Latest news with #Bitsgap
Associated Press
13-03-2025
- Business
- Associated Press
Bitsgap Expands Backtesting Capabilities and Reports $3.7M Investment in LOOP Bot
03/13/2025, Tallinn, Estonia // KISS PR Brand Story PressWire // Bitsgap, the leading all-in-one trading automation platform, is excited to announce two major updates that enhance user experience and trading opportunities. The company is expanding its backtesting capabilities, extending the historical data range by an additional year. Bitsgap's LOOP Bot, a unique position trading bot known for its ability to earn in two currencies simultaneously, has witnessed explosive growth as clients have invested over $3.7 million in the last month. This surge in adoption has also driven a substantial rise in overall trading volume on the platform, showcasing growing trader confidence in automated strategies. 'The remarkable growth in LOOP Bot usage highlights the demand for intelligent, automated trading solutions that adapt to market volatility. We are thrilled to see our users leveraging LOOP Bot to maximize their trading potential,' added Sergey Gustun, Tech Product Owner at Bitsgap. Understanding market trends and testing strategies with historical data is crucial for traders looking to maximize profits. Bitsgap also is expanding its backtesting range, providing users access to an additional year of historical market data. This enhancement empowers traders with deeper insights and a more comprehensive analysis of their trading strategies before deployment. 'We are constantly improving our tools to help traders make informed decisions. Extending the backtesting range by another year gives users a broader perspective in evaluating their strategies, ' said Max Kalmykov, CEO at Bitsgap. With these developments, Bitsgap continues to solidify its position as a leading trading automation platform, empowering traders with cutting-edge tools to optimize their strategies and capitalize on market opportunities. Founded in 2016, Bitsgap has grown into one of the leading crypto aggregators, connecting with over 15 exchanges and serving a community of 600,000+ traders. Bitsgap offers a cloud-based, automated crypto trading platform equipped with a comprehensive suite of manual and automated trading tools, including smart orders, trading bots, and portfolio and risk management features. The company takes particular pride in its trading bots—DCA, GRID, and LOOP—which have delivered impressive returns in the crypto market. Media Contact
Associated Press
30-01-2025
- Business
- Associated Press
Bitsgap Launches Innovative LOOP Bot to Transform Crypto Trading
01/30/2025, Tallinn, Estonia // KISS PR Brand Story PressWire // Bitsgap, a leading provider of innovative automated cryptocurrency trading solutions, has unveiled its latest innovation, the LOOP Bot, designed to revolutionize the way traders manage and grow their crypto investments. This cutting-edge trading bot introduces a unique mechanism that reinvests earnings back into the market, boosting investment growth and enhancing profitability. Bitsgap Launches LOOP Bot The LOOP Bot stands out in the crowded market of trading bots with its distinctive order-placement system. Unlike traditional GRID bots, the LOOP bot strategically leaves gaps in its order structure, enabling traders to capitalize on more lucrative market opportunities. These gaps are key to its efficiency, allowing profits to be immediately reinvested, creating a snowball effect that amplifies returns over time. This advanced functionality is tailored for traders aiming for long-term portfolio growth. 'We developed the LOOP Bot to empower our clients with a smarter way to reinvest their profits and optimize their trading strategies. It's a perfect solution for those who want to maximize their returns,' says Sergey Gustun, Tech Product Owner of Bitsgap. Key Features and Benefits of LOOP Bot: Reinvestment Mechanism: Automatically channels earned profits back into the market to grow investments. Optimized Order Placement: Leverages strategic gaps in order grids for higher earning potential. Long-Term Trading Focus: Ideal for assets like SOL, BTC, and ETH, allowing users to maintain exposure to preferred assets for extended periods. Data-Driven Strategies: Designed for traders who monitor cycles and range-bound markets. Take-Profit Functionality: Mimics the proven mechanisms of Bitsgap's BTD bot to lock in profits efficiently. LOOP Bot seamlessly integrates with 15+ exchanges currently available on the Bitsgap platform, ensuring seamless integration and accessibility for traders worldwide. Supporting spot trading exclusively, LOOP Bot empowers users to optimize their portfolios within their preferred exchanges. Designed with long-term investors in mind, LOOP Bot is perfect for traders who want to capitalize on assets with predictable range movements. For instance, a user confident in ETH's cyclical behavior can deploy LOOP Bot to trade ETH consistently while maintaining long-term exposure to the asset. 'As the first platform to introduce LOOP Bot, we're expanding the trading strategies available to our users. This innovation underscores our commitment to equipping traders with tools that deliver substantial profits,' says Max Kalmykov, CEO of Bitsgap. Bitsgap has been at the forefront of algorithmic trading system development, consistently introducing innovative solutions to enhance user experience. As the first platform to introduce AI-driven portfolio management, Bitsgap set a new benchmark for efficiency and control in automated trading. Its trading bots, including the renowned DCA, GRID, BTD, and COMBO, have undergone regular enhancements to provide faster execution and improved risk management. With LOOP Bot, the platform continues its tradition of pioneering tools that cater to diverse trading needs and market conditions. About Bitsgap Bitsgap is a leading cryptocurrency trading platform and aggregator, connecting seamlessly with over 15 of the world's top exchanges. Serving a thriving community of more than 700,000 traders globally, Bitsgap has earned its reputation as a trusted, innovative solution in the world of digital asset trading. With 6 million trading bots launched, and $500 million in bot profit earned by users, Bitsgap's cloud-based platform delivers an all-in-one suite of trading solutions for traders of all experience levels. Media Contact
