Fintech PR
Artmarket.com: Artprice looks at 2023’s NFT auction market, and the 50 most successful digital artists, a promising future with the record for cryptocurrencies in ETFs on Wall Street
PARIS, March 12, 2024 /PRNewswire/ — The year 2023 started with the first acquisitions of NFTs by museums and ended with another bull run on the stock markets and the main cryptocurrencies.
The major event in cryptocurrencies is notably BlackRock’s (the largest asset manager in the world) and Fidelity’s introduction of ETFs directly invested in Bitcoin (Bitcoin spot ETFs) authorized by the SEC on 11 January 2024. This is a real consecration for Bitcoin which on 11 March 2024 was quoted at around 72,000 dollars, while Ethereum was at $4,000 (ETH ETFs are expected very soon).
BlackRock and Fidelity have achieved the best ETF launches in 30 years thanks to Bitcoin. In their first month of trading, the “IBIT” and “FBTC” funds raised $6.5 billion, which is more than any of the 5,500 other index funds launched before them (according to Les Échos of 10 January 2024: “Bitcoin ETF: the SEC opens the doors of Wall Street wide to Bitcoin”.
This is a new record for Bitcoin. Of the 5,535 ETFs launched over the last thirty years, none have gotten off to such a strong start as BlackRock’s ‘IBIT’ and Fidelity’s ‘FBTC’, said Bloomberg expert Eric Balchunas.
This Monday, March 11, 2024, a Bloomberg report (by Tom Metcalf & Emily Nicolle) announces “The London Stock Exchange said it will start accepting applications for the admission of exchange traded notes backed by Bitcoin and Ether” in the second quarter, confirming London as the capital of cryptocurrencies on the European continent.
This allows retail and professional investors to gain exposure to the largest cryptocurrency by market capitalization, without having to directly hold the asset.
Via cryptocurrencies, new collectors and art enthusiasts have been attracted to the art market, often younger than their predecessors. Not averse to speculation and the excitement of taking risks, these art enthusiasts and collectors solidly welded to their crypto-universe of Web 3.0.
The near future of Artprice by Artmarket is the meeting place between Web 3.0. (Metaverse and NFT) and Artprice’s artificial intelligence, its Intuitive Artmarket ® AI.
The 2023 period in NFT auctions, significantly less speculative than the two previous years, allowed Digital Art to finally settle peacefully in the international cultural and economic environment. As the NFT market consolidates, Artprice draws up a summary of the transactions on NFTs hammered in auction rooms in 2023, dominated by Sotheby’s, but which finished with Christie’s “Next Wave” sale on the sidelines of the Art Basel Miami Beach fair.
Monthly evolution of proceeds from public NFT auctions
Infographic – https://mma.prnewswire.com/media/2360542/NFT_auctions_1_Infographic.jpg
“Artprice by Artmarket.com recognizes in Digital Art – whether via NFTs or Artificial Intelligence – a revolution that it would be infinitely better to support and accompany than to reject or denigrate“, affirms thierry Ehrmann, CEO of Artmarket.com and Founder of Artprice.
“Artprice subscriptions will soon be able to be paid in ETH and BTC, and our databases have already been adapted to accommodate these two cryptocurrencies. We are very proud to support digital artists with the opening of our Standardized Marketplace to NFTs. Furthermore, we acquired and presented the works Flow (2023) by digital artist Josh Pierce on the cover of our latest Annual Report of the Contemporary Art Market in 2023 and the NFT work Chaos under the pure light by artist 1dontknows for our Annual 2023 Art Market report published in 2024.”
Annual Report of the Contemporary Art Market in 2023:
https://imgpublic.artprice.com/pdf/le-marche-de-lart-contemporain-2023.pdf
https://imgpublic.artprice.com/pdf/the-contemporary-art-market-report-2023.pdf
Annual 2023 Art Market report published in 2024:
https://imgpublic.artprice.com/pdf/le-marche-de-lart-en-2023.pdf
https://imgpublic.artprice.com/pdf/the-art-market-in-2023.pdf
This NFT paradigm shift is well explained in the ARTE documentary, recently released in 5 languages: “NFT, Chaos in the art world”
https://www.youtube.com/watch?v=_08d_1oY-Lo
Throughout this documentary, thierry Ehrmann, visual artist, NFT artist and Founding CEO of Artprice.com, delivers his analysis accompanied by other artists, experts and international players in the world of Art NFTs.
