Crypto Protocol Fetch.ai Offering AI Trading Tools for Decentralized Exchanges

The Cambridge, U.K.-based firm wants to facilitate peer-to-peer transactions between decentralized finance users using AI-powered"agents" to execute trades based on user-defined parameters, it said Wednesday. It will roll out the suite of trading tools later this quarter.

"Users submit their orders to an agent, which then puts it in escrow or an atomic transaction while it works out where it can do the order matching," CEO Humayun Sheikh said in an interview."The ability of the platform to find and create liquidity is where the platform comes into itself, whereby agents work together to create those decentralized order books.

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