Tokyo, Japan, 24th Jul 2022, Today SumoSignals Ltd. has introduced the concept of Arbitrage System that enables investors to buy cheap and sell expensive with the aid of AI which OnDeck Venture leads the $5.5M fund raise.
Major investors of this fund-raising round are Hongkong-based OnDeck Venture.
Samson Lee, Partner at OnDeck Venture, said, “We had never seen such an intelegent AI that can pick signals from a extreme bear market, We’re looking forward to working with them for a long time.”
SumoSignals released several AI Robots for Trading Cryptocurrencies. These robots employ artificial intelligence to sift through hundreds of cryptocurrencies in search of patterns that signify buy or sell signals. These AI robots can escape from a place with a trailing stop. These AI robots want to lower average losses while raising average profits. These AI Robots open positions with sophisticated AI abilities and filter them using AI Predictions and other in-house metrics.
Andrew Smith, the Co-Founder (CEO), and Naohiko Yamamoto, the CTO in SumoSignals, told their firm that this new platform is the first cryptocurrency trading Signal provider that use a shopisticated AI to find the most promising Signals, even in a bear market.
Features of SumoSignals are not limited to;
- The feature of algorithmic trading systems, also known as mechanical trading systems, algorithms, automated trading, or AI trading, provided by SumoSignals allows for the creation and execution of trade entry and exit rules by a computer on an automatic basis. Indeed, according to several platforms, between 70% and 80% of all trading activity is carried out using automatic trading algorithms, but the SumoSignals signal accuracy is as low as 97.13%
- Assist to offer solutions to all lost issues and avoiding any potential risks related to smart arbitrage contracts
- One of the most appealing features of SumoSignals’ approach to automation is its capacity to lessen some of the emotions related to trading by automatically completing trades when specific criteria are satisfied.
SumoSignals, based in Japan, also registered in the UK, has fund-raised a $5.5m seed fund by OnDeck Venture and will use the best part of it to invest in the AI technology to finetune their algorithm to find the most profitable trading signals and scale their business globally.
Visit the official website for updates and other information.
Organization: Sumo Signal Ltd.
Contact Person: Matthew Jackman
Email: Send Email
The post OnDeck Venture leads 5.5M fund raise for AI-Powered crypto trading platform Sumosignals. appeared first on King Newswire.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Dime Outlet journalist was involved in the writing and production of this article.