Any attempt to understand the significance of NFTs in Art History requires an appreciation of the digital and cultural revolution that they represent and some kind of prediction regarding their role and impact over the short and medium term.
According to thierry Ehrmann “In its various annual reports on the Art Market and the regulated information it publishes as a listed company, Artprice by Artmarket.com has always said with regard to NFTs that it is impossible to apprehend this new market without a true understanding of Blockchain, crypto-currencies and their cultural origins among the Cypherpunks (period of PGP-type data encryption at the beginning of the 1990s).”
Bearing in mind all the underlying parameters and data required, Artprice by Artmarket is the only organization on the global art market to be able to truly respond to the certification of primary issues of Art NFTs in an environment of cryptocurrencies and major international currencies.
In 2024, Artprice will be uniquely positioned in its capacity as a certifier of primary issues of Art NFTs based on the fact that Artprice by Artmarket has been the Global Leader in Art Market Information for more than 27 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 a guarantee of the authenticity and historical veracity of its databases.
1. Auctions of NFTs in 2023: key figures
– 350 lots sold
– 53 unsold lots (13% of lots)
– 32 sales sessions dedicated to or including NFTs
– 259 distinct artists
– $22.7 million in turnover (including fees)
– +65% growth compared with 2022
– 0.2% of global fine art turnover
– $1.9 million worth of NFTs sold per month on average
– 6 active auction houses
– 82% of the turnover generated by Sotheby’s ($18.4 million)
– $10.9 million total from “Grails: Property from an Iconic Digital Art Collection Part II” sale at Sotheby’s on 15 June 2023
– Minimum price: $126 for Ghost Sphynx (2023) by Asa Jarju
– Average price: $64,800
– Maximum price: $6.2 million for Ringers #879 (The Goose) (2021) by Dmitri Cherniak
https://www.artprice.com/artist/1091079/asa-jarju/nft/31233678/ghost-sphynx
https://www.artprice.com/artist/1023654/dmitri-cherniak/nft/30581409/ringers-879-the-goose
Distribution of public auctions of NFT by price range and by auction house
Infographic – https://mma.prnewswire.com/media/2360541/NFT_auctions_2_Infographic.jpg
2. Seven-digit auction results and other exceptional sales
In 2023, the seven best results of the year in the NFT category were hammered for Generative Art. This self-generating and random artistic approach is at the heart of the history of NFTs, notably with the controversial Profile Pictures (PFP) series such as the Bored Apes and the CryptoKitties. However, these series have now left their place at the forefront of the Generative scene to the abstract works created by artists like Dmitri Cherniak and Tyler Hobbs. Indeed, the series Autoglyph by Larva Labs now fetches higher prices than their CryptoPunks which made the artist duo famous.
Among the most anticipated pieces last year at auction, five digital creations created by Keith Haring at the end of the 1980s were put on sale at Christie’s in September 2023 by the Keith Haring Foundation. In the form of five unique NFTs (#1/1), these experiments were carried out on the first computers equipped with digital creation software a few years after those conducted by Andy Warhol. All the works found buyers at prices between $250,000 and $350,000.
