Business · Markets · 2 hrs ago

Crypto firms adopt AI trading agents as security concerns grow

Crypto firms adopt AI trading agents as security concerns grow

At a cryptocurrency conference in Singapore, founders and executives discussed how artificial intelligence is changing crypto trading.

Platforms including Robinhood, OKX, Binance and Bybit have introduced tools that let software agents manage trades.

Nansen CEO Alex Svanevik expects trading with agents to become normal by 2028, though he said that shift has not yet happened.

AI-assisted coding is also making it easier to build crypto applications, so founders say attracting and keeping users is becoming more important.

But autonomous agents can pose security risks: research found agents repeatedly tried, unsuccessfully, to submit trades on the Quidax exchange in September.

Crypto platforms are attractive targets because transactions cannot be reversed and weaknesses in their software can be exploited.

Some founders expect stronger safeguards and AI-based testing to help make crypto systems more secure over time.

What people are saying

Alex SvanevikCEO of Nansen
By 2028, the norm will be to trade with agents rather than clicking buttons on a user interface
via Fortune
Ido Ben-NatanCo-founder of Blockaid
Agents can do a lot more than people have already done
via Fortune
Liz MartinHead of Coinbase Institutional
When I think about my old world of electronic trading, we were playing around with Nvidia GPUs to trim things out—agentic trading is the next step.
via Fortune
Connor HoweFounder of Enso
Even with these hacks happening, it’ll eventually create a more bulletproof ecosystem.
via Fortune

Sources

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