Titan Trading Receives Funding from Major South Korean Corporations
The South Korean cryptocurrency market has shown signs of recovery. According to Forkast, the Korean Financial Intelligence Unit (KOFIU) reported a 46% increase in the cryptocurrency market capitalization in South Korea from January to June this year, reaching a valuation of 28.4 trillion won (US$21.08 billion). Despite this growth, the market is still down by 48.5% from the close of 2021, just before the onset of the bearish market.
The average daily trading volume of the 26 surveyed crypto exchanges was 2.9 trillion won (US$2.19 billion) in the first half, slightly down from the second half of 2022.
Titan Trading Attracts Investment Interest from South Korean Companies
Amidst this cryptocurrency market recovery, the South Korean crypto trading platform, Titan Trading, has successfully secured an investment of US$800,000 from leading companies in a seed funding round.
Companies investing in Titan Trading include Hanmi Global, Silla Asset Management, Itrust Asset Management, Sun Gold Exchange, Asia Capital, and technology companies CHEONJO and Amoeba.
This investment has raised Titan's project valuation to US$8 million, with expectations of further growth in the next funding round.
Introduction to Titan Trading
Established in 2022, Titan Trading is a cryptocurrency trading platform currently focused on developing a crypto trading platform utilizing algorithms and artificial intelligence.
The integration of AI into cryptocurrency trading, as emphasized by Titan's CEO, Mr. Park Young Jin, is an inevitable trend. "This is a significant opportunity for us, underscoring the future of AI-empowered cryptocurrency trading," said Park Young Jin.
He added, "After going through development, it's time for traders to view cryptocurrency trading not as a speculative gamble but as a field where automated transactions can be safely executed, generating stable profits and eliminating emotional bias in investment decision-making."
Optimizing AI for crypto trading The AI technology offered by Titan Trading provides precise and rapid data processing capabilities, optimizing the cryptocurrency trading process by analyzing vast amounts of information, identifying patterns and trends, and thereby providing accurate predictions and recommendations.
Titan's automated trading bot products also incorporate strategies such as arbitrage, DCA, and grid algorithms, effectively mitigating potential risks and offering customers a secure and reliable trading experience.
Titan Trading is committed to refining and optimizing its trading bot algorithms. Titan will also introduce new services, such as a trading terminal and smart trading, and enhance its AI assistance capabilities to facilitate its users. Titan Trading is dedicated to improving the algorithms used in its trading bots. In order to better assist its consumers, Titan will also provide new services like smart trading and a trading terminal, as well as improve its AI support features.
