HitBTC partners up with TradingView

We are pleased to announce that we have partnered up with TradingView, a global social network for traders.

TradingView is a financial visualization platform that provides market data, charting tools, analytics, trading instruments and gives users the possibility to trade on other platforms through API integration. Users can also follow each other and connect with millions of traders to discuss and share their trading ideas with the community. The platform supports a wide range of assets including currencies, stocks, indices, futures, cryptocurrencies, bonds and CFDs.

This new and exciting partnership will allow TradingView users to manage their orders on HitBTC via the web-trading interface on TradingView. For example, one can place buy or sell orders via the TradingView platform without having to log in to HitBTC, all that is required is for users to submit their private API keys to their TradingView account.

At HitBTC, we are always doing our best to improve our service, provide new opportunities to our users, and partner with exciting projects. Our new partnership with TradingView does just that, and we are very happy to offer this additional service to our community of traders.

Stay up to date with future announcements from our team.

Demo HitBTC is live. HitBTC launches virtual trading platform

Dear Traders,

We are pleased to announce that we have launched a demo platform where our users can try and test trading strategies for free, with a virtual balance, in real-life market conditions.

The new demo platform includes most of the features from our main platform. It also offers an exclusive margin trading feature with x5 leverage that allows users to initiate a margin trade with a requirement to commit a percentage of the total order value.

For our users’ benefit and education we added 3 trading pairs, namely:

  • EOS/USDT
  • BTC/USDT
  • EOS/BTC

The new demo platform will run separately from our main platform and will require you to sign up. Please click here to create a free account.

After you sign up, you will get a virtual demo fund of 100 USDT TST and 0.01 BTC TST to trade with.

For user convenience, our demo service will work through its own new webpage and API. We offer one of the most advanced API service solutions in the crypto space, and it works seamlessly with both algorithmic trading systems and real-time order execution.

Go ahead and test out your trading strategies today risk-free with our new demo trading platform.

Good luck!

HitBTC will provide support for social startups helping with the COVID-19 crisis

Dear crypto community,

In response to the outbreak and continued spread of Coronavirus affecting people all over the planet, we would like to announce that we will be doing our part at HitBTC to help out socially important crypto projects that are working to combat the disease.

To that end, we are offering platform integration for digital assets developed by projects that support healthcare activities and cutting-edge science initiatives that may need computing power donations.

To apply for HitBTC support, please send an email to team@hitbtc.com, with the following information:

– Project name
– Project website
– Brief description
– White Paper
– Project GitHub profile
– All your social media profiles

It is very important that you let us know how exactly your assets contribute to the fight against COVID-19, so please make sure to address this issue as well.

We will be accepting applications up to and including May 1st.

Times are tough for many right now, but people from all different industries and walks of life have been answering the call and doing their best to make things better. HitBTC is happy to do what we can in this time of need.

Please stay safe and healthy!

Sub-Accounts Now Live on HitBTC

We are happy to announce that we’ve put together a great new feature that will give our users a higher degree of control and flexibility in their actions on our exchange. The sub-accounts option is a perfect solution for institutional and corporate clients. It enables users to create distinct subsidiary accounts with which they can explore various trading styles and strategies with operational autonomy while still contributing to the volume activity of all your accounts.

The way this works is fairly simple. Your master account is the control room of your financial operations. If you have already upgraded your account, it will be automatically converted into a master account. If you cannot create sub-accounts, you will need to upgrade your account.

Once you have a master account up and running, you can then create any number of subsidiary accounts that are all tied to the master. Each subsidiary account is like a small branch that operates independently from other sub-accounts but falls under the control of the master account.

This is important for a number of reasons. Not least among them being that, with this structure, corporate and collective clients can set up operations on HitBTC quite easily, spreading activity out but retaining full authority and security.

Key to the sub-accounts structure is the way they contribute to a trader’s Fee Tier standing. While each sub-account is separate, all sub-accounts tied to a master account contribute to the cumulative volume of all your accounts. Therefore, while you can be engaged in a variety of different trading activities unconnected to each other, all the activities will weigh in the financial favor of your accounts.

