What is the difference between Websockets and FIX?
Could you please elaborate on the fundamental differences between Websockets and FIX protocols in the realm of cryptocurrency and financial trading? How do they vary in terms of their use cases, performance capabilities, and the kind of data they are designed to transmit? Additionally, which one might be more suitable for high-frequency trading or real-time market data streaming, and why? Understanding these nuances could help traders and developers make informed decisions when selecting a communication protocol for their financial applications.
What is coingecko WebSockets API?
Could you please explain what the Coingecko WebSockets API is and how it functions? I'm interested in understanding how it differs from traditional APIs and what benefits it offers for real-time cryptocurrency data streaming. Is it reliable and secure for use in financial applications? Additionally, are there any specific use cases or industries where the Coingecko WebSockets API is particularly useful?