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OKX launches automated trading bots for Australian crypto traders
Cryptocurrency platform OKX Australia has introduced two automated trading bots aimed at helping local traders manage their digital asset portfolios around the clock.
OKX launches automated trading bots for Australian crypto traders
Cryptocurrency platform OKX Australia has introduced two automated trading bots aimed at helping local traders manage their digital asset portfolios around the clock.
The company launched its Spot Grid Bot and DCA Martingale Bot as Australia's cryptocurrency user base is expected to reach 11.8 million in 2025, according to Statista.
The Spot Grid Bot creates a range of automated buy and sell orders within price parameters set by users, while the DCA Martingale Bot manages positions by automatically purchasing additional assets when prices fall.
Both trading tools include risk management features like customisable stop-loss settings and real-time monitoring capabilities.
"These automated solutions are powerful tools offered to users to manage their trading," OKX Australia said.
The platform has seen local trading volumes triple since launching in Australia in May 2024.
Both bots are currently available through the OKX mobile app, with web access planned for future release.
The company is running a promotion offering rewards up to 60 USDT for users who complete bot-related quizzes and achieve certain trading volumes.
OKX Australia allows direct Australian dollar deposits and withdrawals, offering over 503 cryptocurrency trading pairs and more than 278 tokens.
The platform recently won "Cryptocurrency Exchange of the Year" at the WeMoney Cryptocurrency Awards and has increased its local team by 150% in recent months.
OKX is currently running its Summer of Crypto campaign until February 28, 2025, featuring billboards across Sydney displaying real-time cryptocurrency prices alongside median house prices.
New customers can receive $20 in Bitcoin when trading $20 within their first 14 days of joining the platform.
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