https://onlineonly.christies.com/s/keith-haring-pixel-pioneer/lots/3479?sc_lang=en
Top 20 results for NFT works sold at auction in 2023
1. Dmitri Cherniak (b. 1988) – Ringers #879 (The Goose) (2021): $6,215,100
2. Tyler Hobbs (b. 1987) – fidenza #725 (2021): $1,016,000
3. Snowfro (XX-XXI) – Chromie Squiggle #1780 (2021): $635,000
4. Tyler Hobbs (b. 1987) – Fidenza #479 (2021): $622,300
5. Tyler Hobbs (b. 1987) – fidenza #216 (2021): $609,600
6. Larva Labs (b. 2005) – Autoglyph #187 (2019): $571,500
7. Tyler Hobbs (b. 1987) – fidenza #724 (2021): $442,170
8. Keith Haring (1958-1990) – Untitled (April 14, 1987) (1987): $352,800
9. Keith Haring (1958-1990) – Untitled #1 (April 16, 1987) (1987): $352,800
10. Keith Haring (1958-1990) – untitled #2 (April 16, 1987) (1987): $352,800
11. Kjetil Golid (b. 1991) – Archetype #397 (2021): $330,200
12. Larva Labs (b. 2005) – autoglyph #218 (2019): $330,200
13. Tyler Hobbs (b. 1987) – Fidenza #290 (2021): $279,400
14. Tyler Hobbs (b. 1987) – Fidenza #871 (2021): $279,400
15. Keith Haring (1958-1990) – untitled (feb 2, 1987) (1987): $277,200
16. XCOPY (b. 1981) – Loading New Conflict… Redux 6 (2018): $254,000
17. Larva Labs (b. 2005) – CryptoPunk#4153 (2017): $254,000
18. Keith Haring (1958-1990) – untitled (Feb 3, 1987) (1987): $252,000
19. Tyler Hobbs (b. 1987) – Fidenza #370 (2021): $241,300
20. Tyler Hobbs (b. 1987) – Fidenza #861 (2021): $241,300
3. Both in auction rooms and on the Metaverse
Sotheby’s now stands out as the most active auction house on the NFT market, regularly hosting sessions dedicated to this new medium. On 15 June 2023, Part II of its sale Grails: Property from an Iconic Digital Art Collection totaled $10.9 million in New York. But apart from these sales dedicated to NFTs, Sotheby’s now also includes NFTs in general sessions: at its day sale of Contemporary Art on 19 May 2023 in New York, Tyler Hobbs’ Fidenza #725 (2021) fetched over a million dollars (including fees), against an estimated range of $120,000 – $180,000.
https://www.artprice.com/artist/1062390/tyler-hobbs/nft/30222588/fidenza-725
Under Patrick Drahi’s leadership, Sotheby’s has also deployed a brand new platform called Metaverse, entirely dedicated to Web3: https://metaverse.sothebys.com. In 2023, it hosted the sale of 5,000 photographs by Sebastião Salgado in the form of NFTs, then a session entitled Snow Crash curated by artist Tony Sheeder, and lastly, a sale of 500 unique works generated by the pioneer Vera Molnar (who sadly passed away shortly after on 7 December 2023).
The projects carried out by Sotheby’s on its Metaverse platform, however, deviate somewhat from public sales in terms of transparency and communication of results and are undoubtedly more similar to private sales. Several important NFT works are still visible today on the sothebys-grails.eth wallet and are – according to Michael Bouhanna (VP, Contemporary Art Specialist & Head of Digital Art and NFTs at Sotheby’s) – available for private sale:
CryptoPunk #6669:
https://opensea.io/assets/ethereum/0xb47e3cd837ddf8e4c57f05d70ab865de6e193bbb/6669
Fidenza #526:
https://opensea.io/assets/ethereum/0xa7d8d9ef8d8ce8992df33d8b8cf4aebabd5bd270/78000526
Bored Ape #8552:
https://opensea.io/assets/ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/8552
4. ‘On-chain’ versus ‘off-chain’ transactions
The majority of NFT artworks publicly auctioned by Sotheby’s have so far gone through its main website, not through its Metaverse, and the transactions have therefore taken place outside the Blockchain. In other words, they were concluded “off-chain”; the hammer prices do not appear in the history of the NFT, where only a double transfer of ownership of the work is visible: from the seller’s portfolio (of the artist or collector) to that of Sotheby’s, and then from Sotheby’s to the buyer’s wallet, once payment is complete.
