Normalized Symbology

The Axon Trade team has built and maintained a database of normalized symbol names and assets in the digital asset trading space. This may sound like a small thing, but once you begin trading across multiple crypto exchanges things quickly start to become complicated. For example, just the ETH/USDT trading pair is represented as follows across these exchanges:

• ethusdt on HUOBI
• ETH/USDT on KRAKEN
• ETHUSDT on BINANCE
• 55 on BITMART

With Axon Trade, you can subscribe to market data updates through our FIX API using the same symbol name – for example, ETH/USDT – for Huobi, Kraken, Binance, Bitmart, and any other Axon Trade supported exchange. More importantly, you can trade over Axon Trade’s FIX using just the ETH/USDT symbol name for all exchanges. All trading messages, all reports – everything is built on top of normalized symbols and assets. Axon Trade has done the hard work of normalizing naming conventions, so you don’t have to.

Today Axon Trade’s database contains 12,659 unique symbols with multiple permutations. This means that you can reach 30+ different digital asset exchanges in almost no time using Axon Trade’s unified FIX API.

Being an active member of the FIX Trading Community, we understand the importance of standardization and are awaiting ISO’s decision regarding a global cryptocurrency naming convention. Whenever it will happen – today, tomorrow, or in two years – our systems are designed in a way that allows easy adaptation for diverse primary naming sources.

Let us know if you would like to try our services with a free, no-obligation trial period!