Empowering digital asset exchanges with artificial intelligence, Aibit is ushering in a new era of CEX 3.0

Author: Aibit

Since the launch of ChatGPT in November last year, it has quickly attracted hundreds of millions of users in just a few months. Although the rapid expansion of ChatGPT has also faced some severe criticism and skepticism, it is undeniable that artificial intelligence technology has been widely accepted alongside the development of ChatGPT, sparking a wave of investment in the artificial intelligence industry.

People have keenly realized that ChatGPT is just the tip of the iceberg in showcasing the application prospects of artificial intelligence technology, and it has a vast stage in the future. For example, the integration of artificial intelligence with digital asset trading services is a promising future full of infinite possibilities, and this trend has been keenly captured and applied by Aibit.

What is Aibit?

Just from its literal meaning, one might mistakenly think that Aibit is a smart chat tool similar to ChatGPT, but that is not the case. What Aibit aims to do goes far beyond that. Aibit is a digital asset derivatives trading platform headquartered in Singapore, focusing on providing comprehensive digital financial asset services for investors, including contract trading, cryptocurrency trading, fiat trading, and various wealth management products. Aibit is committed to creating a new era where everyone can easily participate in the digital economy and enjoy the convenience and value growth brought by digital assets through the deep integration of artificial intelligence and blockchain technology.

Great ideals may carry some incredibility at their inception, but once one stands at the forefront, nothing is impossible. Looking back not too long ago, how many people in 2018 could have imagined that Compound, which had just been born, would trigger a highly watched "DeFi Summer" in 2020? Even earlier, in late 2017, when players were crazily chasing CryptoKitties, few would have thought that three years later, something called "NFT" would return with such fervor.

Artificial Intelligence and Digital Assets: A New Force Growing Amidst Doubts

No revolutionary new thing has ever grown without facing skepticism, and today's artificial intelligence is in a situation remarkably similar to that of Bitcoin 13 years ago. It is not only equally questioned but also born under a bleak global economic environment, which is both a coincidence and a destiny.

In the ever-changing digital asset market, the only constant is change, especially for exchanges, which are one of the important infrastructures in the digital asset market, adhering to the iron law of "no progress means regression." If we define the Mt. Gox era as the CEX 1.0 era, which could only provide simple matching services for users; and the era represented by HBO and Coinbase, which provided banking and futures options market services, as the CEX 2.0 era, then before the next bull market arrives, will the exchange track welcome a new transformation—entering the 3.0 era? It is not impossible; the rapid development of artificial intelligence has shown us a new direction. And between seeing and doing, Aibit has already taken the first step.

As a secure and transparent digital asset trading platform, Aibit will concentrate resources to build an Aibit full-ecosystem model, achieving inclusive finance in the digital age and making digital assets an indispensable part of the mainstream economy. However, it is worth noting that all exchanges now claim to be "secure and transparent." Can this relatively unknown new platform achieve that?

In fact, one can glimpse the difference between Aibit and the current CEX giants from its name—"AI+BIT." It aims to empower digital asset exchanges with AI technology, manage code with smarter technology, eliminate human weaknesses in the trading process through artificial intelligence, and more timely discover and seize market trading opportunities, providing every user with safe, efficient, and convenient digital asset trading and management services, paving a bright path to the Web3 era. As its slogan states, "Your Web3 world starts here," Aibit comes riding the wave, carrying a mission.

At Aibit, Start Your Web3 Journey

Although there is still no unified consensus in the industry regarding Web3, everyone has their own ideas and expectations for it. So, where to start your Web3 journey? This is undoubtedly a very practical question. For many residents accustomed to the Web2 world, taking the first step into the Web3 world is not easy, not only due to the participation threshold but also because of concerns about asset security and privacy. Fortunately, Aibit has quickly captured and addressed this issue, striving to provide a simple, transparent, and trustworthy Web3 channel for this world, for the digital asset industry, and for users investing in digital assets, leveraging the advantages of artificial intelligence technology.

