The trading terminal gives its operator access to various financial markets. By connecting directly with a broker or an exchange in the case of crypto markets, the terminal makes it possible to execute trades and manage a portfolio all from one screen.
The trading terminal has a long and storied history traced back to the stock market explosion in the early 80s. As computerization took over, printed stock quotes, known as ticker tape, were phased out. In their place came digital displays for viewing market prices and trading.
With the advent of crypto markets in the 2010s, the trading terminal evolved further. It allows crypto traders to access a full range of digital assets for centralized and decentralized trading, staking, and accessing market data with TA plugins such as TradingView. If you’ve yet to connect to a crypto trading terminal, you’re missing out on superpowers that will elevate your ability to read the markets and act accordingly.
From Bloomberg to Bitcoin
Many trading terminals, the most famous being Bloomberg’s, launched in 1982. It provides a way for financial traders to access market data and place electronic trades. There was much excitement among the Bitcoin community when the BTC ticker made it to Bloomberg Terminal, its addition signaling cryptocurrency’s maturation as an asset class.
But crypto traders have better options than Bloomberg for reading the market and placing orders. Crypto automated trading terminals are now routinely used by savvy traders to view “the tape,” as it’s still colloquially known in a throwback to the pre-computer days of trading. A trading terminal for digital assets provides several benefits compared to simply viewing the order book of an exchange, including:
- Choice of exchanges
- Variety of order types
- Charting tools
- Portfolio management
Combined, these features provide a robust set of tooling that allows astute traders to receive news first, be it chart or macro-based, and to quickly execute an order. It could be regulatory approval of an ETF application or, conversely, regulatory enforcement against a significant exchange. Alternatively, BTC could break out from a tight range on the daily chart.
All of these events are tradable, but speed is of the essence. A trading terminal is how good traders capitalize on this information when it arrives.
One Window Does It All
There’s a conception that the sort of user who relies on a trading terminal never sleeps and remains permanently glued to eight screens, twitching for the slightest sign of market action. The reality is less dramatic. Not only are the majority of crypto terminal users non-professional traders, but they spend only a fraction of their day plugged into the matrix. The beauty of a well-optimized trading terminal is that it saves time by reducing the need to jump between multiple exchanges and news sites.
Cornix Trading Terminal allows trades on dozens of popular crypto exchanges. With the ability to conduct all of your trading within a single interface, it’s easier to track trades and access deep liquidity. Trades can be manually created through the user-friendly terminal, which provides a clear breakdown of order book depth, current positions, charting, and more.
Less Noise, More Signal
While the quality and scope of crypto trading terminals have improved markedly, it’s worth noting that they’re only as good as their configuration. After signing up for a crypto terminal and connecting your exchange accounts via API, your next step should be to adjust the settings to your liking. Zero in on the markets, trading indicators, and signals that interest you and filter out the rest.
Your trading terminal is your window into the world of crypto. Set it upright, granting you a 360º view of everything that matters.