NEW DELHI: OKEx, the world’s second largest crypto exchange, on Thursday announced that it has launched a bot feature for its users in India that aids in trading strategy.
According to the exchange, the market has matured in recent years and trading bots need to be sophisticated enough to deal with highly liquid markets. “The demand for automation continues to grow in the market and OKEx offers some of the most forward-thinking automation solutions in the industry,” the exchange said in a release.
Trading bots facilitate and aid the execution of a trading strategy, and do not create one.
Commenting on the launch, OKEx Asia CEO Netero Dai said, “OKX is the go-to exchange for bot trading. With a comprehensive bot trading system, when it comes to automating the buying and selling of digital assets, So users will be spoiled for choice. Its wide range of trading options make it an easy choice when it comes to comfort when transacting large volumes”.
Founded in 2017, OKEx is one of the world’s leading cryptocurrency spot and derivatives exchanges with over 20 million users.
“No bot is ever perfect, but using stable and stable arbitrage in a volatile market can lead to significant financial gains. The OKEx trading bot strategy provides just that. When you do not have time to watch the market, So creating a strategy to help you manage your portfolio,” the company said.
Binance was the largest spot exchange by volume in October with a trading volume of $856 billion, according to a report by digital asset data provider CryptoCompare. It is followed by OKEx (trading volume $173 billion), and Coinbase (trading volume $150 billion).
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