Bybit, a crypto exchange, has launched its new AI program: Tools Discovery, which brings smart trading to life with personalized product and strategy recommendations.
Bill Xing, head of financial products at Bybit, said: “We understand how difficult it can be for beginner traders or even experienced traders who want to try something new. That’s why we built our Tools Discovery AI — it makes it easier to focus on the type of trading that suits each user’s unique requirements.”
Bybit’s AI is one of the first of its kind in the crypto market; it uses backtested data to suggest strategies that respond to current market conditions. Taking the emotion out of trading, it allows users to make data-driven decisions tailored to their unique profile.
The algorithm can help users discover new products and strategies and give them insights into their investing style. The personalized suggestions appear alongside other successful strategies with proven returns.
Tools Discovery can propose strategies utilizing Bybit’s suite of trading products according to the user’s risk profile including Copy Trading, Dual Asset, Futures Grid Bot, Spot Grid Bot, DCA Bot, and Liquidity Mining.
Users can easily copy the strategies straight away or add them to “My Watchlist,” which enables them to test the performance of the approach by tracking it over a 60-day period.
“We believe that everyone should have access to the best tools as part of our mission to democratize access to financial opportunities in the digital economy,” Xing said.
“Tools Discovery gives all users access to personalized product and strategy recommendations so they can easily explore different trading strategies, find new ideas, and benefit from Bybit’s next-level opportunities,” he added.
