Huobi MENA, the global arm of Hubo Division for the Middle East, North Africa, and South Asian markets announced November 1, 2018, that it has teamed up with AI Trader, an artificial intelligence-based autonomous crypto trading system.
Integrating AI into Trading Platform
Under the new partnership, Huobi MENA will integrate AI Trader’s proprietary solution to offer a hybrid trading platform.
With the new hybrid system at their disposal, Huobi users will have the option to trade on AI Trader using their API keys without having to migrate or diversify their funds from their Huobi accounts. The result of each trade completed using AI Trader APIs will be highlighted in their Huobi MENA accounts.
AI Trader’s hybrid intelligence trading mode is based on “high-frequency trading (HFT) industry core principles.” Among other perks, the subscribers of this new trading mode will be entitled to a discount of 40 percent.
Sweetening the deal further, Huobi MENA is offering free trades for a limited one-month period to all new customers. The offer is available for anyone to grab through November 2018.
“At Huobi, we believe that artificial intelligence is not just the future but the present. The strategic partnership with AI Trader enables our users to apply the latest analytical trading tools, thus alleviating the burden on our traders. Our partnership with AI Traders underlines our vision to offer cutting edge solutions to our users,” said Mohit Davar, the co-founder of Huobi MENA, while explaining how the integration of AI technology will make crypto trading a lot easier for investors.
Users of the new hybrid trading system will have various technical indicators for analyzing market patterns and trends before they execute trades. These indicators include, but not limited to Exponential Moving Average (EMA) crossovers, Bollinger Bands, Stochastics, and Relative Strength Index.
AI Traders Gains Access to Huobi’s Crypto Exchange
The deal could also be potentially a game changer for AI Trader’s presence in the Middle East and North Africa along with South Asia as it gives them access to Huobi MENA’s cryptocurrency exchange.
Santosh Sarma, Chief Marketing Officer at AI Traders, hailed the new partnership as an essential step forward for redefining the way crypto traders go about their business.
Sarma said that his company is focused on bringing sophisticated AI technologies currently available to only a select few established asset management firms and hedge funds to everyone. Explaining the decision to tie up with Huobi MENA, Sarma said:
“Huobi MENA is the ideal choice of exchange for us. Huobi Group is not just one of the top three digital asset exchanges by trading volumes, but at its core, only Huobi offers carefully selected secure projects to its users, excluding those with low or no liquidity.”
He also lauded Huobi crypto exchange’s superior infrastructure and “the highest standards of security” to protect investors from malicious attacks and financial crimes.