Crypto Exchange HKVAEX gets backed by Binance. AI powered Exchange Option2Trade launches Algorithmic Plug and Play Bot

According to many online sources, the Hong Kong-based crypto exchange HKVAEX is suspected to be backed by the Binance exchange. HKVAEX Claims that it is an independent entity still there are many reasons to not believe it. It is backed by Binance or not changes a lot for the traders in the sense of credibility, centralization, and regulations. 

However, if you want to avoid all this hassle and want to trade all the assets on the go, try the AI-powered plug-and-play algorithmic bot by Option2Trade (O2T).

Binance Backs HKVAEX Crypto Exchange:

HKVAEX was established in December 20HKVAEX and launched its trading platform in February 2023. According to SCMP sources, HKVAEX was set up by Binance as a new face to secure trading licenses in Hong Kong. The exchange's website is using Binance servers to fetch data. How HKVAEX's connection to Binance can impact the traders?

Pros:

• HKVAEX can benefit from Binance's huge ecosystem, expertise, and resources.

• HKVAEX can offer Binance a way to get into the Hong Kong crypto industry.

• HKVAEX could win Binance new users and more liquidity from the Asian market, particularly from mainland China where Binance does not operate.

Cons:

• Crypto is a trustless space and therefore, the crypto projects and exchanges should be fair to the community. HKVAEX hiding Binance's involvement could be a red flag.

• HKVAEX is not yet regulated as the Securities and Futures Commission (SFC) has not issued any virtual asset trading platform licenses.

• It faces huge competition in the city as some exchanges like OSL have already secured their trading license. 

One should bother about these ifs and buts if there's only one exchange to trade on. Luckily there are many crypto exchanges that are well-regulated and offer better trading features and tools. Option2Trade (O2T) is one such example.

Option2Trade Offers AI-powered Plug and Play Algorithmic Bot:

Algorithmic Plug and Play Trading Bots are automated trading bots that trade your assets based on predefined rules, trading strategies, and indicators. These trading bots have a high success rate and their success is determined based on their win rate in the trades. These trades are designed to automate the trading based on the trader's preferences.

Since the crypto market is highly volatile the efficiency of these tools gets reduced in volatile market situations. A volatile market requires increased risk management to save the traders' assets. If a tool is intelligent enough to understand the market situation and trade accordingly, the chances of winning double. Option2Trade (O2T) offers a Plug and Play Bot that uses AI to determine the market conditions and to make trading decisions. This algorithmic AI trading bot can help traders in many including:

• A user-friendly interface to help beginners and a set of professional tools to select instruments, indicators, and risk parameters.

• Access to premium indicators and, a variety of trading strategies to improve the win rate.

• Integration of AI to perform in different market conditions and different trading styles such as trend following, mean revision, breakout, and arbitrage.

• Features like backtesting and AI optimization of the trading strategies to evolve the trading tools to improve profitability over time.

• The choice of automatic and semi-automatic trades on the specified assets to save time and effort.

Thanks to AI, Option2Trade (O2T) Plug and Play Trading Bot has a proven track record of high success rate and minimizes the traders' losses. The AI-based trading bots understand your trading habits and preferences and aligns itself accordingly to turn the maximum number of trades profitable. 

Join Option2Trade (O2T) ecosystem and benefit from all premium trading features including the algorithmic trading bot.

For more information on the Option2Trade (O2T) Presale: 

Visit Option2Trade

Join and become a community member: 

https://t.me/O2TOfficial 

https://twitter.com/Option2Trade