These “off-chain” transactions allow the auction house to maintain greater control over the transactions, in particular to collect payment before transferring the work to its new owner. This allows Sotheby’s to collect a commission by adding the usual fees. For its part, Christie’s, which carries out “on-chain” transactions via its Christie’s 3.0 platform https://nft.christies.com, does without a commission. Its FAQ specifies that “ Christie’s 3.0 does not add Buyer’s Premium to the hammer price” and that “You will need to pay a gas fee when you place a bid and, if applicable, when you pay sales tax and collect your NFT, Gas fees are not included in the final purchase price”. But these gas fees only concern the operating costs of the Blockchain and are not collected by the auction house.
5. The entry of NFTs into museum collections
The year 2023 saw the first acquisitions of NFTs by several museums, starting with the most prestigious, the LACMA, the MoMA, the Pompidou Center, and the Granet Museum in Aix-en-Provence. Unlike the ambiguous situation of 2021 which saw several institutions put digital duplicates of their masterpieces on sale, it is now a matter of acquisitions of NFTs by museums, directly from artists or via their collectors.
- CryptoPunks #110 acquired by the Center Pompidou and
- CryptoPunks #3831 acquired by LACMA
The reluctance of auction houses regarding “on-chain” transactions is shared by museums, which are subject to strict regulations regarding the acquisition of works. The procedures they must follow sometimes conflict with the principles of transparency and decentralization of Web3. Public institutions therefore prefer for the moment to acquire “off-chain” works and avoid placing all their NFT artworks in a single wallet.
The Los Angeles County Museum of Art (LACMA), which received a donation of 22 NFTs in February 2023 from anonymous collector Cozomo de’ Medici, has only 8 pieces on its e-wallet. Several NFTs, like Fragments of an Infinite Field #972 by Monica Rizzolli, have not yet been delivered and are still on the Cozomo de’ Medici wallet. As for the famous CryptoPunk #3831, the work has been placed in an independent portfolio.
Official announcement of the 22 NFTs acquired by LACMA:
https://unframed.lacma.org/2023/02/24/new-acquisition-cozomo-de-medici-collection
LACMA Collection on Opensea:
https://opensea.io/0x9482B7FEF251Ebb81CeF01108c5512C27520003D
Fragments of an Infinite Field #972 de Monica Rizzolli :
https://opensea.io/assets/ethereum/0xa7d8d9ef8d8ce8992df33d8b8cf4aebabd5bd270/159000972
CryptoPunk #3831 by Larva Labs :
https://opensea.io/0x0f7f63BA74681EfC4eab9777a463E2aF45916EDf
Marcella Lista, Head Curator at the Centre Pompidou explains the procedure followed by the French museum to make its first NFT acquisitions:
“The Center Pompidou has opened a digital wallet exclusively dedicated to the reception and conservation of tokens, knowing that the files of the works have been uploaded in parallel to be stored on the conservation servers of the Pompidou Center as is the case with any digital work in the collection. The works were acquired via a classic acquisition and distribution authorization contract, following the museum’s usual practice, and were paid in euros.
“The various states of visibility of these works on NFT platforms and on the Pompidou Center database can be explained by the long contractualization procedure, their registration on our inventory, and their entry into the database. Works that have not yet appeared are being processed in this administrative, accounting and technical chain.”
The Centre Pompidou NFT collection on Opensea:
https://opensea.io/Centre_Pompidou_MNAM
CryptoPunk #110 from the Centre Pompidou:
https://cryptopunks.app/cryptopunks/details/110
6. A reassuring start to 2024
Auction houses Christie’s and Sotheby’s have started 2024 with one and two sales respectively dedicated to NFTs. Patrick Drahi’s company has already taken the lead this year, generating 92% of the segment’s turnover.
Sotheby’s sessions GRAILS: Starry Night and Natively Digital: An Ordinals Curated Sale totaled over $1 million each, with 19 and 18 lots sold respectively, and no unsold lots. One of the best results was hammered for Genesis Cat, for Taproot Wizards (2024) by digital artist FAR. It was generally believed that the NFT market was now focused on more ‘serious’ creations, but this off-beat work – reminiscent of CryptoKitties – fetched the best NFT result at the start of 2024: $254,000 versus an estimated range of $15,000 to $20,000 (January 22 at Sotheby’s in New York).
