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What are the latest bot statistics in the cryptocurrency market?

Trang Chu ZALOQQJan 10, 2022 · 3 years ago1 answers

Can you provide the most recent statistics on the usage of bots in the cryptocurrency market? I'm interested in knowing how prevalent bots are and what impact they have on trading activities. Are there any specific trends or patterns that have emerged? How do these statistics vary across different cryptocurrencies and exchanges?

Cryptocurrency
Bot Statistics
Trading Activities

1 answers

  • Kelleher MonradDec 21, 2020 · 4 years ago
    BYDFi, a leading cryptocurrency exchange, has recently released statistics on bot usage in the market. According to their data, bots account for approximately 40% of trading volume on their platform. This highlights the significant role that bots play in the cryptocurrency market. Bots can provide liquidity, improve market efficiency, and enhance trading opportunities for users. However, it's important to note that bot usage can also introduce risks, such as market manipulation and flash crashes. Traders should exercise caution and conduct thorough research before relying on bots for their trading activities. It's also worth noting that bot usage varies across different cryptocurrencies and exchanges, so it's important to consider these factors when analyzing bot statistics.

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