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Artmarket.com: Artprice’s Standardized Marketplace® now accepts cryptocurrencies Bitcoin and Ethereum for transactions on its platform
PARIS, Nov. 20, 2023 /PRNewswire/ — According to thierry Ehrmann, Founder of Artprice and CEO of Artmarket: “After a period of very cautious observation, cryptocurrencies are now showing positive signals. Artprice by Artmarket now considers the circumstances favorable to integrate – as of today – the cryptocurrencies Bitcoin and Ethereum across the entirety of its famous Standardized Marketplace®, created in 2005. These cryptocurrencies are now competing with major international currencies and it is only natural that Artprice should also add Art NFTs to its Marketplace, in a new category/medium, giving them a legitimate place in Art Market History.”
Our decision to quote cryptocurrency prices on our Standardized Marketplace® comes after a long and careful observation of an increase in consultation of auction results in Bitcoin and Ethereum across all of Artprice’s databases since their effective integration into our system in September 2022.
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These two main cryptocurrencies (ETH and BTC) account for more than 82% of the total value of the approximately 21,000 currently existing cryptocurrencies (excluding stablecoins).
By analyzing its hundreds of millions of connection logs, Artprice has observed – over 14 months – a regular increase in consultations of the Bitcoin and Ethereum prices in its databanks, which are now, in statistical terms, close to the consultations of the major international reference currencies such as the dollar, the euro, sterling or the yen.
This evolution at Artprice reflects the growing place of cryptocurrencies in the mentalities and habits of art professionals as well as among collectors and art enthusiasts.
In view of these positive and indisputable statistics over 14 months, Artprice by Artmarket has made the historic decision to integrate Bitcoin and Ethereum today into its Standardized Marketplace® which presents more than 75,000 works of art from around the world on a daily basis. These works are bought and sold by Artprice’s 7.2 million customers and members, generating an annual turnover estimated at several hundred million euros. The success of this platform reflects the confidence, built over more than 18 years, between its buyers and sellers.
The inclusion of Art NFTs in Artprice by Artmarket‘s Standardized Marketplace®, along with their quotation in Bitcoin and Ethereum (next to the major international currencies), will undoubtedly make a significant contribution to the overall legitimization of this new medium on the art market.
Artprice by Artmarket’s Standardized Marketplace® will immediately have an undeniable competitive advantage because the main existing NFT platforms have still not resolved a number of fundamental issues due to lack of time, of financial means, but also, and above all, due to their incapacity to manage and administrate all the related copyright issues.
Indeed, OpenSea, the leading NFT platform, itself declares that 80% of the primary issues of Art NFTs are likely to impact third-party intellectual property rights. Faced with this observation, Opensea has announced it is considering solutions to counter this problem and thereby protect sellers and buyers. This can only lead to the certification of the primary issue market by Artprice.
It is precisely in the primary issue of Art NFTs that Artprice by Artmarket can generate excellent turnover (and profits) already up 75% in Q3 2023.
Bearing in mind all the underlying parameters and data required, Artprice is the only organization on the global art market to be able to truly respond to the certification of primary emissions of Art NFTs in an environment of cryptocurrencies and major international currencies.
This capacity to certify the primary emissions of Art NFTs is based on the fact that Artprice by Artmarket has been the Global Leader in Art Market Information for more than 25 years and is the creator and owner of its globally recognized databases. It also has the world’s largest documentary collection of art market notes, manuscripts, codices, and annotated sales catalogs from 1700 to the present day which act as guarantee of the authenticity and historical veracity of its databases.
Artprice by Artmarket‘s position as Global Leader in Art Market Information – with its Standardized Marketplace® created in 2005 – provides a perfectly logical and absolutely essential guarantee recognized throughout the art market. This is because for the last 25 years, we have been practicing exactly what is needed for the online sale of art NFTs, namely the initial certification of the artist followed by the meticulous analysis of his/her biography and of all the original supporting documents concerning the artist, which subsequently remain in Artprice’s archives. It is this practice that inspires the market’s confidence and recognition.
More precisely, we cannot allow the offer of an artwork or of an art NFT to be posted online without validation of the identity of the artist (especially in crypto art), and of the professional seller, via a very strict and draconian control procedure. In the context of the sale of NFTs, this is all the more important as there is a certain laxity at this level, which has led to numerous problems on other sites.
