Trade on ProBit using Axon Trade FIX API

Trading

The trading session offers a rich set of commands for building a reliable trading application, strategy, or platform. You can open, cancel, or modify orders, request open orders, balances, and positions, and receive notifications in real-time about trading-related events.

List of supported FIX commands on ProBit:

NewOrderSingle

OrderCancelRequest

OrderCancelReplaceRequest

RequestForPositions

MassOrderStatusRequest

TradingSessionStatus

Market Data

Axon Trade also provides real-time normalized market data from ProBit in FIX 4.4 format. The data contains full book updates (L2) + trades and is presented as a full book snapshot followed by a series of incremental updates.

Founded in South Korea in 2018 by CEO Hyunsu Do and CTO Steve Woo, ProBit has evolved from a regional exchange into a global cryptocurrency trading platform. Now divided into two operations—ProBit Korea, serving South Korean residents, and ProBit Global, catering to users across 190+ countries—the exchange has successfully grown its user base to over 3 million and boasts a daily trading volume exceeding $649 million. With its diverse service offerings, ProBit has built a reputation as a secure, user-friendly exchange for both beginner and advanced traders.

Key Features and Services

1. Broad Cryptocurrency Support

   ProBit stands out for its wide range of supported assets, with over 340 cryptocurrencies available across nearly 600 trading pairs. From mainstream coins like Bitcoin and Ethereum to newly emerging altcoins, ProBit is well-suited for users who want to diversify their portfolios with hard-to-find tokens. This extensive selection of assets allows traders to take advantage of new market opportunities and explore investments beyond the most common digital currencies.

2. User-Friendly Interface and Accessibility

   The platform’s interface is designed to be straightforward and intuitive, appealing to both novice and seasoned traders. ProBit’s website features a well-organized menu, clear input fields for quick trading, and customizable layouts for a tailored user experience. ProBit also offers mobile apps for iOS and Android, making it easy for users to manage their accounts and trades on the go. Additionally, the platform supports over 40 languages, underscoring its commitment to accessibility for a global audience.

   ProBit’s trading dashboard includes advanced charting tools, customizable indicators, and real-time market data, all of which are free to access. Unlike some exchanges, ProBit does not require users to subscribe to a paid plan to access these features, making it an attractive option for those looking to analyze markets without additional fees.

3. Flexible KYC Requirements

   ProBit offers a tiered Know Your Customer (KYC) verification system, allowing users flexibility in how much personal information they provide. Level 1 KYC only requires email verification, enabling users to deposit, trade, stake, and withdraw up to $5,000. For those looking to increase their withdrawal limits to $500,000 and access additional benefits such as airdrops and Initial Exchange Offerings (IEOs), Level 2 verification is required, which involves providing basic personal details and ID verification.

   This approach to KYC has earned ProBit positive feedback from users who value privacy. However, certain features, such as trading competitions and airdrops, require Level 2 verification, aligning ProBit with regulatory standards while still offering a degree of anonymity for casual traders.

4. Enhanced Security Protocols

   Security is a top priority for ProBit. The platform employs multiple layers of security to protect user accounts and funds, including:

   • Two-Factor Authentication (2FA): ProBit users can enable 2FA for added account protection, requiring a secondary code along with their password for each login.

   • FIDO Security Keys: As an additional security measure, ProBit supports FIDO security keys, physical devices that add an extra layer of defense against unauthorized access.

   • Cold Wallet Storage: The majority of ProBit’s assets are stored in cold wallets, which are not connected to the internet, significantly reducing the risk of hacks.

   • Advanced Encryption: User data and wallet keys are encrypted using industry-standard algorithms, adding multiple levels of protection to sensitive information.

   • Bug Bounty Program: In collaboration with HackenProof, ProBit has launched a bug bounty program, incentivizing security researchers to identify and report vulnerabilities in exchange for rewards ranging from $50 to $10,000.

5. Staking and PROB Token Benefits

   ProBit’s native token, PROB, plays a significant role in its ecosystem, offering various benefits to users who hold or stake it:

   • Trading Fee Discounts: PROB token holders enjoy reduced trading fees, with discounts increasing in proportion to the amount staked. This feature helps active traders save on transaction costs.

   • Exclusive Access to IEOs: PROB stakers gain priority access and discounted rates when participating in Initial Exchange Offerings (IEOs), allowing them to invest in new projects listed on ProBit.

   • ProBit Exclusive Deals: Through "ProBit Exclusive," users can access significant discounts on popular tokens like BTC, ETH, and USDC. These offers are available periodically and provide additional value for PROB holders.

6. Additional Earning Opportunities

   ProBit provides multiple ways for users to earn rewards on its platform:

   • Airdrop Pass: ProBit occasionally distributes free tokens to users who participate in specific events, such as following ProBit’s social media accounts or completing specific actions. Some of these airdrop events require Level 2 KYC verification.

   • Trading Competitions: ProBit hosts trading competitions, allowing users to showcase their trading skills for the chance to win rewards. Entry to these competitions typically requires a minimum PROB stake.

   • Learn & Earn Modules: ProBit’s "Learn & Earn" program incentivizes users to complete educational courses and quizzes on crypto topics. Correct answers earn participants rewards, providing an engaging way to deepen crypto knowledge while earning additional tokens.

Trade on ProBit with Axon Trade

For users looking to enhance their trading experience on ProBit, Axon Trade provides a valuable integration. Axon Trade’s FIX API offers direct, efficient access to ProBit’s extensive markets, enabling rapid trade execution and precise order management. This is especially useful for traders managing large or complex portfolios, as Axon Trade’s normalized market data provides critical insights into price trends and market conditions in real time.

With Axon Trade, ProBit users benefit from advanced order and position management tools, allowing them to track trades with accuracy and manage high-frequency trading activities seamlessly. Whether focusing on specific assets or diversifying across ProBit’s extensive range of cryptocurrencies, Axon Trade optimizes the trading experience, making it a suitable choice for both retail and institutional clients on the ProBit platform.