With many recent market surveys reporting that the share of fully automated trades in all financial markets keeps rising every year, it is hard to imagine a world without the total domination of various automated trading systems. Since the crypto market is famous for its quick adoption of innovation and new fintech products, it will be affected by the coming wave of changes the most.
The evolution of the automation industry may not happen overnight, but it won’t take decades either. If you are choosing a bot for crypto trading right now, you are on the path to success given other bases like high-quality trading signal generation and risk management skills are covered.
What can we expect from the automation industry in the next five years? WunderTrading’s experts believe that there is room for growth in previously unexpected areas. We will talk about the future of crypto trading, new exciting developments in the domain, and relevant trends.
The biggest elephant in the room: the AI revolution
When it comes to the landscape of the financial world, the most impactful change that it will experience is the arrival of widely adopted expert AI systems. The idea of artificial intelligence has been around for more than a century, but we started cracking the code just recently with machine learning finally meeting with sufficient computational power.
Many automation companies see the appeal of AI trading. However, we should remember that artificial intelligence is not almighty and needs polishing, development, and significant resources before you can apply it to many systems without any supervision.
WunderTrading is revolutionizing the landscape of automated crypto trading with its state-of-the-art technology. For businesses seeking seamless integration, our enterprise-grade API offers unparalleled access to advanced trading strategies, ensuring efficiency and precision. Whether you are a startup or an established enterprise, our API is designed to cater to all your trading needs, providing a competitive edge in the fast-paced world of cryptocurrency.
WunderTrading works on its AI-assisted statistical arbitrage crypto bot capable of managing large portfolios and adjust their compositions in real-time according to is analysis of the market. The system is still in its infancy. It is impossible to give any guarantees to potential users. However, it works and delivers good results. Optimization and correction will take some time, but with currently available resources it can be done relatively quickly.
Some competitors are doing everything the can to jump on the bandwagon of AI. For example, we know that automation vendors offer AI-powered GRID bots and DCA bots. There is little room for experimentation with these automated trading systems, but a smart AI can make them slightly more effective.
The industry sees the potential in pushing toward the implementation of AI in many products. AI allows us to better recognize patterns, be faster at making adjustments to various systems, and may be fully autonomous in a couple of years.
Nevertheless, we also see some risks associated with AI products:
- Hallucinations and emergence. Experts cannot explain unexpected behaviors from AI systems that they created. When a machine comes up with gibberish or false information, we call it hallucinations. When a machine learns a new skill that was not intended as part of its functionality, we call it emergence. However, both happen spontaneously and can be destructive to any portfolio under management of an expert AI system.
- It can be a fluke. Large language models are quite good at some things. Other expert AIs created with machine learning are better at others. When it comes to image recognition, generating data from existing information, and even some forms of creativity, AI has an upper hand. However, we may be at the peak of what it is really possible to achieve with artificial intelligence.
- Technological uncertainty. Some experts believe that it is possible for AI to go rogue or behave in a way that contradicts its initial programming. We also have issues with technological limitations since what is available to civil applications can become a bottleneck. Many risks are simply too hard to predict which is normal for any emerging technology.
Better crypto automation services
One of the areas where developers are hard at work to improve everything is usability. Many products are already quite good in terms of user experience. The learning curve for many of WunderTrading’s products is not as steep as many would imagine considering the fact that we talk about fully autonomous investment tools that can be used by anyone.
You can expect even better updates if you run a crypto bot. With new improvements to editing settings, managing existing systems, and effortlessly launching automated crypto trading bots, you will be able to manage any portfolio without any hassles.
Here are some areas where you should be expecting significant UX/UI improvements:
- Settings adjustment. It is hugely important for many users to be able to quickly make changes to existing bots or set up new algorithmic trading systems. In many scenarios, speed becomes quite important as market conditions may change dramatically in just a couple of hours. The industry will continue improving user interfaces and dashboards to make it easier for users to edit settings as quickly as possible.
- Better management. WunderTrading has been moving things around in the dashboard when rolling out new features or products. Some changes are barely noticeable while others transform your workspace allowing for more cohesive experience and smoother asset management. We believe that focusing on providing more efficient navigation and grouping of elements will lead to better outcomes for many customers.
- More integrations. The ecosystem of the crypto market is quite diverse and allows for the existence of many centralized exchanges, third-party providers, and vendors. Connecting all these market participants to allow users to have a better experience with investing in cryptocurrencies is quite important for the future of the domain. If you want to build passive income with crypto in the near future, you should consider working with companies that focus on interoperability within the crypto ecosystem.
The future of the trading automation industry depends on a variety of factors. The most important priority for many companies right now is the development and integration of new artificial intelligence systems. However, it is also important to keep users happy with what they already have. We believe that the industry is on the right track and will soon offer a wide range of exciting products helping millions of retail traders to achieve higher profits.