Those bots are now active on cryptocurrency platforms. In 2013, finance worker Joseph Lee launched trading platform BTC.sx after having made a reported $150,000 in profit using scripted trading bots to buy and sell Bitcoin. Assessing the percentage of cryptocurrency trades made by bots rather than humans is difficult. Joseph Lee’s simple trading algorithm would have brought greater stability by providing liquidity to newer platforms with small trading volumes. They’re also more influenced by events that bots can’t analyze, such as the announcement of a new government regulation in Beijing.

Source: Forbes December 01, 2017 13:30 UTC