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Author: Admin | 2025-04-28
Conditions.Pros of flat filesQuick and easyNo need for integrationNo need for developer hoursWell-organized dataA wide array of data typesCons of flat filesNo real-time dataMethod 3: Market Data APIIn method one, we described connecting to exchanges via APIs, which is time-consuming when integrating with several platforms. Fortunately, you can use Market Data API instead. It’s a platform from a third-party provider like CoinAPI****that‘s already connected to hundreds of crypto exchanges. To access them all at once, you only need one API connection!Read the full guide on CoinAPI’s cryptocurrency data APIMarket Data API offers historical and real-time data from multiple exchanges. It provides quotes, trades, indexes, order books, and the ability to track many cryptocurrencies’ prices in one place. The data includes essential metrics such as opening, high, low, closing prices, and specifically, volume data. The data is standardized, which means it’s in a consistent format across different exchanges, making it easier to use and analyze.Another advantage is that you don’t have to spend developer hours on integration and maintaining connections. CoinAPI connects to exchanges via REST APIs, Websockets, or the FIX protocol, regardless of which one the exchange supports. It’s also responsible for high-level maintenance and ensuring a minimum latency in the transfer of real-time data.Pros of Market Data APIEasy integrationAccess to multiple crypto exchangesHistorical dataReal-time dataHelpful documentationData standardizationCons of Market Data APIChoosing an unproven provider may result in downtime and risk of data breachesCollecting Transaction History and Trade DataCollecting transaction history and trade data is fundamental for thorough market analysis. This data can be sourced from cryptocurrency exchanges, blockchain explorers, and third-party data providers. Transaction history encompasses details of past transactions, including the date, time, amount, and price of each transaction.On the other hand, trade data provides insights into trading activities, such as the volume of trades, the number of trades, and the average price of trades. Having access to detailed transaction histories and trade data enables traders to analyze market behavior and make data-driven decisions.Best Practices for Secure Transaction History ManagementEnsuring the secure management of transaction history is crucial to prevent data breaches and maintain data integrity. Here are
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