Crypto derivatives exchange BitMEX has launched Trading Bots, a new automated trading tool designed to offer automation based on predefined strategies or reactions to signals, for 24/7 crypto trading without the need for coding experience.

In a press statement, Stephan Lutz, CEO of BitMEX, said: “The BitMEX trading bot feature enables faster, data-driven decision-making - an advantage that even beginner traders can benefit from. By integrating these tools, we’re ensuring that our users, regardless of experience, have everything they need to navigate the complexities of the crypto markets.”

BitMEX offers two tiers of trading bots to cater to traders of different backgrounds: Basic Bots, aimed at beginners, allowing users to start automated trading with just a few clicks; and advanced Bots, designed for more experienced traders and providing a wide range of configuration options, including selection of time intervals, indicators (such as RSI), and more detailed parameters.

Each bot is fully customisable, allowing traders to set their preferred position sizes, time intervals, and other trade conditions. The platform hosts over 200 bots covering a wide array of crypto contracts, ensuring that users have access to a diverse range of trading strategies tailored to different market conditions.