Auction results exceeding $100,000 for Satoshi Nakamoto, Xcopy, Beeple and Des Lucréce continue to show that the success of these digital artists is not just anecdotal. In 2024 we will probably see a consolidation of the prices of works by these key signatures on the NFT market. And the rising values of Bitcoin and Ethereum will no doubt contribute to this progression.
7. Top 50 Artists by NFT public auction turnover in 2023
1. Dmitri Cherniak (b. 1988): $7,880,898 (14 lots sold)
2. Tyler Hobbs (b. 1987): $4,919,950 (15 lots sold)
3. Larva Labs (b. 2005): $1,811,675 (9 lots sold)
4. Keith Haring (1958-1990): $1,587,600 (5 lots sold)
5. Snowfro (XX-XXI): $743,529 (3 lots sold)
6. Kjetil Golid (b. 1991): $453,390 (7 lots sold)
7. Refik Anadol (b.1985-): $386,796 (4 lots sold)
8. Shroomtoshi (XX-XXI): $342,900 (2 lots sold)
9. 0xDEAFBEEF (XX-XXI): $325,120 (3 lots sold)
10. Des Lucréce (xx-xxi): $289,599 (10 lots sold)
11. Xcopy (b. 1981): $254,000 (1 lot sold)
12. Six N. Five (b. 1985): $210,321 (1 lot sold)
13. Seerlight (b. 1993): $165,100 (2 lots sold)
14. Andrea Bonaceto (b. 1989): $157,947 (1 lot sold)
15. Jack Butcher (xx-xxi): $144,534 (4 lots sold)
16. Ripcache (XX-XXI): $121,611 (2 lots sold)
17. Deekay Kwon (b. 1989): $115,597 (1 lot sold)
18. Grant Riven Yun (xx-xxi): $107,100 (1 lot sold)
19. Beeple & Madonna (XX-XXI): $100,800 (1 lot sold)
20. luxpris (xx-xxi): $90,170 (4 lots sold)
21. Pindar Van Arman (b. 1974): $82,786 (3 lots sold)
22. Ryan Koopmans (b. 1986): $78,315 (2 lots sold)
23. Matt Deslauriers (XX-XXI): $62,611 (6 lots sold)
24. Hideki Tsukamoto (b. 1973): $62,230 (4 lots sold)
25. Helena Sarin (XX-XXI)$61,355 (3 lots sold)
26. Anyma (b. 1988): $54,658 (1 lot sold)
27. Terrell Jones (b. 1997): $54,052 (3 lots sold)
28. Jack Kaido (xx-xxi): $49,638 (2 lots sold)
29. Mad Dog Jones (b. 1985): $48,165 (1 lot sold)
30. Sam Spratt (XX-XXI): $48,165 (1 lot sold)
31. Alpha Centauri Kid (b. 1986): $45,139 (2 lots sold)
32. Elman Mansimov (XX-XXI): $41,314 (1 lot sold)
33. GMUNK (b. 1975): $38,559 (1 lot sold)
34. Sofia Crespo (b. 1991): $36,915 (2 lots sold)
35. Laura El (b. 1991): $35,645 (2 lots sold)
36. William Mapan (b. 1988): $34,984 (1 lot sold)
37. Pop Wonder (b. 1982): $34,925 (2 lots sold)
38. 0xdgb (XX-XXI)$33,020 (1 lot sold)
39. neurocolor (XX-XXI): $30,480 (2 lots sold)
40. omentejovem (XX-XXI): $30,462 (1 lot sold)
41. Casey Reas (b. 1972): $28,669 (3 lots sold)
42. Samantha Cavet (b. 1997): $28,389 (2 lots sold)
43. Bryan Brinkman (b. 1985): $28,236 (3 lots sold)
44. Luke Shannon (b. 2000): $27,988 (1 lot sold)
45. Isaac Wright (xx-xxi): $27,940 (1 lot sold)
46. Yatreda ያጥሬዳ (XXI): $27,543 (1 lot sold)
47. Ryan Talbot (b. 1997): $27,329 (1 lot sold)
48. Guido Di Salle (b. 1979): $26,308 (1 lot sold)
49. Tyler Hobbs & Dandelios Wist (xx-xxi): $25,400 (1 lot sold)
50. Carlos Marcial (b. 1984): $24,596 (1 lot sold)
Images:
Copyright 1987-2024 thierry Ehrmann www.artprice.com – www.artmarket.com
- Don’t hesitate to contact our Econometrics Department for your requirements regarding statistics and personalized studies: [email protected]
- Try our services (free demo): https://www.artprice.com/demo
- Subscribe to our services: https://www.artprice.com/subscription
Artmarket.com is listed on Eurolist by Euronext Paris, 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 ©:
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 835,800 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).
