Hotcoin Announcement on API Trading Access
HotcoinDear Users,
To enhance the trading experience for both new and existing users, Hotcoin has officially enabled API trading for all users as of March 5, 2025 (UTC+8). Please refer to the following guidelines for API trading access and usage:
API Trading Activation & Usage
All users can apply for API trading by logging into the official website and navigating to "Personal Center - API Management."
The use of API trading must comply with platform regulations. Any form of market abuse, including but not limited to arbitrage through latency exploitation, self-trading, multi-account manipulation, or other unfair trading strategies, is strictly prohibited. Hotcoin reserves the right to restrict or freeze commission settlements for accounts engaging in violations. In severe cases, accounts may be permanently banned.
Hotcoin retains the final interpretation rights over API trading policies, including but not limited to amendments, additions, or cancellations. Please stay updated by following our official announcements.
API Trading Commission Settlement
Commissions earned from API-generated trades, including both standard rebates and self-rebates, will be settled at 65% of the original rebate rate.
High-frequency trading (HFT) definitions and settlement rules also apply to API trading. If an API order triggers HFT conditions, all commissions and self-rebates will be settled at 65% of the rebate rate under HFT rules.
Commission Settlement Example
Assume:
Rebate rate: 20%
API order trading fee: 1,000 USDT
Commission calculation: 1,000 * 20% * 65% = 130 USDT
If the order qualifies as a high-frequency trade (Holding Time < 40 seconds): 1,000 * 20% * 50% * 65% = 65 USDT
Risk Disclaimer
Cryptocurrency trading involves high risk. Users are advised to conduct thorough research and trade responsibly. Hotcoin does not provide guarantees or compensation for any investment activities.
Thank you for your continued support of Hotcoin!
Hotcoin Team
March 19, 2025