Crypto exchange Bitfinex has introduced a new characteristic for its algorithmic trading toolkit, allowing users to test their trading strategies without putting bodily funds at risk.

Bitfinex users can now deploy Honey Framework in their paper-trading sub-accounts. A newspaper merchandise is a false trade that allows users to exercise buying and selling fiscal avails without risking real money.

Paolo Ardoino, Bitfinex's CTO, says the newspaper trading feature is part of his company's effort to democratize finance. He explained:

"The launch of paper trading on the Beloved Framework forms role of our commitment to making powerful trading tools more accessible to the wider customs. This will enable our growing customer base to explore highly sophisticated algorithmic trading strategies."

Honey Framework allows traders and developers to create their own automatic trading strategies and order types. Attainable in both NodeJS and Python, the toolkit is designed to aid users customize their trading experience.

The toolkit allows Bitfinex users to customize their algo strategy to capitalize on rapid fluctuations in the price of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies. The visitor says Honey Framework visitors have more than tripled recently, highlighting the growth in algorithmic trading.

Based on current trading book, Bitfinex is the world's 6th-largest cryptocurrency commutation, according to manufacture information. The platform candy more than than $1.1 billion worth of transactions across 513 markets in the final 24 hours.

Honey Framework is likely to grow in popularity as the crypto bull market place continues to concenter professional person traders and retail investors. Digital assets are now valued at over $1.7 trillion.