The Art Market’s future is now brighter than ever with Artprice’s Artmarket® Intuitive AI
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’s Global Art Market Report, “The Art Market in 2023”, published in March 2024:
https://www.artprice.com/artprice-reports/the-art-market-in-2023
Artprice by Artmarket publishes its 2023 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023
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 6.5 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 ARCHITECTURE
Confidential bilingual work now public:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
• 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]
Logo – https://mma.prnewswire.com/media/2260897/Artmarket_logo.jpg
View original content:
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.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-30U5674/Global_Artificial_Intelligence_in_Trading_Market
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.
Unlock Insights: View Full Report Now! https://reports.valuates.com/market-reports/QYRE-Auto-30U5674/global-artificial-intelligence-in-trading
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.
Claim Yours Now! https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-30U5674&lic=single-user
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
Purchase Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-30U5674/Global_Artificial_Intelligence_in_Trading_Market
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– AI Content Generation Market was estimated to be worth USD 1108 Million in 2023 and is forecast to a readjusted size of USD 5958 Million by 2030 with a CAGR of 27.3% during the forecast period 2024-2030.
– AI Crypto Trading Bot Market was valued at USD 21.69 Million in 2022 and is anticipated to reach USD 145.27 Million by 2029, witnessing a CAGR of 37.2% during the forecast period 2023-2029.
– Industrial Artificial Intelligence Market
– Artificial Intelligence for Retail Market was estimated to be worth USD 942.3 Million in 2023 and is forecast to a readjusted size of USD 1249.7 Million by 2030 with a CAGR of 3.2% during the forecast period 2024-2030.
– The global AI In Telecommunication market was valued at USD 1723 Million in 2023 and is anticipated to reach USD 19170 Million by 2030, witnessing a CAGR of 40.6% during the forecast period 2024-2030.
– Artificial Intelligence-based Security Market was estimated to be worth USD 6925 Million in 2023 and is forecast to a readjusted size of USD 20200 Million by 2030 with a CAGR of 16.4% during the forecast period 2024-2030.
– The global AI Data Center market was valued at USD 22615.04 Million in 2023 and is anticipated to reach USD 68317.57 Million by 2030, witnessing a CAGR of 17.11%during the forecast period 2024-2030.
– Artificial Intelligence (AI) in Mining Market was estimated to be worth USD 814 Million in 2023 and is forecast to a readjusted size of USD 1674 Million by 2030 with a CAGR of 11.0% during the forecast period 2024-2030.
– AI (Artificial Intelligence) Decision Making Market
– The AI Companion market was valued at USD 102 Million in 2023 and is anticipated to reach USD 632 Million by 2030, witnessing a CAGR of 98%% during the forecast period 2024-2030.
– Algorithmic Trading Software Market
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
GET A FREE QUOTE
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Blog: https://valuatestrends.blogspot.com/
Pinterest: https://in.pinterest.com/valuatesreports/
Twitter: https://twitter.com/valuatesreports
Facebook: https://www.facebook.com/valuatesreports/
YouTube: https://www.youtube.com/@valuatesreports6753
https://www.facebook.com/valuateskorean
https://www.facebook.com/valuatesspanish
https://www.facebook.com/valuatesjapanese
https://valuatesreportspanish.blogspot.com/
https://valuateskorean.blogspot.com/
https://valuatesgerman.blogspot.com/
https://valuatesreportjapanese.blogspot.com/
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/artificial-intelligence-ai-in-trading-market-to-reach-usd-35-billion-by-2030-growing-at-a-10-cagr–valuates-reports-302341827.html
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.
