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.
Contact
BitMEX
Press
BitMEX
press@bitmex.com