DeFi AI derivatives trading
Level01 founder Jonathan Loi is bringing AI to DeFi derivatives trading (Photo: Level01)
Technology

DeFi platform adds artificial intelligence to derivatives trading

The platform uses AI to allow its users to “mitigate risk while knowing in real-time the potential for returns” on both crypto and traditional derivatives

By  / September 9, 2020 /

Two financial technology firms are collaborating to launch a decentralized finance (DeFi) platform that the companies claim is unlike any other.

According to a Sept. 8 announcement, DeFi firms Level01 technologies and AGDelta signed a partnership to allow artificial intelligence-guided (AI) derivatives trading on a DeFi platform. The financial derivatives in question would be based on both conventional and cryptocurrency assets.

Level01 founder Jonathan Loi said that he believes that the collaboration will allow his platform to reach “greater transparency, efficiency, flexibility and enhanced liquidity.” 

AGDelta CEO Andrew Au said that he believes this is the first example of a union between crypto and traditional derivatives in the region:

“We welcome Level01 unique offering to our network and strongly believe this will be the region’s first industrial-strength platform to cater [to] the convergence between conventional securities and digital securities and how they are traded.”

AGDelta is live in 15 countries throughout Asia and the Europe-Middle East-Africa (EMEA) regions.

According to a September 4 announcement the platform uses AI to allow its users to “mitigate risk while knowing in real-time the potential for returns.” The firm believes that this makes options trading “more accessible as a whole to retail investors of all skill levels.”

Is DeFi the hottest area of focus in crypto?

Decentralized finance is seeing a great deal of attention and development lately. As Modern Consensus reported at the end of August, cryptocurrency exchange OKEx listed eight new DeFi tokens in a single day.

Among the tokens newly listed by OKEx there’s Yearn.finance (YFI)—the first token ever that eclipsed the price of Bitcoin. CoinMarketCap data shows that on August 31, it broke $39,000.

Shortly thereafter, world’s top crypto exchange Binance announced the launch of a DeFi staking service that supports the exchange’s crypto asset Binance Coin (BNB), its stablecoin Binance USD (BUSD) or the token of data renting protocol Arpa Chain (ARPA). The first token that will be distributed with this system will be the DeFi ecosystem Bella Protocol (BEL).

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Adrian is a newswriter based out of Pisa, Italy. He's passionate about cryptocurrency, digital rights, IT, tech and futurology and likes to think about the future in a positive way.