Online Trading Infrastructure With Direct Bot Integration
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Solution Overview
Problem
Current online trading systems for cryptocurrencies are laborious, require extensive user intervention, and pose security risks due to manual handling of API keys, with complicated onboarding and integration processes for trading bots.
Innovation Solution
An IT infrastructure that directly connects an online intermediation platform with an automatic trading robot unit, allowing secure, automated trading operations without user intervention, using direct API key transmission and integrated onboarding within the platform.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If users manually handle API keys to connect exchange platforms with trading bots, then integration between platforms is achieved, but security risks increase and operation complexity increases
Solution Approach 1:
The patent introduces an intermediary connection mechanism where the exchange platform and bot provider platform establish direct communication channels. Instead of users manually sharing API keys, the system uses platform-to-platform authentication and authorization protocols. The exchange platform acts as an intermediary that securely transmits necessary credentials through encrypted channels, eliminating the need for users to directly handle sensitive API key data.
2Extent of automation
If users manually integrate trading bots with exchange platforms, then automated trading functionality is enabled, but operation time and complexity increase
Solution Approach 1:
The patent implements preliminary action by pre-configuring authentication mechanisms and connection protocols between exchange platforms and bot provider platforms. During the initial platform setup, security credentials and communication channels are established in advance. When a user wants to use automated trading, the integration is already prepared and can be activated through simple platform-to-platform handshakes, eliminating the need for users to perform time-consuming manual integration steps.
3Adaptability or versatility
If users complete separate registration processes on both exchange and bot platforms, then access to both services is obtained, but onboarding complexity and time increase
Solution Approach 1:
The patent merges the registration and authentication processes of the exchange platform and bot provider platform into a unified flow. Users complete a single registration process on the exchange platform, and through the established platform-to-platform connection, their account is automatically recognized and linked to the bot provider platform. This eliminates the need for separate registrations and reduces onboarding complexity while maintaining secure access to both services.
Data Source
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Figure 2
AI summary
IT infrastructure (2) for online trading of transferable securities, preferably crypto-assets and/or other transferable securities, characterized by comprising: - at least one device (3) managed by a corresponding user (30), - an online intermediation platform (4), - a unit (5) supplying at least one automatic trading robot (6), and by comprising: - first means of communication (7) between the online intermediation platform (4) and the unit (5), to thus allow data communication between the platform (4) and the unit (5) in a direct way, - second means of communication (8) of the device (3) with the online intermediation platform (4), to thus allow the user (30) of the device (3) to access and/or interface with the online intermediation platform (4). and by the fact that said online intermediation platform (4) is configured to communicate directly to the unit (5) data and/or interface programs (10) so that said unit (5) supplies a robot (6) capable of carrying out automated trading operations through said platform (4) and/or by interfacing with said platform (4).