Hodl Hodl has launched the first part of the exchange’s API today, December 13, 2019.
The new API release will allow any website or application to display offers from Hodl Hodl, best known for its peer-to-peer (P2P) structure that allows it to operate without holding user funds. This will help the bitcoin exchange’s offers to gain greater exposure, which might translate into more trading activity and increased demand for the listed bitcoin. Furthermore, Hodl Hodl users will be empowered to create, edit and update their offers through the API, so they don’t necessarily have to open the exchange’s website in order to benefit from its features.
“The API was developed due to the high demand from OTC [over-the-counter] brokerage desks. It will allow other services such as wallets and different types of aggregators to include Hodl Hodl in their offering. Obviously, this will increase our popularity,” Hodl Hodl CEO Max Keidun[1] told Bitcoin Magazine.
In addition to these features, a list of countries, currencies and payment methods supported on the exchange will also get published. The information was already available to everyone who visited the Hodl Hodl website, but the new open-sourcing makes it more accessible and easier to integrate into applications.
Venezuelan bitcoin exchange rate calculator Yadio[2] is the first service to integrate Hodl Hodl’s API, with Bitcoin and Lightning wallet BlueWallet[3] working on an integration as well. As a way of increasing use and extending functionality, other wallets, aggregator websites and even automated trading applications can easily find beneficial uses for Hodl Hodl’s code.
“Our ideal partners are those who understand the value proposition of Hodl Hodl,” said Keidun. “I think the main use cases for our API are OTC trading desks, bitcoin wallets and aggregators. For
