Liquid API

Founded in 2014, Mike Kayamori and Mario Gomez-Lozada created Liquid cryptocurrency exchange. The exchange, headquartered in Japan, is now one of Asia’s largest and most popular cryptocurrency exchanges. You can access trading services for cryptocurrencies, fiat currencies, and security tokens. A reputation is attributed to it because of its low fees, fast transaction processing, and high level of security.

One key feature is its employment of APIs, or application programming interfaces. Integration of developers’ own software with the exchange is made possible through APIs. Accessing real-time market data and executing trades automatically is made possible through this functionality. This is particularly beneficial for high-frequency traders who need to make immediate decisions based on current market information.

Developers have access to many APIs. These include:

The exchange can be traded on programmatically by developers utilizing this API. This stands out for its support of many order types – from limit to market to stop. The trading of assorted cryptocurrencies and fiat currencies is possible using it.

This API offers real-time market data for various cryptocurrencies. Price data, order book information, as well as trading volume information are encompassed. The development of their own trading algorithms is made possible for developers by using this data. Their own websites or applications can also display up-to-date market information using it.

Interacting programmatically with the wallet is possible for developers through this API, which allows them to generate new addresses and manage wallets. Send and receive cryptocurrency using this API is also possible for developers.

The company ensures the protection of its users’ assets by implementing various measures as it strongly values security. These include:

Users must configure two-factor authentication (2FA) using either SMS verification or Google Authenticator as per policy. The inclusion of an extra layer of security assists with safeguarding user accounts and reducing unauthorized access.

The company stores most of its users’ assets in cold storage. The lack of internet connection makes this device less vulnerable to hacking attempts.

Liquid utilizes multi-signature wallets. Before executing a transaction, multiple parties should endorse it. This prevents unauthorized access. Compromise of one party does not compromise the safety of users’ assets.

Despite experiencing these measures, the company has encountered security incidents previously. Approximately $80 million worth of cryptocurrency was lost due to a security breach the exchange suffered in November 2018. A Liquid hot wallet vulnerability resulted in the breach. The transfer of funds was enabled for an attacker. To prevent similar incidents from occurring in the future, Liquid has added additional security measures.