Crypto trading is becoming a viable option ever since the days when Bitcoins value soared and nearly hit the $20000 mark. Since then, the market has been on the decline, with stability and price plateau only happening recently. This has not stopped people from looking into the trading opportunities presented by this potential goldmine. To this end, on the 1st of this month, the Huobi Groups Middle East, Africa, and South Asia branch, Huobi MENA, announced their intention to launch a trading solution using artificial intelligence. The company has partnered with AI Trader, a platform that already offers AI-based trading to its clients and so and so has a fair amount of experience in this field.
— Huobi MENA (@HuobiMENA) November 1, 2018
An excited Mohit Davar, the co-founder and director of Huobi MENA discussed this in a recent interview, “At Huobi, we believe that Artificial Intelligence is not just the future but also the present,” he said. “The strategic partnership with AI Trader enables our users to apply the latest analytical trading tools, thus alleviating the burden on our traders.”
Due to this collaboration, all users of AI Trader get instant access to the Huobi MENA cryptocurrency exchange. On the other hand, Huobi MENA users can also trade on the AI Trader platform. The trade happens using API keys, and upon completion, the changes are shown on the users Huobi MENA account.
Commenting on this synergy of the two systems, in an official statement an AI Trader spokesperson announced “We are thrilled to announce our partnership with Huobi MENA. The partnership is a giant leap forward in our vision to bring a fundamental shift in the way crypto traders are trading today.”
To coincide with this announcement AI Trader has released a new feature on its platform, Hybrid Intelligence Trading mode. The company says this developed works on the same principles used on the development of high-frequency trading systems.
Owing to this partnership userbase of both Huobi MENA and AI Trader can choose and initiate a quick trade in the cryptocurrency market, while supported by artificial intelligence. This will mean that the end user can access certain indicators that will help in the analysis of market trends and patterns, such as Exponential Moving Average (EMA) crossovers, Relative Strength Index (RSI), Bollinger Bands and Stochastics. This provides technical, yet valuable, base data for executing a transaction.
As the complexity of algorisms increases, AI becomes stronger. This should be an interesting mix not only for the two companies but also for traders everywhere, who are looking to get into the crypto world.