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AltSignals to debut AI bot as OANDA opens crypto platform in the UK

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on Feb 26, 2024
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  • AltSignals teases "state-of-the-art AI bot with market integration".
  • US-based OANDA launching new crypto trading platform in the UK.
  • With crypto trading markets on the upside, traders could find AltSignals' platform a key component.

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Cryptocurrency is a hot trend today, particularly as markets rally towards new all-time highs. OANDA, a US-based forex platform is bringing this opportunity to UK customers with a new crypto trading platform.

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The company’s expansion efforts come as an Artificial Intelligence (AI) boom headlined by Nvidia and OpenAI provides impetus for AI-related projects like Render, Fetch.ai and AltSignals.

OANDA announces regulated crypto trading platform for UK

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As the crypto trading landscape opens up, one of the platforms looking to bring this to more customers is US-based forex firm OANDA. According to the latest news from the company, its new crypto trading platform in the UK will launch soon.

OANDA Crypto is the new trading unit, and is registered with the Financial Conduct Authority (FCA). Its imminent unveiling comes after OANDA completed the acquisition of Coinpass in 2023.

When it begins its operations, OANDA Crypto will offer more than 60 crypto trading pairs, including Bitcoin (BTC), Ethereum (ETH), and XRP (XRP).

Lucian Lauerman, OANDA’ head of digital assets, said that the company’s crypto trading platform is launching in the UK at a time the country’s regulatory landscape is improving.

The UK also has a “slightly higher” regulatory bar and offers a market with high level of participation, Lauerman added in an interview with CoinDesk.

AltSignals to boost traders with AI bot

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As OANDA looks to make inroads in the UK crypto trading market, trading signals platform AltSignals is expanding its capabilities with AI integration. It’s a pivot that has the project’s trending as one of the top altcoins to buy today.

AltSignals has been in operation since 2017, establishing itself as a profitable business as its AltAlgo trading signals algorithm gained traction across crypto, forex and stocks markets.

The company’s path to enhancing its flagship product with an AI integration saw it hold a successful presale in 2023.

To supercharge its already successful algorithm, AltSignals will tap into natural language processing, machine learning, and predictive modeling.

When the AI integration goes live in coming months, this platform will feature trading signals of the highest possible accuracy levels.

Among top trends for AltSignals is its 3,782+ signals sent to traders, with accuracy levels as high as 94%. While the average accuracy is at 64% with the Altlgo algorithm, ActualizeAI is expected to bump that to an average of 80%. This could be higher as AI becomes more advanced.

What to watch out for as AltSignals rolls out ActualizeAI

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After listing its native token ASI on Uniswap, the roadmap for AltSignals targets further developments towards the eventual launch of the AI layer ActualizeAI.

As well as the ActualizeAI Pass NFT Marketplace, AltSignals is eyeing a revamped new website, secure a partnership for sentiment analysis, get ActualizeAI licensed and develop a real-time dashboard.

In its latest announcement, the AltSignals team says the platform will soon feature several improvements. These include an improved sign-ins process, better payment options and simplified subscription management.

Traders keen to capitalize on potential crypto gains could thus find AltSignals’ AI-enabled trading signals a key feature of their trading strategy.

As spot ETFs and Bitcoin’s halving provide tailwinds in coming months, among tokens to watch will be ASI. This token is at the core of the ActualizeAI ecosystem.

Currently, staking is live and holders can access trading tournaments and other platform perks. ASI holders also have a chance to join the exclusive AI members club. Discover more here.

This article is a collaboration between our Editors and our Partners, and it may contain sponsored advertising content and links. The content is not intended as financial advice and is for informational purposes only.

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