0x Rolls Out New Line of APIs
• Exchange infrastructure provider 0x is releasing a new set of application programming interfaces (APIs) to provide crypto developers with tools to build financial products.
• The new project includes five APIs, such as the “Swap API” and “Tx Relay API”, which will help improve trading and user experience.
• 0x co-founder Will Warren stated that the platform is aimed at providing professional-grade tools to institutions.
Background Information
Exchange infrastructure provider 0x is rolling out a new set of application programming interfaces (APIs) designed to provide crypto developers with tools to build financial products for fast trading, better prices and an improved user experience. The Thursday announcement “represents a big shift for us,” explained 0x co-founder Will Warren in an interview with CoinDesk.
Features & Benefits of APIs
The new project includes five APIs, among them “Swap API”, which connects developers to more than 100 exchanges, and “Tx Relay API”, which enables trades without gas fees. An API is a channel that allows two computers or software systems to communicate with one another. According to Warren, the platform is aimed at providing professional-grade tools to institutions and helping provide better pricing on decentralized exchanges (DEXs).
Quotes from Co-Founder
Will Warren commented: “Decentralized exchanges technology has been a constant arms race to provide better pricing…Now there are a bunch of different aggregators and meta aggregators and providing the very best pricing and best execution is just something that is constantly a challenge because the competition isn’t resting and neither are we.”
Conclusion
0x’s newly released line of APIs provides developers with access to efficient tools that can be used to build financial products on crypto rails. These features help improve trading speed and user experience while enabling trades without gas fees. With its professional grade tools, this platform helps level up competition between decentralized exchanges by providing better pricing solutions for users.