The 3Commas cryptocurrency management platform provides access to a number of tools designed to improve overall trading efficiency and effectiveness. The team behind the project aim to help minimize investors' risks, and limit their exposure to losses, while also maximizing their profits.
Central to the service provided is the 3Commas trading bot which operates as a web-based service and works in conjunction with a number of devices and exchanges. The trading bots are pieces of computer software that continuously execute trades based on pre-determined parameters set by the trader.
There are currently over 33,000 traders using the service, and the platform handles over $10m of daily trading volume and the trading bot currently works with approximately 12 exchanges including Coinbase, GDAX, Binance, Bitfinex, and Huobi. As a result, by using 3Commas traders can keep up with various orders on different exchanges, develop more informed trading behaviour, and make use of effective stop losses or take profit trading strategies.