Product Overview of Cryptowatch
Cryptowatch is a comprehensive, browser-based crypto charting platform and multi-exchange trading terminal, designed to cater to the needs of cryptocurrency traders. Owned and operated by Kraken, one of the major U.S. exchanges, Cryptowatch was founded in 2014 by Artur Sapek, Kraken’s director of engineering.
Key Functionality
- Multi-Exchange Trading: Cryptowatch allows users to connect and trade across multiple digital asset exchanges from a single interface. This includes over 28 exchanges, such as FTX, Binance, HTX, and Kraken, enabling seamless trading without the need to switch between different exchange platforms.
- Real-Time Market Data: The platform provides real-time market information, including live price updates, order books, and market trends, directly from the exchanges through their APIs. This data covers over 4,000 different markets.
- Customizable Dashboards and Charting Tools: Users can create their own trading dashboards, customize charts, and utilize a range of technical indicators such as Moving Averages (MAs), MACD, RSI, and Bollinger Bands. This allows for in-depth technical and fundamental analysis of market trends.
- Portfolio Tracking: Cryptowatch enables users to track their cryptocurrency portfolios across multiple exchanges in real-time. Users can view their trade history, orders, and positions on the Portfolio page, providing a comprehensive overview of their trading activity.
- Alert System: The platform offers a robust alert system, allowing users to set price, volume, and technical analysis alerts. These alerts can be received via email or SMS, ensuring users stay informed about important market movements.
- Community Interaction: Cryptowatch features the TrollBox, a real-time chat function where traders can interact with each other, share strategies, and gain community insights. Additionally, users can integrate social media feeds to stay updated on market news and sentiment.
Additional Features
- Mobile App: Cryptowatch has a mobile app that allows users to trade and monitor their portfolios on the go. The app provides real-time market information, trading capabilities across multiple exchanges, customizable alerts, and portfolio management features.
- API and Integration: The platform offers various APIs, including REST API and WebSocket API, which allow users to link Cryptowatch with other platforms and access real-time data on trades, order books, and other metrics. Zapier integration is also available for cross-app automation.
- Flexible Pricing Model: Cryptowatch has adopted a flexible à la carte pricing model called Credits, where users can purchase credits to use various services such as email/SMS alerts, API requests, and WebSocket API access. This model replaces traditional SaaS-style price tiers, offering a more dynamic user experience.
User Experience
Cryptowatch is designed with a minimalist and user-friendly interface, making it accessible for both novice and experienced traders. The platform’s simplicity and comprehensive suite of tools ensure that users can gain in-depth insights into market movements and manage their trading activities efficiently.
In summary, Cryptowatch serves as an all-in-one control center for cryptocurrency trading, offering a wide range of features that enhance trading efficiency, portfolio management, and market analysis. Its integration with multiple exchanges, real-time data, customizable dashboards, and community interaction tools make it a valuable resource for cryptocurrency traders.