Artificial Intelligence (AI) and Blockchain Converge at Crypto Exchanges
AI technologies are being integrated with blockchain at cryptocurrency exchanges, offering various benefits and risk factors. Key points include:
- Binance has launched an AI-powered NFT generator for authenticated users
- OKX has introduced AI integration to monitor market volatility
- Bybit has plugged into ChatGPT for AI-powered trading tools
- Bitget has rolled out a series of AI-trading bots, including a new CTA AI bot
- Gracy Chen, Bitget’s managing director, explains the benefits and risk factors
CTA AI Bot vs. Regular Commodities Trading Algorithm
The CTA AI bot utilizes MACD and Bollinger band indicator strategies, continuously analyzing historical data to create new strategy logic. Key points from the interview with Gracy Chen:
- AI strategies are more intuitive and eliminate the need for complex parameters
- Safeguards for users include using large time periods to smooth out false signals and offering stop profit and stop loss options
- CTA strategies are effective in volatile markets like cryptocurrencies due to their ability to grasp market fluctuations
AI Applications at Bitget and Advantages of AI-powered Trading
Bitget is experimenting with AI in various departments, including intelligent recommendation content and generating posters. Advantages of AI-powered trading compared to human or algorithmic methods:
- Intuitive strategy creation through simple rate of return number and price chart
- Potential for improved profitability through learning from large language models like ChatGPT
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