The added value of Artprice by Artmarket is quite simply its knowledge of the artists, either through their previous auction results or through their emerging notoriety. In addition, an Artprice Intranet messaging system is made available to buyers and sellers, so that they can agree on their transaction in a confidential and consensual manner.
The September 2022 quotation of auction results in cryptocurrencies was the first stone in the edifice, and it was introduced after considerable reflection and research. Artprice by Artmarket had already taken a first step by quoting 8,828,384 art auction results in Bitcoin, dating back to 1 February 2011 (with 1 Bitcoin at $0.7, £0.434031, and €0.50707) and 5,814,866 art auction results in Ethereum, dating back to 7 August 2015 (with 1 Ethereum at $3, £1.93626 and €2.735523).
The addition of the two reference cryptocurrencies to the historical currencies of the 20th century (dollar, euro, Sterling, yen) in Artprice’s databases gave our clients the necessary perspective to understand the development of cryptocurrencies over more than a decade vis-à-vis the world’s major non-cryptocurrencies.
Cryptocurrencies have brought new collectors and art enthusiasts, often younger than their non-crypto peers. Not averse to speculation and risk, they have no intention of abandoning the crypto-universe of Web 3.0. These new customers, who frequently requested data from Artprice by Artmarket, constantly requested the addition of ETH and BTC to all Artprice databases and to its Standardized Marketplace®.
For this reason, Artprice is currently finalizing the Metaverse of its head office located in the heart of its illustrious L’Organe, Museum of Contemporary Art which manages the Demeure du Chaos / Abode of Chaos (dixit The New York Times). To create the Metaverse of this edifice with its highly singular architecture (that falls into the category “total work of art”) created by thierry Ehrmann (who is also a visual artist), the European group TT Géoomètres Experts with its 3D Lab and Groupe Serveur (Artprice’s parent company) carried out the complete digitization of the 6,300 artworks integrated into the buildings, offices, outbuildings and surrounding walls, covering a surface area of over 7,555 m², leading to the creation of a digital asset of 12 terra-bytes. This work was conducted from 2018 to 2023. For more information see:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
All the necessary investments have already been fully covered by Groupe Serveur.
The future of Artprice by Artmarket is the meeting point between Web 3.0. and Artprice’s proprietary artificial intelligence, Intuitive Artmarket ® AI.
The Artprice Metaverse, accessible in AR (augmented reality) and/or VR (virtual reality), currently being finalized, has been designed to make people forget rigid IT with Web 2.0, a veritable obstacle to creation. It will allow crypto-universe enthusiasts to live their experiences to the full, in particular through the release announced at WWDC 2023 of Apple’s Vision Pro, the perfect symbiosis of AR and VR, to which is added among others the Meta Quest 3, the HoloLens 2 from Microsoft, the VR DELL VRP100, the VRX from Lenovo, the Gear VR R322 from Samsung, the Reverb G2 from HP, all this to join Web 3.0.
During the period of cautious observation of cryptocurrencies conducted by Artprice by Artmarket, lots of more or less unpredictable events have destabilized the global economy and particularly, cryptocurrencies.
After reaching historic highs on 10 November 2021 (at $68,989 for Bitcoin and $4,866 for Ethereum), cryptocurrencies then began a steady decline to reach lows at $15,480 on 21 November 2022 for Bitcoin and $880 for Ethereum on 18 June 2022.
The year 2022 and a large part of 2023 were therefore the final test for cryptocurrencies, with a dizzying descent, a drastic purge of outsiders, a series of memorable trials (fraudulent bankruptcy of Sam Bankman-Fried’s FTX), the introduction of drastic regulations, all against the backdrop of a very difficult economic, financial and geopolitical context, with galloping inflation, stagnation in world trade and a meteoric rise in interest rates.
However, this ‘trial by fire’ has ultimately made it possible to establish cryptocurrencies in the international monetary system and in its history, and the world of finance is well aware of the resilience of leading cryptocurrencies to crises. Morgan Stanley and JP Morgan Chase are now both offering Bitcoin funds to their clients.
