Bitget — the six-largest crypto derivatives exchange — has launched its new AI-powered Martingale strategy feature. The new function is a product that stems from the established line of Martingale investing strategy services the exchange has been offering for some time. Bitget stressed in the release that the new instrument is intended for both experienced and new traders – a statement made only more evident by the presence of a facilitating AI as part of the instrument.
The new AI Martingale function revolves around increasing the amount of an investment after a downturn in an attempt to recoup losses and achieve a profit. The AI that forms the basis of the strategy relies on historical market data to reveal growth propensity over time. This factor gives investors invaluable insights into possible dynamics and acts as a tentative forecasting instrument – ideal for novices who are not yet adept at reading market movements.
The strategy also comes with automated trading functions that allow investors to set their risk appetites and the frequency of investing. Both settings are crucial in a volatile market, and Bitget has stressed that its proprietary AI can be tuned to provide reliable references using back-end algorithms.
Gracy Chen, Bitget’s Managing Director, has stated that “The launch of Martingale AI represents Bitget’s commitment to empowering users with the tools and strategies to invest confidently and smartly according to their needs.”
Chen added, “Providing simple yet sophisticated offerings that leverage the power of AI aligns with Bitget’s mission to help individuals safely embrace digital assets. We will continue exploring new ways to integrate AI into our products and services to empower investors. These new features come as Bitget bolsters its lineup of provided services in light of a global expansion and beyond derivative strategy.”
The new function also boasts several distinctive advantages that set it apart from competitors. The most important benefit is that AI Martingale comes with two-way trading, which is ideal for bullish and bearish market applications. The controlled risk option and the ability to buy at the bottom are other advantages that novice traders are certain to appreciate.
Most importantly, embedded AI gives users the choice of selecting between a conservative or aggressive strategy to suit their styles of market action best. A general lower entry threshold provision is at the heart of the new product, making it clear that Bitget is targeting a new audience in hopes of expanding the trader user base.
The Bitget exchange is making considerable traction with its ever-expanding service lineup, and the new Martingale strategy is just one example. The fact that the new strategy supports up to 100x leverage is evidence of a honeypot designed to attract professional traders and novices to the cryptocurrency trading platform.
Source: https://www.cryptonewsz.com/bitgets-new-ai-powered-martingale-strategy-stirs-investor-market/