What Hummingbot does

Hummingbot is an open source Python framework that enables crypto market makers, algorithmic traders, and developers to design, backtest, and deploy automated trading strategies across centralized and decentralized exchanges. The platform is built on a modular architecture comprising the Hummingbot Client (CLI trading engine), Gateway (DEX middleware supporting Ethereum, Solana, Base, and other chains), Hummingbot API (centralized control plane), and Condor (an April 2026 introduction providing an AI agent harness that connects LLM-powered decision-making to deterministic trade execution). The framework integrates with 300+ exchange connectors, runs on 100,000+ instances globally, and has facilitated over $39B in aggregated trade volume since January 2025. The V2 Strategy Framework offers modular Controllers and Executors for real-time adaptability, while MCP tools enable AI agent integration with the trading stack.

The Hummingbot Foundation, a not-for-profit Cayman Islands Foundation Company established in October 2021 by parent CoinAlpha Inc., maintains the codebase under decentralized governance backed by the HBOT governance token (1 billion total supply, 666.6M circulating as of December 2025). The Foundation operates with a small core team (originally 8 staff, reduced during the 2023 crypto bear market) and is sustained primarily through fee-share agreements with six flagship exchange sponsors (Binance, Hyperliquid, OKX, Gate.io, KuCoin, XRPL), supplemented by bounty administration fees and a loan arrangement with subsidiary Botcamp Inc. The Board of Directors comprises five members elected annually by HBOT token holders, with interim members including Michael Feng (Co-founder, CEO CoinAlpha), Brett Gibson (Partner, Initialized Capital), Arthur Cheong (Partner, Defiance Capital), Gene Cheon (CFO), and Howard Chu (community member).

The business operates a freemium open source GTM model with no licensing fees, monetizing indirectly through exchange fee-share rebates tracked at the API header level, professional services (bounty administration), and Botcamp's fee-based 5-week educational bootcamp (200+ students across multiple cohorts since October 2022). Key customer segments include individual algorithmic traders and quants, professional market makers, developers building on the framework, Botcamp students, and crypto funds requiring multi-agent orchestration with P&L isolation. The ecosystem is distributed via GitHub, Docker, and Condor's Telegram/web dashboard, with no central platform intermediary.

Name

Hummingbot

Legal name

Hummingbot Foundation

Website

https://hummingbot.org

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Hummingbot is an open source Python framework enabling crypto market makers and algorithmic traders to build, backtest, and deploy automated trading strategies across 300+ centralized and decentralized exchange connectors, serving a community of 100,000+ active instances and 16,000+ developers.

Ownership category

akta.pro rank

Product category

Algorithmic Trading Software

NAICS

Software Publishers (5132), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Prepackaged Software (7372)

akta.pro primary industry

Liquidity Infrastructure (RFQ, order-book engines, matching, liquidity-as-a-service) (FSAPADAI)

akta.pro secondary industry

DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD)

Keywords

• Open source crypto trading
• Algorithmic trading framework
• Market making software
• Exchange connectivity APIs
• Decentralized exchange middleware

Headquarters

HQ city

George Town

HQ country

Cayman Islands

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Exchange Fee Share Agreements: Fee share agreements with exchanges and protocols that rebate a portion of fees incurred by Hummingbot users, tracked at the API header level. This is the primary revenue source for sustainability.
2. Bounty Administration: Foundation charges bounty administration fees to administer, review and merge development work performed by bounty contributors
3. Botcamp Educational Revenue: Botcamp Inc, a separate for-profit company, operates educational programs for algorithmic trading using Hummingbot. Foundation maintains loan arrangement with Botcamp.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

Hummingbot Foundation maintains and distributes an open-source Python framework that enables individual traders, developers, and institutions to design, backtest, and deploy fleets of automated crypto trading bots across 300+ centralized and decentralized exchanges. The platform is composed of the Hummingbot Client trading engine, Gateway DEX middleware, Hummingbot API control plane, and Condor AI agent harness, all released free of charge under the Apache 2.0 license and sustained through exchange fee-share partnerships, bounty administration, and Botcamp educational programs.

Product overview

Hummingbot is an open source Python framework for crypto market makers and algorithmic traders, consisting of multiple interconnected products. The core offering includes the Hummingbot Client (CLI trading engine), Gateway (DEX middleware), Hummingbot API (centralized control plane), and Condor (AI agent harness for LLM-powered trading). The ecosystem includes V1 and V2 Strategy Frameworks for different automation levels, Dashboard for GUI-based management, and HBOT governance token for decentralized decision-making. Botcamp provides educational programs, while the Hummingbot Foundation oversees open source maintenance with support from exchange sponsors. All code is open sourced under Apache 2.0 license.

Differentiator

Problem solved

Functional benefit

Brands

• Hummingbot: Open source Python framework for crypto market makers and algorithmic trading bots, licensed under Apache 2.0
• Condor
• Hummingbot Gateway
• Hummingbot API
• HBOT
• Hummingbot Miner

Products and services

• Hummingbot Client CLI-based trading bot featuring connectors to numerous centralized and decentralized exchanges and a wide array of strategy frameworks for automated crypto trading. Designed for individual traders, developers, and institutions who want a robust execution engine for market making, arbitrage, and directional strategies.
• Gateway Middleware that helps Hummingbot clients connect to DEXs and land transactions on various blockchain networks; exposes standardized REST endpoints on port 15888 for DEX interactions including swaps, liquidity provision, and pool management across Ethereum, Solana, BNB Chain, Base, Avalanche, and other chains.
• Hummingbot API Comprehensive API server providing a centralized platform for executing trades, fetching data, and deploying Hummingbot instances. Supports managing Gateway containers, executing swaps, and retrieving market data with interactive Swagger documentation at http://localhost:15888/docs.
• Condor Open source harness for deploying and managing fleets of AI trading agents; connects LLM-powered decision-making to deterministic trade execution through a two-server architecture that separates LLM reasoning from trade execution. Includes Telegram bot and web dashboard interfaces for monitoring and controlling Hummingbot instances from mobile and desktop.
• Botcamp For-profit educational platform operated by Botcamp Inc. offering a 5-week intensive bootcamp teaching students how to build custom trading strategies using the Hummingbot framework. Over 200 students across five cohorts since October 2022, with monthly Bot Battle competitions for strategy testing.
• HBOT Governance Token ERC-20 governance token on Ethereum enabling holders to vote on proposals, allocate treasury, and appoint maintainers for the Hummingbot codebase via Snapshot voting. Fixed total supply of 1 billion HBOT with 666,576,768 tokens in circulating supply as of December 2025.

