For many people, cryptocurrency trading has become a great way to earn money. Cryptocurrency prices are extremely volatile, especially when it comes to Bitcoin and other larger coins. Bitcoin alone can go up and down by hundreds, sometimes even thousands of dollars a day.

Since then, the stock market has led the industry in several areas, such as trading volume, innovation, expansion, and the number of cryptocurrencies listed on its platforms. Companies like Binance allow people to buy, sell, and binary options at any time to trade thousands of cryptocurrencies on its platform.

Trading bots themselves have been around since the 1980s when traders came up with the concept of pattern-based trading. In modern age technologies, the rise of bot trading in cryptocurrency can be experienced easily. What is so special about crypto bots for trading in trading robots?

Trading bots can automatically execute bitcoin and altcoin orders on your behalf and as machine learning, AI, and big data get more and more important, they become more and more advanced. Trading robots use algorithms to identify trends and select suitable trading times.

Is it truly artificial intelligence?

Is artificial intelligence really trading digital currencies simultaneously on multiple cryptocurrency exchanges? Is it really possible to earn as much from arbitrage as advertised? Is the money we deposit in fiat currency and withdraw in some unbeknown crypto currencies actually invested?  Can they have any real value? And can they be converted into cash at any time?

Decentralized Finance platforms that use arbitrage trading bots are successful options to trust. And here comes ImpulseVen, the all-inclusive DeFi ecosystem with a variety of financial tools and services. It is completely new, decentralized digital finance and has nothing to do with the traditional banking sector. You have control over your money, you manage it, and you decide how to use the finance platform that offers high return. You can tie your savings to flexible earning periods, lend and borrow at the expense of your savings, which you can then also invest in other, even higher-yielding digital currencies to generate income. 

With the ImpulseVen platform, one can achieve a return of up to 50% or higher on an annual basis on their crypto assets. 

Arbitrage bots as potential game-changers to trading

The arbitrage trading bot developed by ImpulseVen will monitor decentralized exchanges to identify and act on the price discrepancies of a particular token pair. The trading bot is powered by a smart contract which is capable to read blockchains from multiple exchanges.

The ImpulseVen arbitrage trading bot analyzes market events such as token trade amounts, size of orders, and frequency of trading to set their own trading preferences. Arbitrage bots have long been accepted in traditional financial markets and are more recently being used by experienced traders in the crypto world. 

Perhaps, in the case of blockchain, because of the transparency of the network, cryptocurrency exchanges are apt to provide their customers with direct access to the market, which allows them to evaluate the exchange's e-order book. This has traditionally been provided by investment firms and brokers in traditional financial markets.

Many people trade Bitcoin in a passive way and therefore do not spend enough time examine the market, while an arbitrage bot can allow them to trade more efficiently without having to become an expert in the market.

Arbitrage bots can also be applied to futures contracts, taking into account the differences between transactions traded on various exchanges. Arbitrage bots allow investors to adopt a market-making strategy.

Trading has a bright future 

Artificial intelligence is widely touted as a key technology for future industries, from the supply chain to the financial markets.  The ImpulseVen trading bot can trade simultaneously on ten different exchanges. And thanks to cryptocurrency arbitrage, it is said to be able to do wonders. Miracles can be multiplied thanks to leverage, or taking positions on the market 2-20x greater than the value of actual traded cryptocurrency. With the onset of A.I.-driven trading, the future is bright for digital asset trading.