users of Other Cryptocurrencies
NinjaTrader has decided to take on a new experiment that will let their traders on the platform to get a market analysis of all of the different tokens in the exchange. The service will be offered as a result of NinjaTrader’s partnership with Coinbase, which is the provider for the Bitcoin’s exchange and wallets. Since the integration works directly through Coinbase, users will be limited to the tokens that Coinbase offers.
NinjaTrader was originally established back in 2003, and they have been offering an end-to-end platform that offers access to investment options. There are both automatic and manual futures, establishing equities, and forex markets. There are also tools to walk the user through its own platform and the third-party ecosystem.
Anyone that uses NinjaTrader will be able to interact with crypto brokerage service providers, though they will have to register for this benefit. Based on a recent statement from the company, it seems that they believe that crypto and retail trading together is the next step in the path of the industry.
With this integration, users will be able to view information for Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Even though this is innovative for NinjaTrader, it is a common move for platforms that are looking into offering their own virtual asset class. There is not any information regarding new tokens that would open for NinjaTrader, if they start adding these services on their platform apart from the partnership.
Officially, NinjaTrader basically introduces brokers to new investors, which is a service that claims to help their clients save money in the long run. Right now, over 100 brokerages around the world offer the help of NinjaTrader. Most of their services involve free charting, system development, trade simulation, and analytics.
The founder and CEO of NinjaTrader, Raymond Deux, said:
“The rapid rise of the cryptocurrency markets demonstrates the interest in digital assets and the need for a professional grade trading platform to monitor these highly active markets is evident. We are excited to provide a more robust charting and analysis experience for Coinbase products to help cryptocurrency traders uncover opportunity and make more informed trading decisions.”