Here’s a breakdown of the differences between master accounts and sub-accounts:

You own personal command center

For the management of all your sub-accounts we’ve created a Command Center where you will find everything you need in one place. Here you can control and audit the sub-accounts you have under your master account and create new sub-accounts by linking them to email addresses that have not yet been registered with HitBTC. Additionally, this is where you will find the cumulative account balance of all subsidiary accounts displayed in BTC or USD.

Account management and reports

With the master account you will have access to the balance sheet of each of your subsidiary accounts. This will give you details on transfers, withdrawals, and deposits as well as an overview of recent account activity. The Reports section of the Command Center will give you order, transaction, deposit, and withdrawal information on all accounts, including the master, broken down by the account. Additionally, this is where you will find a summary for all sub-accounts.

Security

The way security works for sub-accounts maximizes the security for all parties involved. Each sub-account will have its own API keys which will be accessible only to the individual sub-account and the master account. You can freeze sub-accounts or only withdrawals for them, transfer balances, and remove keys from your master account.

Saving advantages

Transactions that occur between a master account and a sub-account occur off-chain and are therefore free.

KYC

Only master accounts have to undergo the KYC procedure. This means that, upon creation, sub-accounts already meet the KYC requirements and do not have to go through the verification process.

Get Started

Right now the Sub-Accounts feature is available upon request. To get started, head over to the Sub-Accounts tab. Once your request has been approved, you can enjoy the full functionality of this feature. Please note that only new accounts, with email addresses that have not yet been linked to HitBTC can be added as sub-accounts.

HitBTC’s comment on the latest Bitwise report

Different exchanges have different customer profile. HitBTC is among the first cryptoexchanges to offer low-latency institutional grade (FIX) trading API. This is why the client profile of HitBTC differs from that of unmentioned but implied ‘reference exchanges’.

Algo trading implies trading in small order sizes with extremely high frequency in order to take advantage of very short-term market movements that happen in millionths of a second and are therefore undiscernable to human traders.

HitBTC has managed to attract many institutional participants contributing to institutional (read mass) adoption and market efficiency. This, in turn, has resulted in different order size – order frequency relationship. To many lacking sophistication and financial literacy, this does seem like an anomaly that these gifted individuals attempt to portray as manipulative trading practices while in fact, this does represent solely the client profile. Note that our overnight volumes are consistent with the day-trade pattern: unlike humans placing round digit orders and having to eat and sleep, machines don’t sleep and react consistently on emerging market patterns.

To put it simply: HitBTC is among the most technologically advanced digital asset trading platforms. Our technology sets us aside from the majority of our industry peers. This, in turn, facilitates institutional participation. Institutional traders rely on sophisticated trading practices rooted in HFT (High-Frequency Trading) domain. The trading strategies employed by such institutions are markedly different from those utilized by the retail (manual) traders. This difference is reflected, among other dimensions, in different order frequency – volume patterns. People who don’t possess sufficient diligence and/or expertise in finance domain might get confused and tangled with the message they manage to discern from the data they happen to possess. This results in them reaching wrong conclusions that are ought to mislead the general public when spilled in the public space.

System Updates — Lot Size Changes

Dear Traders,

This week we will be performing another series of upgrades in order to provide improved lot sizing to our users.

The changes being made have a broad impact, affecting roughly 50 pairs and will require a brief period of downtime for all pairs while we restart our matching engine.

The release will occur in two steps:

  1. We will restart the HitBTC matching engine, during which time users will see 2-3 minutes of trading downtime on the platform and API requests may time out.
  2. Updates (documented below) will be made to a large number of instruments. This will require approximately 5 minutes of downtime for each of the listed pairs while these updates occur. You will not be able to place or cancel orders on these pairs during this short maintenance period. API users may also receive a “Symbol not found” response on these pairs during this time.

As with previous updates to instruments lot sizing:

  • In order to guarantee correct execution behaviour for the orders during and after the update, we will be canceling the current orders and booking a replacement via an atomic transaction.
  • All order parameters will be preserved through the update and users will not see any behavioural differences in order execution or future updates to these orders.
  • Users will be notified of this cancel/replace transaction through an Execution Report for each order. The cancellation of the original order and the replacement will also be visible to users querying their order history via API or via the Cancelled and Filled Orders widget.

