Humans to Become Nearly Redundant in Crypto Trading

The suite harnesses almost all of the latest technology of the day, except, perhaps, virtual reality - because AI, blockchain, meep machine learning, and big data, are all there.

Uncovering the "Whats" and "Whys" of crypto tradingDecisions, both for humans and machines, start with material data.

The result is a normalized, systematic array of data about what happened to a token on the blockchain or elsewhere so that the trader may see an analysis of not only what happened, but also, why.

Coinscious's data services allow traders to come up with hypothesis and back-test them - but it still takes a considerable effort to come to a conclusion like "Token A has dropped 30% after the combination of events B,C, and D happened."

Humans redundant on the crypto trading floor?Eventually, as the Coinscious team sees it, a human decision might be required only for the actual trading - the data and insights will flow, already processed, to the desk, so that the trader could wage his or her bets.

By the end of this year, Coinscious plans to start selling data products, that include millionth-second level trading history and orderbook data, blockchain and social media updates.

They anticipate that access to quality data may enable both existing quantitative trading strategies, and allow crypto-specific trading strategies to emerge.

If the project will be fully implemented, products similar to what Coinscious plans to offer, may eventually demonstrate the complete irrelevancy of humans on the crypto- trading floor.

Will humans become redundant in crypto trading? We'll have to wait and see.

As of now, professional data services, like the one that Coinscious plans to offer this year, will certainly curb the rampant insider trading, pump-and-dump schemes, and other "Teething problems" our market, yet immature, is going through.