Poloniex API

Poloniex is a cryptocurrency exchange founded in 2014 by Tristan D’Agosta. The company is based in the United States and has become one of the most popular cryptocurrency exchanges in the world. Poloniex offers a range of trading services for cryptocurrencies, including spot and margin trading, as well as lending and borrowing services.

Poloniex provides a range of APIs that enable developers to integrate their own software with the Poloniex exchange. These APIs allow developers to access real-time market data, execute trades programmatically, and manage their own user accounts. Poloniex provides a range of APIs for developers to use, including:

Trading API: This API allows developers to execute trades on the Poloniex exchange programmatically. It supports a wide range of order types, including limit orders, market orders, and stop orders, and can be used to trade a variety of cryptocurrencies.

Market Data API: This API provides real-time market data for a range of cryptocurrencies, including price data, order book data, and trading volume data. Developers can use this data to build their own trading algorithms or to display up-to-date market information on their own websites or applications.

Account API: This API allows developers to manage their own user accounts on the Poloniex exchange programmatically. This includes creating and managing sub-accounts, checking account balances, and viewing transaction history.

Poloniex’s technical setup is designed to ensure that the exchange can handle large volumes of trades and provide fast order execution times. Poloniex uses a multi-tier architecture, which is designed to ensure high scalability and reliability. The exchange also uses a number of technologies to improve order matching and reduce latency, including memory-mapped databases, high-performance networking, and distributed load balancing.

In terms of security, Poloniex takes the protection of its users’ assets very seriously. The exchange employs a range of security measures to protect user funds, including two-factor authentication (2FA), SSL encryption, and cold storage for the majority of user funds. Poloniex also employs a team of security experts to monitor the exchange for any potential security threats and to implement new security measures as needed.

However, Poloniex has suffered from some security incidents in the past. In March 2014, the exchange suffered a security breach that resulted in the loss of approximately 12.3% of its Bitcoin holdings. The breach was caused by an attacker exploiting a vulnerability in the exchange’s hot wallet system. Poloniex responded quickly to the breach, suspending all withdrawals from the exchange until the vulnerability could be fixed and user funds could be secured.