#Bybit / #TheCryptoArk / #BybitLearn / #BybitResearch / #BTC100K
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.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2590149/Bybit_x_Block_Scholes_Report_BTC_Options_Steady_Call_Put_Parity.jpg
Logo – https://mma.prnewswire.com/media/2267288/5097786/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-x-block-scholes-report-btc-options-steady-with-call-put-parity-eth-braces-for-short-term-volatility-302341877.html
ABU DHABI, UAE, Jan. 3, 2025 /PRNewswire/ — Arctech, the world’s leading solar tracking and racking solutions provider, announced that it signed a 1.5GW order of its 1P single-axis solar tracking system SkyLine II with PowerChina for a solar project in Al Ajban, UAE, marking a great start for the company in the Middle East market in 2025.
As a key initiative under “UAE Energy Strategy 2050”, which aims to provide the country with zero-emission clean energy, this 1.5GW Al Ajban Solar PV plant will become one of the largest single-site solar plants worldwide once completed.
Upon completion, this plant is projected to generate green electricity capable of fulfilling the electricity demands of approximately 160,000 households. It is expected to reduce Abu Dhabi’s annual carbon emissions by 2.4 million tons each year, thereby significantly advancing green development and facilitating energy transition in the Middle East.
Since establishing its local operations in 2017, Arctech has expanded to include a service center, an R&D center, two local offices and a manufacturing base in the Middle East. Among which, Arctech’s Jeddah Phase II manufacturing base is currently under construction and will officially enter operation in 2025. Combined with its global supply chain, this expansion will enable Arctech to achieve a local delivery capacity of 15GW.
Up to now, Arctech has established a complete full life cycle service network in the Middle East market, including technical support, supply chain delivery, after-sales service, local operation and maintenance capabilities, and brand marketing strategies. Looking ahead, Arctech is well-positioned to further contribute to UAE’s “Energy Strategy 2050” through its enhanced localization initiatives and comprehensive white-glove services.
About Arctech
Arctech (SSE-STAR:688408) is the world-leading supplier of intelligent solar trackers, fixed-tilt structures, PV cleaning robots and energy storage solutions. Empowered by over 530 patents, Arctech products have been applied in utility-scale and commercial solar PV projects since 2009. It was listed among the top 4 tracker suppliers by IHS Markit and Wood Mackenzie from 2017 to 2020. The company went public on China’s Nasdaq-style STAR market in 2020. As of June 2024, Arctech has supplied over 76 GW of tracking and racking systems to nearly 1,800 PV plants in 40 countries. For more information, please visit https://www.arctechsolar.us/. Follow us on Linkedin, Twitter, Facebook and YouTube.
Photo – https://mma.prnewswire.com/media/2589982/Groundbreadking_Ceremony_1_5GW_Al_Ajban_Solar_PV_plant.jpg
View original content:https://www.prnewswire.co.uk/news-releases/year-opening-triumph-arctech-lands-a-1-5gw-solar-project-order-in-the-uae-302341769.html
-
Fintech PR5 days agoOutsourced Accounting Service: The New Standard for Business Finance Industry
-
Fintech PR5 days agoBybit Launchpad Onboards Xterio, Opening up Opportunities in Blockchain Gaming for Users
-
Fintech PR5 days agoCKGSB Professor Mei Jianping Launches Global Indices Tracking Impressionist, Contemporary, and Chinese Art Markets
-
Fintech PR5 days agoIBN Technologies Sets the Benchmark in Financial Management Accounting Excellence
-
Fintech PR6 days agoIBN Technologies LLC Steps in to Support Clients After Bench Accounting’s Unexpected Closure
-
Fintech PR4 days agoDayOne Launches as an Independent Global Data Center Pioneer Following Series B Funding Closure
-
Fintech PR4 days agoGES Completes Sale to Truelink Capital
-
Fintech PR5 days agoCommercial Amino Acids Surge with 6.1% CAGR Growth: BCC Research