The growingprevalence of artificial intelligence (AI) in the trading world presentsinvestors with many new opportunities for trade automation. The cryptocurrencyexchange, Coinbase, has decided to capitalize on this by collaborating withCoinrule, offering over a million retail customers tools that facilitate dailytrading.
Coinrule isa platform that offers automated strategies for the digital asset market,working with the most prominent exchanges worldwide. With the advancement ofartificial intelligence capabilities, it has expanded its range of tools,which will benefit Coinbase Advanced customers.
CoinbaseAdvanced was formerly known as Coinbase Pro, which underwent a name change in2022. Experienced traders can use its features, benefiting from a broader rangeof available instruments and more advanced charts. According to currentCoinbase statistics, over one million retail customers are now using theAdvanced features.
"Weare immensely proud to be among the first trading strategies platforms to startworking together with Coinbase Advanced. Helping retail investors accesspowerful AI tools is our mission," said Gabriele Musella, the CEO ofCoinrule.
From nowon, investors can utilize tools provided by Coinrule, whichencompass three basic types of services. These include bots, a live marketscanner, and pre-built AI strategies. Within Coinbase Advanced, investors cancreate up to 100,000 different automated bots or choose from a range ofpreviously designed trading systems. The real-time market scanner monitorsprice changes for 2,000 different tokens and determines specific entry rulesfor potential positions.
"Wewant to give retail investors the tools to be able to compete with professionaltraders. Our integration with Coinbase is a major step forward on this journey,"added Musella.
Coinbase's SignificantMoves in North America
Thecryptocurrency exchange which Brian Armstrong led recently announced that brighterdays are ahead after a series of regulatory challenges in the US. The platformhas received regulatory approval from the National Futures Association (NFA) tooffer crypto futures to its US institutional customers.
Thisdecision will undoubtedly help Coinbase regain some of its lost market share inthe US cryptocurrency sector. Both Coinbase and Binance suffered significantlosses after the SEC lawsuits in June, with the latter's market share in the localmarket dropping below 1%.
Meanwhile,the company has broadened its services to Canada in collaboration with PeoplesTrust Company. According to Coinbase's statement, this partnership enables moreusers in Canada to access digital assets by simplifying transfers. However, afew days later, they had to suspend trading of prominent stablecoins, namelyTether (USDT), Dai (DAI), and RAI Reflex Index (RAI). This major move wasreportedly in response to regulatory changes in the country.
The growingprevalence of artificial intelligence (AI) in the trading world presentsinvestors with many new opportunities for trade automation. The cryptocurrencyexchange, Coinbase, has decided to capitalize on this by collaborating withCoinrule, offering over a million retail customers tools that facilitate dailytrading.
Coinrule isa platform that offers automated strategies for the digital asset market,working with the most prominent exchanges worldwide. With the advancement ofartificial intelligence capabilities, it has expanded its range of tools,which will benefit Coinbase Advanced customers.
CoinbaseAdvanced was formerly known as Coinbase Pro, which underwent a name change in2022. Experienced traders can use its features, benefiting from a broader rangeof available instruments and more advanced charts. According to currentCoinbase statistics, over one million retail customers are now using theAdvanced features.
"Weare immensely proud to be among the first trading strategies platforms to startworking together with Coinbase Advanced. Helping retail investors accesspowerful AI tools is our mission," said Gabriele Musella, the CEO ofCoinrule.
From nowon, investors can utilize tools provided by Coinrule, whichencompass three basic types of services. These include bots, a live marketscanner, and pre-built AI strategies. Within Coinbase Advanced, investors cancreate up to 100,000 different automated bots or choose from a range ofpreviously designed trading systems. The real-time market scanner monitorsprice changes for 2,000 different tokens and determines specific entry rulesfor potential positions.
"Wewant to give retail investors the tools to be able to compete with professionaltraders. Our integration with Coinbase is a major step forward on this journey,"added Musella.
Coinbase's SignificantMoves in North America
Thecryptocurrency exchange which Brian Armstrong led recently announced that brighterdays are ahead after a series of regulatory challenges in the US. The platformhas received regulatory approval from the National Futures Association (NFA) tooffer crypto futures to its US institutional customers.
Thisdecision will undoubtedly help Coinbase regain some of its lost market share inthe US cryptocurrency sector. Both Coinbase and Binance suffered significantlosses after the SEC lawsuits in June, with the latter's market share in the localmarket dropping below 1%.
Meanwhile,the company has broadened its services to Canada in collaboration with PeoplesTrust Company. According to Coinbase's statement, this partnership enables moreusers in Canada to access digital assets by simplifying transfers. However, afew days later, they had to suspend trading of prominent stablecoins, namelyTether (USDT), Dai (DAI), and RAI Reflex Index (RAI). This major move wasreportedly in response to regulatory changes in the country.
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