If you have any questions or queries, please reach out to our support team at support@hitbtc.com

For your convenience, we will inform you of the exact pairs and markets 3 hours and 15 min before the procedure via Twitter and Web notifications.

Expected works schedule:
24 January, between 12.00 UTC and 15.00 UTC

Symbol Old step New step Old lot New lot
ADA/BTC 0.00000001 0.000000001 100 1
ADA/ETH 0.0000001 0.000000001 100 1
ADA/USD 0.000001 0.0000001 100 1
BCHABC/BTC 0.0001 0.000001 0.01 0.0001
BCHABC/USDT 0.01 0.001 0.01 0.0001
BCHSV/BTC 0.00001 0.000001 0.01 0.001
BCHSV/USDT 0.001 0.0001 0.1 0.001
BTC/USDT 0.01 0.01 0.01 0.00001
DASH/ETH 0.000001 0.000001 0.01 0.001
EOS/ETH 0.000001 0.0000001 0.01 0.01
ETC/ETH 0.000001 0.0000001 0.01 0.01
ETH/BTC 0.000001 0.000001 0.001 0.0001
ETH/USDT 0.01 0.001 0.001 0.0001
ETH/DAI 0.01 0.001 0.0001 0.0001
IOTA/BTC 0.00000001 0.000000001 10 0.1
IOTA/ETH 0.0000001 0.00000001 10 0.1
IOTA/USDT 0.000001 0.000001 10 0.1
NEO/BTC 0.00001 0.0000001 0.1 0.01
NEO/ETH 0.0001 0.0000001 0.1 0.01
NEO/USDT 0.01 0.00001 0.01 0.01
NEO/EOS 0.0001 0.00001 0.1 0.01
OMG/BTC 0.00000001 0.00000001 1 0.01
OMG/ETH 0.0000001 0.0000001 1 0.01
OMG/USDT 0.000001 0.000001 1 0.01
QTUM/BTC 0.00000001 0.00000001 1 0.01
QTUM/ETH 0.0000001 0.0000001 1 0.01
QTUM/USDT 0.000001 0.000001 1 0.01
STRAT/ETH 0.0001 0.0000001 0.1 0.01
TRX/BTC 0.00000001 0.0000000001 1000 1
TRX/ETH 0.0000001 0.000000001 1000 1
TRX/USDT 0.00001 0.0000001 100 1
TRX/EOS 0.0000001 0.00000001 100 1
XDN/BTC 0.0000000001 0.00000000001 100 10
XDN/ETH 0.0000001 0.0000000001 100 10
XLM/BTC 0.00000001 0.000000001 100 0.1
XLM/USDT 0.000001 0.000001 100 0.1
XLM/ETH 0.0000001 0.00000001 100 0.1
XMR/BTC 0.000001 0.000001 0.01 0.001
XMR/USDT 0.01 0.0001 0.001 0.001
XMR/ETH 0.000001 0.000001 0.01 0.001
XMR/EOS 0.001 0.0001 0.01 0.001
XRP/BTC 0.00000001 0.000000001 1 0.1
XRP/ETH 0.00001 0.00000001 1 0.1
XRP/USDT 0.0001 0.000001 1 0.1
XRP/DAI 0.0001 0.000001 1 0.1
XRP/EURS 0.0001 0.000001 1 0.1
XRP/EOS 0.00001 0.000001 1 0.1
XVG/BTC 0.00000001 0.0000000001 1000 10
XVG/ETH 0.0000001 0.0000000001 1000 10
XVG/USDT 0.000001 0.00000001 1000 10
ZEC/ETH 0.000001 0.000001 0.01 0.001
ZEC/EOS 0.001 0.0001 0.01 0.001

HitBTC will support the upcoming Ethereum (ETH) Constantinople hard fork

Dear traders,

HitBTC will support the upcoming Ethereum (ETH) Constantinople hard fork. It includes five separate Ethereum Improvement Proposals (EIPs) and is taken as a step to transit from the Proof of Work (PoW) protocol to a more energy efficient Proof of Stake (PoS) consensus algorithm. As expected, this update will make the ETH network faster and less costly to operate.

Please leave sufficient time for deposits to be processed in full prior to the block height shown below. We will handle all the technical requirements involved for all users holding Ethereum in their HitBTC accounts, please be assured that funds will be safe.

