A marriage made in heaven. dblog 5th March 2018
Coinbase, which owns GDAX, the Global Digital Asset Exchange, has partnered with Trading Technologies, which is a major event that will inevitably bring a plethora of fresh players into the crypto market.
TT has been providing high quality trading tools and software to the futures and commodity markets for many years with its prime customer base being the major institutions. In fact, it boasts twenty of the United States largest Futures Commission Merchants amongst its client base.
So why would TT embark on an expensive development program with a crypto exchange? The answer is simple... customer demand! Of course institutions have been watching the crypto market closely and some of those that have employed the technology of these companies have participated in their ICO's. But what has been missing has been the regular participation of the big boys on a daily basis leading to high volatility, particularly in Bitcoin. With familiar software, a regulated exchange and advanced charting software, the crypto market is at the dawn of a new, more mature era.
As the volumes grow, aided by superior software and facilities, we will undoubtedly see tried and tested trading strategies play a bigger part in the price action. So it will now be crucial for the original pioneers of crypto, along with the new breed of young investor, to educate themselves in technical analysis. On this note I have produced a short example of how these mature investors approach markets.