Quantifiable outcome

• Over $39B in aggregated trade volume reported by Hummingbot instances since Jan 2025
• +2 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration39 records

AI capability6 records

Feature6 records

Partnerships

14 partnerships are on record, tiered core, flagship and minor.

• Crypto.com Onchain WalletcoreStrategic or Co-development Partner · 1 April 2026Strategic partnership announced April 2026 to launch 'Crypto × Onchain × Intelligent Trading' initiative targeting the U.S. market. The collaboration integrates automated trading systems with on-chain asset control, creating a closed-loop system for trade execution, asset management, and DeFi interaction without relying on centralized custodial platforms. Both parties stated plans to expand into decentralized market making networks, on-chain strategy marketplaces, and automated yield optimization systems.
• BinanceflagshipGTM or Marketing PartnerLeading exchange partner and sponsor of the Hummingbot Foundation. Binance connector enables users to run automated trading strategies on the world's largest crypto exchange.
• HyperliquidflagshipGTM or Marketing PartnerPerpetual futures exchange sponsor supporting Hummingbot development. Partnership includes dedicated connector maintenance and fee share arrangements.
• OKXflagshipGTM or Marketing PartnerMajor exchange partner and sponsor. OKX connector allows users to trade across spot and derivatives markets with automated strategies.
• Gate.ioflagshipGTM or Marketing PartnerExchange sponsor providing connector support and fee share partnership with Hummingbot Foundation.
• KuCoinflagshipGTM or Marketing PartnerExchange partner sponsor with dedicated connector maintenance and revenue sharing arrangement.
• XRPL (XRP Ledger)flagshipGTM or Marketing PartnerBlockchain protocol sponsor supporting Hummingbot connector development for XRP Ledger DEX trading.
• Jupiter (Solana)coreTechnology or IntegrationDEX aggregator on Solana with Gateway support for swaps and routing. Enables automated trading strategies on Solana ecosystem.
• Orca (Solana)coreTechnology or IntegrationCLMM DEX on Solana with Gateway support for liquidity provision and token swaps.
• Raydium (Solana)coreTechnology or IntegrationCLMM DEX on Solana with Gateway support for liquidity provision and swaps.
• Meteora (Solana)coreTechnology or IntegrationCLMM protocol on Solana with Gateway support for liquidity provision.
• Uniswap V3coreTechnology or IntegrationCLMM DEX on Ethereum and Base with Gateway support for liquidity provision and swaps.
• BotcampcoreChannel Partner/ Reseller/ DistributorEducational side business separate from Foundation that provides 5-week intensive bootcamp for algorithmic trading using Hummingbot. Over 200 students across five cohorts since October 2022. Foundation has loan arrangement with Botcamp Inc.
• Cornell UniversityminorStrategic or Co-development PartnerAcademic institution collaborating with Hummingbot Foundation for data collection and research using the open source framework.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Coinrule: No-code crypto trading bot platform targeting retail traders with rule-based automation across exchanges. Comparable as a competing entry point for non-developer algo traders.
• Cryptohopper: Cloud-based crypto trading bot marketplace with strategy templates and marketplace signals. Comparable as an alternative automated trading platform serving retail and SMB crypto traders.
• Freqtrade: Open-source crypto trading bot written in Python with strategy backtesting and exchange integrations. Directly comparable as a free, open-source algorithmic trading framework targeting individual algo traders.
• 3Commas: Retail-focused crypto trading bot and DCA platform with smart trade terminals across major exchanges. Comparable as an automated crypto trading product targeting similar SMB and individual algo-trader segments.
• HaasOnline: Long-running crypto trading bot platform (Trade Server / HaasScript) targeting algo traders and market makers. Comparable as a more commercialized, fee-based alternative to Hummingbot's open-source framework.
• Jesse Trading Bot: Open-source, code-first crypto trading framework with strategy backtesting and live trading across multiple exchanges. Comparable as a free, community-driven alternative to Hummingbot for algo traders.
• ccxt: Open-source cryptocurrency exchange connectivity library providing unified APIs to 100+ exchanges. Highly comparable as the foundational connectivity layer that Hummingbot's 300+ connectors compete with and build upon.

Broad incumbents

• Pionex: Exchange-cum-bot platform offering built-in grid trading, DCA, and arbitrage bots to retail users. Comparable as a broader, more vertically integrated alternative that bundles trading bots with exchange services.

Emerging players

• Tokka Labs: Algorithmic trading infrastructure provider focused on digital assets. Comparable as another emerging player in the algorithmic trading tooling and infrastructure layer adjacent to Hummingbot.
• Wintermute: Major crypto-native market maker and liquidity provider across CEXs and DEXs. Comparable as an institutional counterparty shaping the same automated trading and liquidity landscape that Hummingbot's open-source tools serve.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/_hummingbot
• GitHubgithub.com/hummingbot/hummingbot
• YouTubeyoutube.com/@hummingbot

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hummingbot