As the crypto market becomes increasingly dynamic, traders have turned to AI-powered tools to gain an edge. From bots that automate trades based on price action to sophisticated systems that scan social media for trending narratives, artificial intelligence is helping democratize advanced trading strategies.
While innovative, the growing number of AI-powered tools available for crypto trading can be overwhelming. To narrow the selection, Cryptonews reviewed three easy-to-use AI tools for crypto trading and strategy.
Each review explains how these plug-and-play tools work (no developer knowledge needed), who they are best suited for, and the risks associated.
Stoic AI
Stoic AI provides retail investors access to institutional-grade crypto trading strategies. According to Stoic’s strategy factsheet, the platform has been live-trading since 2017, with billions in volume. There are also over $200 million in assets connected to Stoic and over 15,000 users.
Sasha Sasev, head of product at Stoic AI, told Cryptonews that Stoic is not a typical trading bot, but rather, “a quant team crypto users can hire through an app.”
“Most crypto bots hand you tools and say, ‘configure it yourself.’ Stoic is different. Users don’t build anything, but rather pick a ready-made strategy and connect with a crypto exchange,” Sasev said.
Stoic’s quant team creates strategies using machine learning algorithms. Each strategy is back-tested, forward-tested, and then live-traded for years before being offered to the public.
How To Use Stoic AI
To get started, a user will first connect to a supported crypto exchange via an API. Exchanges include Binance, Coinbase, Bybit, KuCoin, and a handful of others. Sasev pointed out that Stoic only has permission to trade, never to withdraw access.
Stoic’s algorithms then execute trades automatically 24/7, rebalancing hourly or daily. Funds will never leave the exchange the account is connected with.
There are 4 plug-and-play strategies offered by Stoic AI:
