Trade Reconciliation
Last updated
Last updated
Trade reconciliation is a critical function for businesses involved in trading cryptocurrencies and managing digital assets. The process typically involves comparing trade data from various sources, including blockchain networks, exchanges, and wallets, to verify the accuracy of transactions, detect discrepancies, and reconcile any inconsistencies. However, manual reconciliation can be time-consuming, prone to errors, and challenging to perform efficiently at scale. expand.network’s API Adapter addresses these challenges by providing a robust set of endpoints and WebSocket subscriptions designed specifically for trade reconciliation.
expand.network’s API presents a powerful solution for trade reconciliation by offering a wide range of endpoints and WebSocket subscriptions. These capabilities enable businesses to access critical data points required for accurate reconciliation, including aggregated gas fees, historical transaction data, token ownership details, and real-time market information. By integrating our API into their reconciliation workflows, businesses can automate and optimize the trade reconciliation process, saving time, reducing errors, and improving overall operational efficiency.
expand’s API provides the following key endpoints to support trade reconciliation:
Aggregated Gas Fees: Retrieve for a specific block range, facilitating accurate reconciliation of transaction costs associated with trades.
Smart Contract Method query: within a smart contract to obtain specific trade-related data for verification and reconciliation purposes.
Historical Transaction Data: Access historical transaction data for and tokens within a given block range, allowing for comprehensive reconciliation of token transfers and ownership.
Non-Fungible Token Owners: Retrieve information about the aiding in the verification of ownership.
Historical Logs: Obtain historical logs for any or within a specific block range, ensuring accurate reconciliation of token transfers, approvals or NFT trades and movements.
expand's API offers the following WebSocket subscriptions for real-time trade reconciliation:
This allows receiving real-time notifications for specific events and transactions.
Enhanced Accuracy: expand's API Adapter provides comprehensive data that ensures precise reconciliation of transaction fees, token transfers, ownership details, and other trade-related information, reducing errors in the reconciliation process.
Real-time Insights: Real-time data access empowers businesses to make informed decisions promptly based on the latest market prices, gas fees, and token ownership information.
Time and cost savings: By automating the trade reconciliation workflows using expand.network’s API adapter, businesses can streamline their operations.
Real-time finalized transaction: Receive real-time updates on , enabling businesses to track trades as they occur and reconcile them accurately and promptly.
Real-time token prices: Access real-time price updates for a across multiple decentralized exchanges (DEXs) and centralized exchanges (CEXs). This feature assists in calculating trade values accurately and reconciling trade data based on up-to-date market prices.
Real-time gas fees: Subscribe to real-time updates on paid by a specific public address, ensuring accurate reconciliation of transaction costs and facilitating precise fee calculations.
WETH: Subscribing to provides notifications for transactions and events related to WETH tokens.
ERC-20: This subscription covers events and transactions related to , allowing reconciliation of trades involving ERC-20 assets.
ERC-721: Subscribing to provides notifications for transactions and events related to ERC-721 non-fungible tokens (NFTs).
ERC-1155: This subscription covers events and transactions related to multi-token standard. It enables reconciliation of trades involving ERC-1155 tokens.