Hi team, any ETA on the Binance module being ready in the production?
here are few quant+fundamental reasons to prioritize it :) (though as always, I appreciate everything you have built here in quantconnect, it is a game changer for retail quants)
Quantitatively, Binance has the biggest universe. And if one does cross-sectional analysis (ranking of coins), it only makes sense with a big universe. Also similar to Equities, the easiness to capture alpha is strongly correlated with the market cap size of the coins (esp as crypto becomes more mature as an asset class). Hence it is much easier to generate good alpha in the smaller coin space. And unlike smaller cap quities, smaller coins (depending on your definition) have plenty of liquidity to justify paying for few nodes on quantconnect.
Fundamentally (you can ignore this argument, as it is less scientific) as every dog on the planet is creating crypto arts and want to become the next billionaire, history tells us that the party is probably coming to an end soon. Hence a bit of urgency to capture the last bit of free alpha before the party stops?
Derek Melchin
Hi Zicai,
Thanks for the feedback. We should have support for Binance within the next month or two with a CCXT Pro connection which will unlock 28 exchanges for crypto.
Best,
Derek Melchin
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Zicai Feng
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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