Key takeaways
The cryptocurrency market has been bullish this week, with Bitcoin returning to the sub-$70k region. With the market still bullish, investment continues to flow into nascent projects.
Bitbot is looking to ease the trading process for traders. The project has so far raised a substantial amount to help it roll out its products.
What is Bitbot?
Bitbot is an exciting Web3 project designed to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading features.
Ideally, Bitbot can best be termed as a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. Investors in this project and its users would have a unique value proposition. Bitbot will leverage Telegram’s position as a leading social media platform for crypto users.
The team explained that Bitbot will provide traders with high-end features to help them grow their trading portfolios. These features are institutional-grade and will grant traders access to exceptional trading functions.
The total cryptocurrency market cap stands above $2.6 trillion and is expected to soar higher in the coming months. Bitbot wants to leverage the rising trading volume in the cryptocurrency market to gain massive adoption in the coming months and years.
With the entry of more retail and institutional traders, Bitbot could become a leading trading tool for them.
Bitbot’s technology to serve crypto traders
Bitbot is a tech-savvy tool that could become very useful to cryptocurrency traders. It seeks to ease the trading process for its users.
A primary focus for Bitbot is user security. The tool will use Knightsafe to offer a self-custody solution, eliminating the typical risks associated with Telegram trading. Secondly, the team will develop anti-MEV and anti-rug solutions to help users protect their assets. These features enable traders to avoid bots that artificially pump transaction costs and block scam projects from their timelines.
Additionally, Bitbot will use ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security to the users.
New traders can take advantage of Bitbot’s copy trading feature. This feature allows them to copy the trades of the strongest-performing wallets based on on-chain activities.
With Bitbot…