The latter is a secure authentication mechanism that uses cryptographic hash algorithms and API keys.<\/strong><\/p>\nWhen done with the authentication process, the WebSockets private data feed will be ready to handle the user’s private data together with their trading actions.<\/p>\n
The first two messages to hit the user’s inbox once everything is set will contain the client’s Trades and open Orders. The latter will open orders while the former will list info on the last 50 trades.<\/p>\n
However, in both instances, the API will forward info on updates when new orders are initiated, but down the line, Kraken exchange will add two more messages. Soon Kraken will add cancel and add order feature.<\/p>\n
Through the latter two, users will be able to add orders faster and also be able to cancel orders quickly. With the WebSockets private data feed now available, Kraken customers can initiate trades quickly.<\/p>\n
\n
\n","protected":false},"excerpt":{"rendered":"
On October 1st, 2019, Kraken crypto exchange made headlines after it released its WebSockets Private Application Program Interface (API) on beta mode. However, it is no longer in beta mode since Kraken just made it available to all of its customers.<\/p>\n","protected":false},"author":5,"featured_media":19209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,102,74],"tags":[4742,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/19207"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=19207"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/19207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/19209"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=19207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=19207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=19207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}