- This strategy will be especially useful for beginners, says the exchange’s team.
- It features an artificial intelligence-based bot.
Cryptocurrency exchange Bitget has unveiled a new offering – a CTA (Commodity Trading Advisor) strategy that features an AI bot. Company officials told Incrypted.
Based on previous experience with CTA products, Bitget applied these strategies to cryptocurrencies. With the help of an AI bot, the system should make trading easier and more accessible, especially for beginners, exchange officials said.
CTA is a strategy applied primarily to commodity futures and stock index futures. The Bitget exchange has offered users an index trading system designed to capitalize on short-term trading opportunities based on price/volume trends.
The new development allows users to easily implement complex trading strategies, which increases their ability to trade successfully in the cryptocurrency market, Bitget said.
The AI bot performs a backtest based on recent historical data and determines parameters to adapt to market conditions. This ensures that the system is user-friendly and easy to use for traders of all experience levels, the exchange team said.
Reminder, earlier Bitget announced a rebranding based on the principle of “Trade Smarter”. And in early July, the company launched a new feature for grid trading strategies.
If you don’t already have an account on Bitget, you can sign up at our link.