Hummingbot Partners with Exchange for Community-Based Market Making & Gitcoin Bounty

Hummingbot Partners with Exchange for Community-Based Market Making & Gitcoin Bounty

Blog » Hummingbot Partners with Exchange for Community-Based Market Making & Gitcoin Bounty

Carlo P. Las Marias

October 28, 2019 · 2 min read

Hummingbot is excited to announce that it has partnered with Exchange (“BCE”), the new cryptocurrency exchange launched by the world-renowned in September, to integrate Hummingbot with the exchange.

This integration will enable BCE's account holders to deploy Hummingbot’s quantitative and algorithmic strategies to engage in automated trading. This exchange integration also paves the way for future Hummingbot-powered liquidity rewards programs on BCE.

“We are thrilled to partner with to give algorithmic trading superpowers to anyone who trades on their exchange, unlocking a new class of trading experience for account holders.
Meanwhile, for token issuers listed on the exchange, Hummingbot-powered trading reward programs finally provide an alternative to expensive market makers, by empowering their communities to provide measurable, beneficial liquidity by running Hummingbot.”

- Michael Feng, Co-Founder and CEO of Hummingbot.

Gitcoin Bounty for Exchange Connector

Promoting the Open Source Community

As part of our partnership, we have announced a Gitcoin bounty to source a developer from the community to work closely with the Hummingbot and BCE teams in order to develop an exchange connector. Details of the Gitcoin bounty can be found here: Bounty for Hummingbot / BCE.

This bounty is part of our ongoing initiative to promote and encourage developers from the community to contribute to Hummingbot’s open source code base. The developer chosen for this award will have the opportunity to gain experience in developing a quantitative, algorithmic, high-frequency trading bot.

About Exchange

BCE’s mission is to empower all users to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support, and dozens of trading pairs complemented with high security, Exchange offers an attractive platform for trading any cryptocurrency. Within two months of launch, the exchange has already onboarded 18,000 users and continues to steadily grow. In the near future, the exchange plans to be the first to offer SLP token support enabling SLP developers to easily scale their token projects.

Market Maker Rewards

Upon completion of the BCE exchange connector, Hummingbot and BCE will be launching a market maker rewards program to reward users of Hummingbot for providing liquidity on the exchange.

This new program follows on the success of the Harmony ONE Makers program, which was a big step in demonstrating that community-based, decentralized market making can work.

We are looking forward to being able to offer similar programs in the near future for token issuers who have listed on Exchange as an alternative way to promote liquidity and trading efficiency in their tokens.

Additional Information

For additional information, please navigate to the following pages:

🤓 Developers: if you are interested to work on this bounty, please reach out to the Hummingbot team on Discord or view the bounty on Gitcoin.

🏛 Token issuers: if your token is listed on BCE or on any of the exchanges that Hummingbot is integrated with, please contact the team at to learn more about our liquidity rewards programs.

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