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Vectorspace AI and LCX Announce Partnership to Enable Event-Driven Smart Baskets for Cryptocurrencies

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Vectorspace AI and LCX announce the joint development of event-driven Smart Basket technology to enable customized and unique trading opportunities across multiple cryptocurrencies, traditional stocks or ETFs across multiple exchanges, such as Liquid, Kraken, Coinbase Pro, Kucoin or Okex.

Baskets of cryptocurrencies or stocks are algorithmically generated based on a news event, topic or ‘special situation’ often used by internal market researchers inside hedge funds and asset management companies.

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Smart Baskets enable ‘thematic investing’. Cryptocurrencies and other trading vehicles contained in each basket share known and hidden relationships based on proprietary Natural Language Processing and Understanding (NLP/NLU) datasets. Smart Baskets can include custom filters enabling highly proprietary trading models along with 1-click Smart Baskets executed directly at LCX Terminal across multiple exchanges.

LCX Terminal is a crypto trading platform to trade on all major crypto exchanges within a single interface. Smart Baskets will allow signal generation to be integrated into LCX Terminal and other future LCX products. Vectorspace AI and LCX have now started the development of these AI-powered features and plan to finish the integration at LCX Terminal in fall 2020.

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“LCX wants to deliver advanced trading intelligence to our fast growing client base of professional cryptocurrency traders and investors. That’s why we are excited to partner with Vectorspace AI to unlock the opportunity of artificial intelligence and data analysis,” says Monty C. M. Metzger, CEO, and Founder of LCX.

“We’ve been looking forward to a partner like LCX which enables mass adoption of long and short side Smart Baskets across all major cryptocurrency markets,” stated Kasian Franks, Founder and CEO of Vectorspace AI.

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