Assessing the percentage of cryptocurrency transactions made by cryptobots instead of humans is not an easy task. Cryptocurrencies are largely unregulated and businesses don’t have to report always their trading volumes. According to some informal estimates supported by my personal empirical observations, we may already put the rate of automatically-made trades between 60% and 80%. Keep in mind that factors such as the arbitrage opportunities still present across platforms, cryptocurrency’s minimal transaction fees, the non-stop trading, the ability to drastically decrease network latency and, last but not least, the rising number of cryptobot startups and coders-- are all helping to promote a fast-growing adoption of Autonomous-AI-powered brokerage Here is the relevant question:
How does the rise of cryptobots impact the market?
They would certainly help to flatten prices across the exchange platforms and promote stability. They may be instrumental to stop flash crashes in cryptomarkets— but they might also generate them both as a sort of "managed outcome" or as an unwanted combined result of the cryptobots interactions in a context plagued by 'structured pump & dump', ad hoc FUD and particularly hyped news events, etc.
What is your take?