A fully automated, algorithmic, Bitcoin-trading bot that was developed in Jordan aims to revolutionize the way people generate wealth from cryptocurrency. AYMBot was designed to tackle the main issues and challenges associated with Bitcoin and cryptocurrency trading, including volatility and accessibility. Bitcoin has become the best-performing asset class of the decade but is hard to get into, it trades 24 hours a day, seven days a week, 365 days a year, and is extremely volatile. Other issues that crypto investors face include how to get started in trading and convert traditional currencies into crypto, he added. AYMBot offers a “turnkey solution” and is leading the market with its onboarding process, according to Alsharqatli, who was ranked by online magazine Entrepreneurs Herald in its 2022 list of the Top 5 Personalities Disrupting the Finance Industry.
AYMBot’s AI-powered solution aims to bridge the gap between traditional (or legacy) finance, crypto-assets and blockchain-enabled applications, allowing anyone to access the potential for Bitcoin returns while limiting the risk of systematic losses. AYMBot started off with three clients in June last year and by October 1,000 had signed up. It currently has about 3,000 clients and 12 people work on it full time. It manages about $15 million of assets and generates more than $50 million in monthly trading volume. AYMBot, which is non-custodial with no lock-up periods, has partnered with Dubai International Financial Center — the leading financial hub for the Middle East, Africa, and South Asia — and Binance, the largest cryptocurrency exchange in the world. It takes five minutes to set up an account and within 15 minutes the algorithm gets to work: It calculates when to buy, when to sell, how much to risk, and whether the risk is worth taking. In this way it can generate passive income for clients over time, whether the price of Bitcoin is going up or down.