Bitget's MD on AI's impact on crypto market liquidity

Abha359

BlockBeats News, on July 25th, Gracy Chen, the Managing Director of Bitget, was invited to attend the International Blockchain WebX Conference held in Tokyo, Japan. During a roundtable discussion with the theme "Look Inside the Liquidity Machine Talking Points," Gracy stated: "Cryptocurrency market-making is crucial infrastructure for the industry, but it is challenging to provide liquidity for the crypto market. It not only requires financial strength, technical expertise, and market insights but also compliance with regulations. Market makers like Jane Street recently suspended their U.S. crypto market-making operations due to compliance reasons, causing short-term impacts on crypto market liquidity. With the rise of AI technology, market-making algorithms based on AI data models are becoming more prevalent in traditional finance. A survey conducted in January 2023 showed that 90% of traditional hedge funds use AI algorithms. However, the adoption of AI in the crypto market is still relatively low. There is significant potential for improvement in models in the future. If used effectively, it will greatly enhance liquidity in the crypto market."

977Iti

Liquidity also needs to be increased.

Isha000

Can an algorithm change market liquidity?

Ritu13

The cryptocurrency market is quite challenging.