BitMEX Introduces Automated Trading Bots for Seamless Crypto Transactions

Mahe, Seychelles, October 10th, 2024

BitMEX, the leading global crypto derivatives exchange, has unveiled its latest feature, Trading Bots. This innovative tool is designed to facilitate automated trading based on predefined strategies or signals, allowing users to engage in trading round-the-clock in the dynamic cryptocurrency market without requiring any coding skills.

In celebration of the Trading Bots launch, BitMEX is holding a ‘Trading Bot Challenge,’ offering a prize pool of 22,000 USDT for both new and existing traders. The challenge will commence on October 14th at 04:00 UTC and conclude on November 13th at 23:59 UTC. Additional details on how to get started with Trading Bots are available on the platform.

BitMEX provides two distinct tiers of trading bots to accommodate traders with varying levels of expertise:

• Basic Bots: Tailored for beginners, this option enables users to kickstart automated trading with minimal effort.
• Advanced Bots: Aimed at more seasoned traders, this feature presents an extensive range of configuration possibilities, including the selection of time intervals, indicators like RSI, and other detailed parameters.

Each bot is customizable, giving traders the ability to define their preferred position sizes, time intervals, and other trading conditions. The platform features over 200 bots covering a diverse array of crypto contracts, ensuring users can access a rich variety of trading strategies suited for different market scenarios.

Stephan Lutz, CEO of BitMEX, stated, “The launch of Trading Bots signifies an exciting advancement at the crossroads of cryptocurrency and AI technology. Over nearly a decade, we’ve provided our users with sophisticated tools to enhance their trading experiences. As we commemorate our 10th anniversary in the industry, I am eager to see innovative technologies become a central part of our legacy. Our trading bot feature allows for faster, data-driven decision-making—an advantage accessible even to novice traders. By integrating these tools, we’re equipping our users, no matter their experience level, with the necessary resources to navigate the complexities of the crypto markets.”

To get started with Trading Bots, users can navigate to the Bots section on the platform, select their preferred bot, and configure its parameters. Once set up, the bot will automatically execute trades according to the user’s market outlook. Traders retain the flexibility to modify or halt their bots at any time, adapting to changing market conditions.

About BitMEX:

BitMEX is the premier cryptocurrency derivatives exchange, dedicated to meeting the needs of professional crypto traders with low latency, substantial liquidity, and unparalleled reliability.

Since its inception, BitMEX has ensured that no cryptocurrencies have been compromised due to hacks or intrusions, allowing users to trade with the confidence that their funds are secure. The platform also offers the essential products and tools needed for traders to achieve profitability.

Additionally, BitMEX was among the first exchanges to disclose on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this information biweekly, guaranteeing the safe storage and segregation of the funds entrusted to it.

For further insights into BitMEX, users can explore a variety of resources and follow the exchange on various social media platforms.

Contact:
BitMEX Press
Email: [email protected]

This article was originally published on Chainwire.