An exchange is a key infrastructure in the financial marketplace that allows users to buy, sell and exchange assets. Let's take a look at what an exchange is and why it plays an important role in our service.
What is an exchange?
A cryptocurrency exchange is an online platform where users can buy, store and exchange cryptocurrencies.
An exchange account is an analogue of a bank account where you store your funds and make exchanges, transfers, investments, etc. To perform such operations with cryptocurrency, you need to have an account on one of the cryptocurrency exchanges.
Why do I need an exchange?
An exchange is needed to perform the following tasks:
1. Market access. Exchanges allow you to easily enter the cryptocurrency market, giving you access to hundreds of assets. This is particularly important as the JJO35 index contains 35 coins.
2. Provide liquidity (supply and demand). The exchange connects buyers and sellers, ensuring that you can quickly buy or sell assets at the market price.
3. Storage. Exchanges provide storage space for users' assets. All transactions take place on the exchange side and users can track transactions in real time.
4. Technology integration. Services such as ours connect to exchanges via APIs (Application Programming Interface). This allows automatic management of the user's portfolio: buying, selling or rebalancing assets.
How does the stock market interact with J'JO?
Our service uses APIs to connect users to stock markets. This makes it possible to automate the investment process. Here's how it works:
- API authorization: A user grants access to his stock exchange via API keys. This is a secure way of interacting as our service does not store any money.
- Purchase automation: The service determines which cryptocurrencies to buy according to the index strategy and executes the transactions through the user's exchange.
- Asset storage: All assets remain on the user-managed exchange. This increases transparency and security as J'JO does not take money for safekeeping and cannot withdraw it from your exchange.
Conclusion
An exchange is an indispensable tool for dealing with cryptocurrencies, providing market access, liquidity and security. J'JO effectively utilizes users' exchanges through APIs, allowing them to invest automatically, conveniently and transparently. Through this approach, users get the best experience with cryptocurrency assets while maintaining control over their funds.