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Trading bots have been playing an increasingly important role in the world of cryptocurrency. That in itself is a very positive development, although it may lead to a lot more speculation and volatility. It seems a few bots are making their mark on the South Korean cryptocurrency industry these days, which is well worth keeping an eye on. The Rise of Trading Bots in South Korea Most people will know by now that South Korea plays a critical role in the world of cryptocurrency. Its local exchanges generate a lot of volume, mainly because South Korea overtook both China and Japan in terms of trading volume quite some time ago. Even so, any development taking place in South Korea is worth taking note of, as it may spill over to other parts of the world as well. One of the more interesting trends over the past few months has been the increase in the number of cryptocurrency trading bots. Though it’s not unexpected by any means, automatic trading bots are quickly taking center stage in South Korea. Several key trading bots can be identified in this regard. It appears Coinsum and Watchbot are growing in popularity. This software is designed to buy and sell cryptocurrencies by monitoring market movements. Under the hood, these bots make use of various algorithms as well as other trading methods. It is quite interesting to see local companies developing their own trading bots for the South Korean market. By supporting all of the major exchanges across…
Source: South Korea’s Cryptocurrency Industry Sees a Growing Number of Trading Bots
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