Bitget launches AI-based grid trading strategies
Bitget launches AI-based grid trading strategies
Cryptocurrency exchange Bitget has launched a new Artificial Intelligence (AI)-based feature for its grid trading strategies.
The new feature is primarily aimed at simplifying the complex method of investing for novice crypto traders.
"Grid Trading is a strategy that uses trading algorithms to automate transactions. It allows you to place buy and sell orders in a predetermined price range at certain intervals, following a 'buy cheap, sell high' strategy to execute trades," according to details on Bitget's website.
In volatile cryptocurrency markets, grid trading bots are not influenced by emotions and clearly execute the pre-planned strategy, increasing their efficiency.
Previously, the Grid Trading feature was only available to experienced traders, but Bitget's AI Grid Trading has made it possible for beginners to use this strategy without requiring extensive knowledge in the field.
Users can also select AI bots that match their risk preferences: 'conservative', 'secure', or 'aggressive'.
"The new feature aligns with Bitget’s goal of providing tools for users to trade smarter. AI products can make sophisticated strategies more accessible, resulting in more reliable systems and optimized profits," said Grac6 Chen, Managing Director of Bitget.
Earlier, we wrote that the Bitget exchange released June data on cryptocurrency and fiat reserves.