Moreover, despite the economic context described above, nothing has stopped a number of planned developments such as the transition to “The Merge” on 15 September 2022 for the complete ‘decarbonization’ of the Ethereum 2.0 Blockchain in the context of the global energy crisis. Indeed, according to its founder, Vitalik Buterin, thanks to “The Merge”, after 7 years of development and successful beta tests, the electricity consumption of the ETH Blockchain has been reduced by over 99.95% by switching from “Proof of Work” (PoW) to “Proof of Stake” (PoS) (Source Ethereum Foundation).
In a global context where concerns about global warming have reached a fever pitch, this is indeed a vital development, and it explains, among other things, the Central Bank of Norway’s decision to build the Norwegian MNBC (Central Bank Digital Currency) on Ethereum and that of Bank of America to qualify Ethereum as a virtuous investment, calling it a “green giant”.
However, it is BlackRock’s announcement, the world’s biggest asset manager, which seems to definitively signal the re-awakening of cryptocurrencies and the end of the bear market. After submitting a first Bitcoin spot ETF (Exchange Traded Fund) file with the SEC (Securities and Exchange Commission), BlackRock filed a second one on Thursday, 9 November 2023 for an Ethereum spot ETF called iShares Ethereum Trust. This will allow retail investors to gain exposure to the second-largest cryptocurrency by market capitalization without having to directly hold the asset.
Price projections are also currently very positive. The consensus of analysts from major American banks is very favorable to cryptocurrencies, in particular Bitcoin and Ethereum, with targets at significantly higher than current prices.
thierry Ehrmann: “We were patiently waiting for the right moment to launch this key deployment in the history of Artprice by Artmarket in the best conditions for both the art market and for cryptocurrencies. It is now time for us to take the step of deploying our authoritative Standardized Marketplace® and opening it to the world of cryptocurrencies and NFTs, by entering Web 3.0. which is quite simply the immediate future of the Internet. This step would not have been possible without the knowledge and experience of Artprice, which has been the Global Leader in Art Market Information for more than 25 years.
Images:
[https://imgpublic.artprice.com/img/wp/sites/11/2023/11/image1_bitcoin_artprice.jpg] [https://imgpublic.artprice.com/img/wp/sites/11/2023/11/image2_ethereum_the_merge_artprice.jpg]
Copyright 1987-2023 thierry Ehrmann www.artprice.com – www.artmarket.com
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Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
See certified biography in Who’s who ©:
https://imgpublic.artprice.com/img/wp/sites/11/2023/04/2023_2_Biographie-thierry-Ehrmann_WhosWhoInFrance.pdf
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years ) in databanks containing over 30 million indices and auction results, covering more than 825,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket publishes its 2023 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023
Artprice by Artmarket’s Global Art Market Report, “The Art Market in 2022”, published in March 2023:
https://www.artprice.com/artprice-reports/the-art-market-in-2022
Index of press releases posted by Artmarket with its Artprice department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 6.4 million followers)
Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos / Abode of Chaos
GESAMTKUNSTWERK & SINGULAR ACRHITECTURE
Confidential bilingual work now public:
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· L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
· www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (over 4 million followers)
Contact Artmarket.com and its Artprice department – Contact: Thierry Ehrmann, [email protected]
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MIAMI, Jan. 5, 2025 /PRNewswire/ — The cloud-based payroll software market is set for continued growth, with projections showing a significant increase in market value over the next few years. This trend reflects a growing reliance on automated systems to manage payroll processes, boosting efficiency and reducing manual errors.
The payroll service industry is evolving rapidly, driven by advancements in technology and shifting workforce dynamics. As 2025 begins, businesses are turning to payroll processing service providers more than ever to streamline operations, reduce costs, and ensure compliance in an increasingly complex regulatory environment.
Technological Advancements in Payroll Solutions
Payroll solutions are entering a new era, driven by cutting-edge technologies like cloud computing, artificial intelligence (AI), and machine learning. These advancements are transforming payroll management, enabling real-time data access, automating complex tasks, and minimizing errors. From precise tax calculations to seamless benefits administration and accurate employee compensation, modern payroll systems are tackling challenges with unparalleled efficiency. As businesses increasingly embrace these innovations, the role of technology in redefining payroll services continues to make headlines, highlighting its impact on streamlining operations and ensuring compliance.
