An AI algorithm that can detect anomalies in cryptocurrency market data has been launched by Axion AI. The artificial intelligence system can identify patterns of behavior in cryptocurrency markets that are not detectable in any other way. If the result of the search is positive, an alert warns about potential volatility events.
Detecting anomalies can help cryptocurrency traders to anticipate high-impact events in the market. This is particularly important in a historical moment in which preventing extreme events in the cryptocurrency market is more important than ever.
"Cryptocurrencies will inevitably redefine the financial sector and DeFinity is at the forefront of this evolution - says Daniele Grassi, CEO of Axyon AI -. We believe that our solutions based on artificial intelligence will provide to the community of DeFinity a precious help in the identification of market anomalies and risks associated with them."
Manu Choudhary, CEO of DeFinity, echoes the words of Daniele Grassi: "Artificial intelligence represents the pinnacle of technology in the era of information and we are incredibly lucky to be able to collaborate with Axyon AI, a true innovator in the sector."
Axyon AI is a leading FinTech company in Europe with experience in the use of Deep Learning/AI for asset management and trading. Its products are designed to respond to the needs of the financial world, from selecting stocks to asset allocation, to the detection of anomalies in the price of options.
DeFinity is a decentralized exchange platform that uses various existing blockchains, including WeOwn, Ethereum, Binance Smart Chain, Polkadot and Cardano. Focusing on interoperability, DeFinity aims to create a decentralized ecosystem more inclusive that helps to connect the traditional FX resources with the digital resources.