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‘AI helps traders utilize more intuitive strategies,' says exchange

Published 07/12/2023, 05:02 PM
Updated 07/12/2023, 06:40 PM
© Reuters.

On July 11, cryptocurrency exchange Bitget launched an artificial intelligence (AI)-powered feature for its grid trading strategies, leveraging the use of trading algorithms to automate transactions for users. In an interview with Cointelegraph, Bitget developers stated:

In its AI grid trading bot, users are only required to fill in the desired strategy and input the investment amount. The small language model iterates thousand of parameters and can create tens of different strategies within the same currency pair. Its intricate, surgical focus differs from large language models, such as ChatGPT, which can possess hundreds of billions of parameters and are intended for generic use.

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