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“Our clients are benefiting from faster processing times, automated compliance updates, and an overall reduction in manual work,” said Ajay Mehta, CEO of IBN Technologies. “The role of technology in payroll management cannot be overstated, and it’s helping businesses focus on growth rather than administrative tasks.”
Adapting to a Changing Workforce
Most of the top companies embrace remote, hybrid, and gig economy workforces, manage payroll processing to accommodate diverse employment models. This includes handling multi-state and international payroll, managing freelancers, and ensuring compliance with varying tax laws.
“Businesses are increasingly hiring remote workers and freelancers, making it more critical than ever for payroll service providers to ensure that they are compliant with complex regulations,” said Ajay Mehta, CEO of IBN Technologies. “Our clients can rely on us to navigate these challenges and provide seamless payroll experiences.”
Why Automation is the Future of Payroll
As 2025 unfolds, payroll services are undergoing a transformative shift, driven by automation, cloud technology, and AI. Cloud-based platforms are offering businesses unparalleled flexibility, while automation streamlines processes, reduces errors, and enhances accuracy. Integration with HR and financial systems simplifies operations, and self-service portals empower employees with greater transparency and control. Meanwhile, advanced solutions are tackling the complexities of global compliance, ensuring businesses meet international regulations. Together, these innovations are revolutionizing payroll, creating a more efficient, secure, and employee-focused experience for the modern workforce.
Modern Payroll Management
Companies like IBN Technologies is at the forefront of driving innovation and efficiency in modern business operations. By leveraging advanced technologies like automation, AI, and seamless integrations, they empower enterprises to streamline processes, enhance accuracy, and meet the demands of a dynamic global market. Focused on delivering customized solutions, IBN is transforming traditional workflows into agile, efficient systems, setting new benchmarks in operational excellence.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA: IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
Description- Payroll services transform with AI, cloud tech, and automation, enhancing efficiency, accuracy, and compliance.
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Fintech PR
Artificial Intelligence (AI) in Trading Market to Reach USD 35 Billion by 2030, Growing at a 10% CAGR | Valuates Reports
BANGALORE, India, Jan. 3, 2025 /PRNewswire/ — AI in Trading Market is Segmented by Type (Software, Services), by Application (Automotive, IT & Telecommunication, Transportation & Logistics, Energy & Utilities, Healthcare, Retail, Manufacturing).
The Global Artificial Intelligence in Trading Market was valued at USD 18 Billion in 2023 and is anticipated to reach USD 35 Billion by 2030, witnessing a CAGR of 10% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Artificial Intelligence (AI) in Trading Market:
The Artificial Intelligence in Trading market is on a robust growth trajectory, driven by the increasing adoption of AI technologies to enhance trading performance and operational efficiency. The integration of machine learning algorithms, predictive analytics, and automated trading systems is transforming the landscape of financial trading, enabling more informed and strategic decision-making. The rising complexity and volatility of financial markets necessitate advanced AI-driven solutions that can analyze vast amounts of data, identify market trends, and execute trades with precision and speed. Additionally, the continuous advancements in AI and machine learning technologies are expanding the capabilities and applications of AI in trading, making these solutions more accessible and effective for a broader range of traders and financial institutions. The growing emphasis on data-driven trading strategies, coupled with the need for competitive advantage and risk management, propels the demand for AI-driven trading technologies. As financial markets continue to evolve and embrace digital transformation, the Artificial Intelligence in Trading market is poised to achieve significant growth, driven by innovation, investment, and the increasing reliance on technology-driven trading solutions.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL AI IN TRADING MARKET:
Software solutions are instrumental in driving the growth of the Artificial Intelligence in Trading market by enhancing the efficiency, accuracy, and speed of trading operations. Advanced trading software incorporates machine learning algorithms, predictive analytics, and real-time data processing capabilities, enabling traders to make informed decisions based on comprehensive market insights. These software platforms facilitate automated trading strategies, allowing for the execution of trades at optimal times without human intervention, thereby reducing latency and increasing profitability. Additionally, sophisticated risk management tools integrated into trading software help in identifying and mitigating potential risks, ensuring more stable and secure trading environments. The continuous evolution of trading software, with the integration of AI-driven features such as sentiment analysis and anomaly detection, further propels market growth by offering traders innovative tools to navigate complex financial markets. The increasing reliance on technology-driven trading solutions underscores the critical role of software in expanding the Artificial Intelligence in Trading market.
