Quantit launches 'RABIT', an official version of a crypto-focused robo-advisor
Quantit (CEO, Duck Hee Han), an artificial intelligence-powered fintech company based in Korea and Singapore, announced on February 22nd that it has officially launched a crypto-focused robo-advisor called "RABIT,” which stands for Robo Advisor for BITcoin.
RABIT uses AI to provide a variety of products and strategies to reduce the volatility of digital assets in the highly volatile crypto market. Anyone aged 19 or older can sign up and use it in Korean or English.
“Our differentiation includes no payments charged until profits are generated by the robo-advisor, while ensuring ease-of-use through linking through secure API keys via exchange wallets”.
Existing robo-advisors usually require customers to transfer their assets to the robo-advisors “as-deposited assets” prior to any management by the platform. In response to the concern that it is difficult to secure reliability in the entrusting company's infrastructure, RABIT does not require the transfer of assets to RABIT, but only links the API key of the exchange wallet to operate it directly from the Binance exchange wallet, which is currently associated with Binance.
Trading bots are provided only for major crypto assets such as Bitcoin, Ethereum, and USDT, and Funding U (Funding U) is an arbitrage bot that gradually accumulates profits regardless of price fluctuations of crypto assets. Funding U combines professional management technologies used in the financial market that utilize real-time hedging of virtual asset price fluctuations, which are operated based on Quantit's FINTER platform technology.
Quantit's FINTER platform is a self-developed asset management solution based on statistical analysis and artificial intelligence technology. It consists of a collection of various financial big data and structuring processes, portfolio strategy development and testing, and algorithm trading modules, calculating and providing the optimal portfolio that increases risk-to-return, and operating the entire process automatically without human intervention.
RABIT's fees are charged only when profits are made, and the high water mark method is applied only when profits are made above the previous profits.
Mr. Han, CEO of Quantit, said, "The crypto asset market is highly volatile and difficult to invest directly due to the market nature of operating 24-hour/365-day market, but if operated through RABIT service, it can reduce volatility through proprietary algorithms that enable automatic trading based on market conditions."
RABIT is available to download for free on the Google Play Store and the App Store.
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For more information: https://www.quantit.io/
RABIT: https://rabit.bot
Android: https://bit.l/3t7KxBM
Apple: https://apple.co/3KOBVYG
