{"id":96170,"date":"2024-10-10T17:55:09","date_gmt":"2024-10-10T21:55:09","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=96170"},"modified":"2024-10-10T17:58:45","modified_gmt":"2024-10-10T21:58:45","slug":"bitmex-launches-automated-trading-bots-for-crypto-trades","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitmex-launches-automated-trading-bots-for-crypto-trades\/","title":{"rendered":"BitMEX Launches Automated Trading Bots for Crypto Trades\u00a0"},"content":{"rendered":"\n

BitMEX, a cryptocurrency exchange, has launched automated trading bots<\/a> that may be customized for various trading approaches.\u00a0
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\"BitMEX
BitMEX Launches Automated Trading Bots for Crypto Trades\u00a0<\/figcaption><\/figure>\n\n\n\n

Seychelles-based cryptocurrency exchange BitMex is expanding its offerings with the launch of automated trading bots that enable users to implement customizable strategies<\/a> for trading.<\/p>\n\n\n\n

BitMEX stated in a news release dated October 10 that the tool known as “Trading Bots” is intended to carry out predetermined strategies or respond to indications from the market. <\/p>\n\n\n\n

There are two levels of Trading Bots available on the platform: Basic Bots are designed for novice traders and allow automatic trading setup; Advanced Bots are meant for more seasoned users and include a variety of configuration choices, such as time intervals and technical indicators like the Relative Strength Index. <\/p>\n\n\n\n

According to BitMEX, its trading bots offer consumers a wide range of trading methods by covering over 200 cryptocurrency contracts<\/a>. Once a bot is set up, it will trade automatically according to the user's view of the market.\u00a0<\/p>\n\n\n\n

The exchange further stated that traders have the freedom to modify or disable their bots whenever necessary to account for changes in the market dynamics. <\/p>\n\n\n\n

Stephan Lutz, the CEO of BitMEX, remarked that the product launch represents an “exciting step forward at the intersection of cryptocurrency and AI-driven technology\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.” <\/p>\n\n\n\n

Although it's unclear if the bots use AI, Lutz stressed that they let traders of all skill levels make “data-driven decisions,” which is advantageous. <\/p>\n\n\n\n

As previously said, there is ongoing debate on the efficacy of cryptocurrency trading bots. Experts concur that although they can be helpful, ordinary consumers with significant trading experience<\/a> will likely make money. <\/p>\n\n\n\n

Trading bots work best as automation tools for seasoned traders instead of being a quick way for novice users to become wealthy.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

BitMEX, a cryptocurrency exchange, has launched automated trading bots that may be customized for various trading approaches.\u00a0 Seychelles-based cryptocurrency exchange BitMex is expanding its offerings with the launch of automated trading bots that enable users to implement customizable strategies for trading. BitMEX stated in a news release dated October 10 that the tool known as […]<\/p>\n","protected":false},"author":43,"featured_media":96171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11407],"tags":[2087,984,16517],"class_list":["post-96170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-exchange","tag-bitmex","tag-cryptocurrency-exchange","tag-trading-bots"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1728592846674.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=96170"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96171"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=96170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=96170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=96170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}