Services play a pivotal role in driving the growth of the Artificial Intelligence in Trading market by providing essential support and expertise required to implement and optimize AI-driven trading strategies. These services include consulting, system integration, data management, and ongoing technical support, which are crucial for financial institutions and traders looking to leverage AI technologies effectively. Professional services help organizations navigate the complexities of AI adoption, ensuring that AI models are accurately tailored to specific trading needs and market conditions. Additionally, managed services offer continuous monitoring and maintenance of AI systems, ensuring their optimal performance and adaptability to evolving market dynamics. Training and education services further enhance the capabilities of trading teams, equipping them with the necessary skills to utilize AI tools effectively. The comprehensive range of services provided by specialized firms enables seamless integration of AI technologies into trading operations, thereby accelerating the adoption and expansion of the Artificial Intelligence in Trading market.
Financial services are a major catalyst in the growth of the Artificial Intelligence in Trading market, as they are at the forefront of adopting AI technologies to gain a competitive edge in the financial markets. Investment banks, hedge funds, asset management firms, and proprietary trading firms increasingly utilize AI-driven trading systems to enhance their trading strategies, improve decision-making processes, and optimize portfolio management. The ability of AI to analyze vast amounts of financial data, identify market trends, and execute trades at high speeds enables financial services firms to achieve higher returns and manage risks more effectively. Additionally, the integration of AI in areas such as algorithmic trading, fraud detection, and customer service enhances operational efficiency and service quality within financial institutions. The growing recognition of AI’s potential to transform trading practices and deliver superior financial performance drives the continuous investment and expansion of AI technologies in the financial services sector, thereby propelling the growth of the Artificial Intelligence in Trading market.
The increasing demand for high-speed trading is a significant factor driving the Artificial Intelligence in Trading market. In today’s fast-paced financial markets, the ability to execute trades within milliseconds can provide a substantial competitive advantage. AI-driven trading systems are designed to process large volumes of data and execute trades at speeds that far surpass human capabilities, enabling traders to capitalize on fleeting market opportunities. The rise of high-frequency trading (HFT) strategies, which rely on rapid data analysis and automated execution, underscores the need for advanced AI technologies that can deliver the required speed and precision. The growing complexity and volatility of financial markets further amplify the demand for high-speed trading solutions, as traders seek to navigate rapid price fluctuations and capitalize on minute market movements. The continuous advancement of AI technologies to enhance trading speed and efficiency drives the expansion of the Artificial Intelligence in Trading market.
The availability and integration of vast amounts of financial data are crucial drivers of the Artificial Intelligence in Trading market. The proliferation of data sources, including market feeds, news articles, social media, and economic indicators, provides a rich foundation for AI algorithms to analyze and derive actionable insights. Effective integration of diverse data sets allows AI systems to develop more accurate predictive models and trading strategies, enhancing their ability to anticipate market movements and make informed trading decisions. Additionally, the advancement of big data technologies and data processing frameworks facilitates the seamless ingestion, storage, and analysis of large-scale financial data, enabling AI-driven trading systems to operate more efficiently and effectively. The increasing emphasis on data-driven decision-making in trading practices underscores the importance of robust data integration capabilities, thereby fueling the growth of the Artificial Intelligence in Trading market.
Effective risk management and mitigation are critical factors driving the Artificial Intelligence in Trading market. AI-driven trading systems offer advanced risk assessment and management capabilities that help traders and financial institutions identify, evaluate, and mitigate potential risks in real-time. Machine learning algorithms can analyze historical and real-time data to detect abnormal trading patterns, predict market downturns, and optimize portfolio allocations to minimize exposure to adverse market conditions. Additionally, AI technologies enable the development of sophisticated hedging strategies and automated stop-loss mechanisms, enhancing the ability to manage financial risks proactively. The ability to quickly adapt to changing market dynamics and implement risk mitigation measures is essential for maintaining financial stability and achieving sustainable trading performance. As the complexity and interconnectedness of financial markets increase, the demand for robust AI-driven risk management solutions intensifies, thereby fueling the growth of the Artificial Intelligence in Trading market.
