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Bitget exec discusses limitations and benefits of CTA AI trading bot

Published 07/27/2023, 06:00 AM
Updated 07/27/2023, 08:00 AM

One area where artificial intelligence (Ai) technologies are rapidly synergizing with blockchain is at cryptocurrency exchanges. Since the beginning of the year, Binance has launched an AI-powered nonfungible tokens (NFTs) generator for authenticated users. Meanwhile, OKX has introduced an AI integration to monitor market volatility. Bybit has also plugged into ChatGPT for AI-powered trading tools.

On the other hand, cryptocurrency exchange Bitget has rolled out a series of AI-trading bots starting in June. On July 27, the exchange launched a new Commodities Trading Advisor (CTA) AI bot. In an interview with Cointelegraph, Gracy Chen, Bitget's managing director, explained the benefits and risk factors in detail.

Bitget MD Gracy Chen at WebX_Asia | Source: Twitter

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