How does web socket port enhance the efficiency of cryptocurrency exchanges?

3 answers

• Miguel AngelJan 14, 2023 · 3 years ago
  Sure! The use of web socket port in cryptocurrency exchanges allows for real-time communication between the exchange and the users. This means that the exchange can push updates and data to the users instantly, eliminating the need for constant refreshing or manual updates. As a result, traders can receive up-to-date information on market prices, order book changes, and trade execution without any delay. This real-time communication greatly enhances the efficiency of cryptocurrency exchanges by providing traders with accurate and timely information for making informed trading decisions.
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• Shivam KhandelwalJan 15, 2025 · 6 months ago
  Web socket port is a game-changer for cryptocurrency exchanges! It enables a two-way communication channel between the exchange and the users, allowing for instant data transmission. This means that traders can receive real-time updates on market prices, order book changes, and trade execution without any delay. With web socket port, traders no longer need to rely on periodic API calls or manual refreshing to stay updated. This significantly improves the efficiency of cryptocurrency exchanges and provides traders with a seamless trading experience.
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• dukkesMar 17, 2021 · 4 years ago
  Web socket port is a key component in enhancing the efficiency of cryptocurrency exchanges. It enables a persistent connection between the exchange and the users, allowing for real-time data transmission. This means that traders can receive instant updates on market prices, order book changes, and trade execution without any latency. With web socket port, traders can make faster and more informed trading decisions, leading to improved efficiency in executing trades. It's no wonder that many cryptocurrency exchanges have adopted web socket port to provide their users with a more efficient trading experience.
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