Since the end of the last bull market, many unexpected events have occurred in the digital asset and traditional financial markets, such as the collapse of FTX and the bankruptcy of Silicon Valley Bank, ranked 16th in the U.S. Each incident has raised deep concerns about the institutions providing financial services—"Where can I safely place my assets?"

The answer is that only transparent platforms standing in the sunlight are safe. So how can transparency be achieved? Of course, it involves minimizing human influence and entrusting asset management, trading matching, and wealth investment to intelligent programs. For instance, Aibit relies on artificial intelligence technology to create an automated trading, risk control, personalized service, and security assurance one-stop transparent platform. It can provide users with intelligent algorithms for automated trading, significantly reducing the risk of human error, and responding more quickly to market changes. It can also help the platform achieve real-time monitoring of market anomalies, providing timely warnings for abnormal price fluctuations and trading volume changes of certain digital assets, fully ensuring the safety of user assets.

Aibit, Progressing Step by Step

As an important channel to Web3, the changes Aibit brings to digital asset exchanges go far beyond these. With the support of artificial intelligence technology, users can enjoy personalized services on Aibit based on their trading history and preferences. Additionally, Aibit has deeply integrated its customer service system with artificial intelligence, providing users with 24/7 intelligent Q&A, automated services, and other high-level specialized services, firmly believing in the value created by professionalism, bringing users an unprecedented trading and service experience.

It is reported that Aibit is currently pushing for brand upgrades and further product iterations, such as optimizing contract performance, upgrading the structure of spot data, transforming asset service technology, and optimizing asset center functions—important features related to user trading safety and experience will all meet users in a new form after this iteration, which gives us a little expectation.

Aibit, Sure to Break Through

Although Aibit has hit the right trend and integrated artificial intelligence technology to bring new trading products and experiences to users, it still faces the same skepticism as every new platform entering the digital asset space—"What qualifies an unknown exchange to compete with HBO and Coinbase?"

Let’s not forget that Binance, which currently holds the top position in CEX, rose to prominence in just a few months. The competition in the digital asset industry has never been about size but rather direction and speed. Looking back over the past decade, how many once-glorious giants have fallen? How many new forces have seized opportunities to leap forward?

Aibit’s commitment to empowering digital asset trading with artificial intelligence undoubtedly aligns with the zeitgeist. Change and self-reform have injected the most vital blood into the digital asset industry since the birth of Bitcoin. As the digital asset exchange track has developed to this point, especially now that artificial intelligence technology has reached the stage of practical application, it is time for internal self-reform. Aibit is precisely such a disruptor that comes bearing a mission.

Where is Aibit’s opportunity? According to the CoinGecko report on the cryptocurrency industry for the first quarter of 2023, the trading volume in the digital asset industry reached $2.8 trillion, a quarter-on-quarter increase of 18.1%; by the second quarter, the total market value of digital assets approached $1.5 trillion. What does this mean? Compared to the market capitalization rankings of major global stock markets, even in a bear market, the digital asset market could rank 36th, just behind Poland at $1.77 trillion. This is the largest foundational market Aibit faces.

Of course, on top of this foundational market, Aibit’s trump card for breaking through remains artificial intelligence. The rapid development of artificial intelligence technology may far exceed our imagination, and thus the upgrades and iterations that Aibit can achieve based on artificial intelligence technology are also full of possibilities. Throughout history, the pioneers who enjoyed the first-mover advantage in any era are the most capable of exploring new development directions for the future. However, weighing the pros and cons, they often end up becoming representatives of conservative forces. Therefore, the first step to breaking the old world and stepping into the new world is often taken by newcomers without historical burdens.

In the wave of artificial intelligence, the current operational model of digital asset exchanges will inevitably be impacted. Rather than passively changing, it is better to take the initiative. Now Aibit has taken this important step. Its goal is not to challenge giants like Coinbase or HBO, but to carve out a new path in front of them and then resolutely walk down this path toward a broader future, creating a little more courage for the world to dare to explore.