We have always supported all the significant forks, endorsed by the community and oriented towards improving the blockchain ecosystem. We were amongst the first to support BCH and ETC forks, and users can be assured that their accounts will be credited for the different forks if any occurs.

For more details, please refer to the Ethereum meeting at: bit.ly/2BWTJPH

Hard Fork Block Height: 7,080,000

Estimated Time: Between 2019/01/14 and 2019/01/18

Please follow our blog for more news and official announcements!

We thank you for your support and for using our service.

TUSD smart contract address update

Dear traders,

TUSD (TrueUSD token) will be upgrading its smart contract at 3:00 UTC of January 4th. The new TUSD address will be 0x0000000000085d4780B73119b644AE5ecd22b376.

To upgrade the contract, TrueUSD will use their DelegateERC20 feature. The old contract will continue to function with zero downtime; however, after the upgrade, ERC20 events will only be emitted from the new contract. This means that HitBTC and other exchanges and apps that rely on ERC-20 events will upgrade to the new contract address. Specifically, we rely on Transfer events to process transactions.

In other words, both TUSD contracts, old and new, will keep working and affect the same balance entities; but each contract will emit its own Transfer events, and we cannot automatically process payments from two different contracts for the same currency.

What does this mean for users?

  1. If you use your own ETH wallet, please update the contract address you use to make TUSD transactions. Check TUSD’s official announcement if you have any questions about this.
  2. If you use a 3rd party service, please ask your service provider to upgrade the TUSD contract they use.
  3. If you cannot find a deposit you made, check whether you may have used the old address by accident. If so, please contact their support center. No user’s balance should be affected because of this upgrade.
  4. There might be a deposits/payouts downtime of 15 minutes on our side; we need to make sure that the contract swap went smoothly.

Remember: the new TUSD address is 0x0000000000085d4780B73119b644AE5ecd22b376.

Thank you for reading, and happy trading!

HitBTC 2018 Review

2017 was the year of the amazing bull run; the year the value of Bitcoin grew 1,950%; from $974 to $20,000. Not the year of mass adoption, but certainly the year that blockchain and cryptocurrencies crossed over into mainstream awareness. And the latter is – though admittedly less exciting – a prerequisite for the first.

But that was last year. Today, as end-of-year analyses begin to populate blogs and news portals, we search for an appropriate title for 2018. The year of the disquieting bear market? The year of regulatory backlash? The year of correction?

We cannot claim to have the definite title for 2018. But, in this post, we do look back on some of the events that sculpted the crypto financial year, reflect on what awaits us in 2019, and leave any title searching up to you. What will the year 2018 go down as in crypto history?

Continue reading

System Updates – Lot Size Changes

To allow existing orders to support the new lot size granularity, we will be making an update to every order currently active in each market.

To make this update and guarantee correct execution behaviour for the orders during the update, we will be canceling the current orders and booking a replacement via an atomic transaction.

All order parameters will be preserved through the update and users will not see any behavioural differences in order execution or future updates to these orders.

Users will be notified of this cancel/replace transaction through an Execution Report for each order. The cancellation of the original order and the replacement will also be visible to users querying their order history via API or via the Cancelled and Filled Orders widget.

These changes have already been made successfully for all EOS markets. For orders in these markets, users will have seen the behaviour described above and should have already received their Execution Reports for orders.

The final phase of the update, which will allow users to execute orders in the new lots sizes, will take place December 29, 17.30 UTC.
The new lot sizes and price steps will be:
LTC/BTC: lot 10-3 LTC, step 10-7 BTC
LTC/ETH: lot 10-3 LTC, step 10-6 ETH
LTC/USDT: lot 10-3 LTC, step 10-4 USDT
DOGE/BTC: lot 10 DOGE, step 10-10 BTC
DOGE/ETH: lot 10 DOGE, step 10-8 ETH

During the final phase of the update, pairs under maintenance will be unavailable for approximately 5 min. You will not be able to place or cancel orders on these pairs during this short maintenance period. API users might also receive a “2001: Symbol not found” response on these pairs during this period.

Should you not see this behaviour or if you have any questions or concerns – please reach out to our support team.