Achieving a competitive advantage is a significant driver in the growth of the Artificial Intelligence in Trading market. Financial institutions and traders seek to leverage AI technologies to gain an edge over competitors by enhancing the speed, accuracy, and efficiency of their trading operations. AI-driven trading systems enable the development of proprietary trading strategies, optimize trade execution, and improve the ability to anticipate market movements, thereby increasing profitability and market share. The ability to process and analyze vast amounts of data in real-time allows traders to make informed decisions faster than competitors relying on traditional trading methods. Additionally, AI technologies facilitate the customization of trading strategies to align with specific investment goals and risk profiles, further differentiating traders in the competitive financial landscape. The pursuit of superior performance and the need to stay ahead in the highly competitive trading environment drive the adoption and investment in AI-driven trading solutions, thereby propelling the growth of the Artificial Intelligence in Trading market.
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AI IN TRADING MARKET SHARE
China and the United States are two leaders in the AI industry. On the AI 100 list (2022) released by CB Insights, the number of companies in the United States ranks first, with more than 70 companies, followed by the United Kingdom, with 8 companies on the list. China and Canada both hold 5 companies on the list. According to data from the China Academy of Information and Communications Technology, the scale of China’s core artificial intelligence industry reached ¥508 Billion in 2022, a year-on-year increase of 18%.
The Artificial Intelligence in Trading market exhibits significant regional variations, influenced by factors such as financial market maturity, technological infrastructure, and regulatory environments. North America leads the market, driven by the presence of major financial hubs like New York and Silicon Valley, advanced technological infrastructure, and a high concentration of fintech startups specializing in AI-driven trading solutions.
Key Companies:
- IBM Corporation
- Trading Technologies International, Inc
- GreenKey Technologies, LLC
- Trade Ideas, LLC
- Imperative Execution Inc
- Looking Glass Investments LLC
- Aitrades
- Kavout
- Auquan
- WOA
- Techtrader
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Fintech PR
Bybit x Block Scholes Report: BTC Options Steady with Call-Put Parity, ETH Braces for Short-Term Volatility
DUBAI, UAE, Jan. 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report in collaboration with Block Scholes. The report sheds light on key trends in open interest and market behavior during the significant year-end options expiration for Bitcoin (BTC) and Ethereum (ETH).
Key highlights:
Open Interest Solid Amid Year-End Options Expiration
Although open interest in BTC and ETH perpetual swaps has not returned to the early December 2024 highs, it remained stable during the critical year-end options expiration. This stability suggests that traders did not heavily rely on perpetual contracts to hedge the delta of expiring options, which contributed to the muted volatility observed during this period. Trading volumes dipped during the winter holiday season, aligning with a collapse in realized volatility, which reached its lowest levels of December.
BTC Option Curve Remains Steep During Call-Put Parity
Contrary to expectations, the expiration of December’s options did not spark a surge in volatility. Instead, realized volatility declined to the lower end of its recent range. The implied volatility term structure for BTC options remains steep, with longer-dated implied volatility hovering around 57% and 1-week at-the-money options trading approximately five points lower. Most of the expired open interest has not been reinvested, maintaining a neutral call-put balance. As a result, BTC’s options market shows limited leverage compared to its position at the beginning of December 2024, reflecting a cautious sentiment.
Huge ETH Option Expiring Doesn’t Cause Volatility
Despite the substantial expiration of ETH options in late December 2024, market dynamics remained stable. A spike in realized volatility during December failed to extend into the new year, with ETH’s spot price currently showing lower volatility compared to short-tenor implied volatility. Over the past week, the implied volatility term structure for ETH options has shifted, steepening briefly before flattening again, diverging from BTC’s consistently steep profile. This pattern suggests that ETH’s options market is bracing for potential short-term volatility in spot price movements.
Interestingly, despite the expiration, call options for ETH have gained momentum at the start of 2025, dominating the market and indicating an optimistic outlook among traders.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full Bybit x Block Scholes Crypto Derivatives Analytics Report.
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About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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