The growing
prevalence of artificial intelligence (AI) in the trading world presents
investors with many new opportunities for trade automation. The cryptocurrency
exchange, Coinbase, has decided to capitalize on this by collaborating with
Coinrule, offering over a million retail customers tools that facilitate daily
trading.
Coinrule is
a platform that offers automated strategies for the digital asset market,
working with the most prominent exchanges worldwide. With the advancement of
artificial intelligence capabilities, they have expanded their range of tools,
which will benefit Coinbase Advanced customers.
Coinbase
Advanced was formerly known as Coinbase Pro, which underwent a name change in
2022. Experienced traders can use its features, benefiting from a broader range
of available instruments and more advanced charts. According to current
Coinbase statistics, over one million retail customers are now using the
Advanced features.
“We
are immensely proud to be among the first trading strategies platforms to start
working together with Coinbase Advanced. Helping retail investors access
powerful AI tools is our mission,” said Gabriele Musella, the CEO of
Coinrule.
From now
on, investors can additionally utilize tools provided by Coinrule, which
encompass three basic types of services. These include bots, a live market
scanner, and pre-built AI strategies. Within Coinbase Advanced, investors can
create up to 100,000 different automated bots or choose from a range of
previously designed trading systems. The real-time market scanner monitors
price changes for 2,000 different tokens and determines specific entry rules
for potential positions.
“We
want to give retail investors the tools to be able to compete with professional
traders. Our integration with Coinbase is a major step forward on this journey,”
added Musella.
Coinbase’s Significant
Moves in North America
The
cryptocurrency exchange
