Cryptocurrency exchange Phemex has unveiled an AI Bot designed to automate complex trading strategies for its 10 million users, introducing cutting-edge technology to its platform. Launched as part of the company's AI-native initiative, the AI Bot facilitates the execution of Futures Grid, Spot Grid, and Martingale strategies through machine-learning algorithms that perform real-time market analysis.
The new system incorporates dynamic risk controls, calibrating leverage and trading parameters based on historical market volatility to mitigate potential losses. To promote the AI Bot, Phemex is heralding an 'AI Bot Carnival', offering loss protection for newcomers and additional rewards for users running multiple bots.
CEO Federico Variola emphasizes that this innovation underscores Phemex's commitment to integrating AI into the core of its services. The AI Bot is a leap forward for the exchange, which has been steadily integrating AI capabilities since an announcement made in 2024. Phemex, since its inception in 2019, has continued to grow, offering a suite of services including spot and derivatives trading, copy trading, and wealth management to a global user base.
