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CME Group to launch BTC, ETH reference rates aimed at Asia’s investors

CME reported nearly half of its crypto volume year to date came from non-U.S. trading hours and around 11% from the Asia Pacific region. Derivatives marketplace CME Group is launching Bitcoin (BTC) and Ether (ETH) reference rates for the Asia Pacific region, in another sign of growing institutional interest in crypto from Asia. On Aug. 16, derivatives marketplace CME Group said it’s partnered with crypto indices provider CF Benchmarks and on Sept. 11 to launch the two Asia Pacific-focused crypto reference rates. Reference rates are used as a credible source of a cryptocurrency’s price and are used — in CME’s case — to price settlements of crypto futures contracts. CME Group said from Sept. 11, Asia-based crypto institutions and investors will get two reference rates that will track BTC and ETH, which will be published once a day at 4 pm Hong Kong time. CME Group has existing reference rates for the two cryptocurrencies, but they are published at times more suitable to investors in...

ATPBot launches automated crypto trading bot for investors

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ATPBot has released an auto- trading bot with simplified Features for both novice and experienced traders. ATPBot  focuses on quantitative trading strategy development and services. ATPBot utilizes artificial intelligence (AI) to develop and execute quantitative trading strategies for cryptocurrency investors. It offers preset parameters and extensive historical back-testing, providing users with proven strategy options without manual configuration. Source: ATPBot , 40-month backtest profit 879%, max drawdown 33% Using ATPBot requires three steps. After connecting to a crypto exchange API, the user selects a strategy that matches their requirements and enters the investment amount. Finally, they click Run and wait for the AI trading bot to capture signals and trade on their behalf 24 hours a day. Read more: Vitalik’s tests reveal the power of ChatGPT ATPBot uses extensively tested and proven strategies, providing highly detailed backtest data and constantly adjusting it...