I made a crypto trading bot that takes advantage of Kucoin listing announcements

As some of you have noticed, new listings tend to spike up quite a bit once they are announced on a big exchange. The aim of this tool is to take advantage of this initial spike, at the moment that the announcement is made, not once the listing is actually trade-able on the exchange.

The reason behind it is that, once the announcement is made, the coin is not immediately trade-able on the exchange, and usually takes a few hours for the exchange to set the listing live.

The tool allows you to take advantage of this by listening to Kucoin announcements, and then placing a trade on gateio. I chose gateio because they are more relaxed with coin listing, although they’re janky af. This means that what Kucoin and Binance WILL list, is probably already listed on there.

I made a similar tool for Binance, and while it does have the potential to be profitable, the script must run on a Tokyo VPS in order to take compete in a more competitive environment.

Using Kucoin announcements instead, seems to be a lot less time-bound in order to be able to make a profit.

Here some of the inital testing results by user busyuqboy:

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https://preview.redd.it/0k32qv61bq381.jpg?width=600&format=pjpg&auto=webp&s=8dc67850ba32a04dee1ea291e39e2619911b4a71

https://preview.redd.it/6cqlep12bq381.jpg?width=600&format=pjpg&auto=webp&s=070650aa116a990a261b818c34c5a8a963c5fe6a

In both of these test cases the algorithm would have actually been able to catch a relatively nice spike. The two locations represent the VPS’ location and speed of execution.

I have started running this in live mode and report back with my results. Wish me luck!

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Here’s a video where I explain all of this in more detail: https://youtu.be/qU8wcBRGihI. If you like this project and want to follow its progress you can always subscribe to my youtube channel 😉

I made the tool open source so that anyone can play around with it if they wish: https://github.com/CyberPunkMetalHead/gateio-crypto-trading-bot-binance-announcements-new-coins

Edit:

Here’s a step-by-step guide on how to set the bot up: https://www.cryptomaton.org/2021/10/17/a-binance-and-gate-io-crypto-trading-bot-for-new-coin-announcements/