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Mahe, Seychelles, October 10th, 2024, Chainwire – BitMEX, the world’s leading crypto derivatives exchange, has announced the launch of its new automated trading tool, Trading Bots. This powerful feature is designed to offer effortless automation based on predefined strategies or reactions to signals, providing a seamless way to trade 24/7 in the fast-moving crypto markets without the need for coding experience.
To mark the launch of Trading Bots, BitMEX launched its ‘Trading Bot Challenge’ campaign featuring 22,000 USDT worth of rewards for new and existing traders. Participation for the campaign begins on 14 October at 04:00 UTC and ends on 13 November at 23:59 UTC. For more information on how to start using Bots on BitMEX, users can visit this page.
BitMEX offers two tiers of trading bots to cater to traders of different backgrounds:
- Basic Bots: Ideal for beginners, this feature allows users to start automated trading with just a few clicks.
- Advanced Bots: Designed for more experienced traders, this feature provides a wide range of configuration options, including selection of time intervals, indicators (such as RSI), and more detailed parameters.
Each bot is fully customisable, allowing traders to set their preferred position sizes, time intervals, and other trade conditions. The platform hosts over 200 bots covering a wide array of crypto contracts, ensuring that users have access to a diverse range of trading strategies tailored to different market conditions.
Stephan Lutz, CEO of BitMEX said, “The introduction of Trading Bots on BitMEX marks an exciting step forward at the intersection of cryptocurrency and AI-driven technology. For nearly a decade, we’ve equipped our users with advanced tools to enhance their trading experience, and as we celebrate our 10th year in the industry, I’m excited to see more innovative technology becoming a key part of that legacy. The BitMEX trading bot feature enables faster, data-driven decision-making – an advantage that even beginner traders can benefit from. By integrating these tools, we’re ensuring that our users, regardless of experience, have everything they need to navigate the complexities of the crypto markets.”
To get started, users can head to the Bots tab on the navigation bar, select their bot of choice, and set up their trading bot’s parameters. Once configured, the bot will automatically execute trades based on the user’s market view. Traders can easily adjust or stop their bots at any time, providing flexibility in changing market conditions.
About BitMEX
BitMEX is the leading crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep liquidity and unmatched reliability.
Since our founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.
BitMEX was also one of the first exchanges to publish their on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.
For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Discord, Telegram and Twitter.
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