BlockBank launches DeFi application with Robo Advisor

Please fol­low and like us:
Pin Share

Block­Bank, a large mobile bank­ing plat­form, has announced the launch of its DeFi appli­ca­tion which will com­bine decen­tral­ized finance with AI-pow­ered tech­nol­o­gy to help traders and investors make bet­ter trad­ing deci­sions in the cryp­to market.

The mobile app is expect­ed to be unveiled by the end of the year and would look to com­bine the tra­di­tion­al finance with DeFi in an inno­v­a­tive man­ner along with a Robo advi­sor that would be dri­ven by arti­fi­cial intel­li­gence and tiered rewards sys­tem that would gen­er­ate up to 20% APY. The Robo advi­sor is expect­ed to reduce the time that the traders and investors need to spend in mar­ket research and is also expect­ed to make trad­ing deci­sions eas­i­er and more reli­able across a range of cryp­to mar­kets includ­ing Bit­coin and many ERC20 tokens. The bank also has its native token, which is called BBANK  which can be used for trans­ac­tions on the plat­form and would also be used across plat­forms as well.

Robo advi­sors are gain­ing a lot of trac­tion in the trad­ing mar­ket over the last few years, along with social trad­ing, as the amount of data and the num­ber of instru­ments has increased man­i­fold dur­ing this peri­od. It has become very dif­fi­cult for traders to be able to digest and ana­lyze all the data that is being thrown at them and this has made the traders look towards Robo advi­sors to help them ana­lyze the data, do the mar­ket research and make trad­ing deci­sions that can be relied upon.

As far as the cryp­to mar­ket is con­cerned, the growth of Robo advi­sors is still an ongo­ing phe­nom­e­non and there is still a long way to go. Most of the cur­rent ones are adap­ta­tions of what works in the oth­er mar­kets and are rarely tai­lored towards the cryp­to mar­kets and their volatil­i­ty. So, the traders and the investors need to be care­ful when pick­ing and choos­ing the right Robo advi­sors to ensure that they don’t risk too much of their funds and also take into con­sid­er­a­tion the volatil­i­ty in the mar­kets that are not gen­er­al­ly seen in the oth­er mar­kets. If this is done, then it would be easy for the investors to get good returns from the mar­ket as the cryp­to mar­kets grow and matures.

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *