Agents can trade 24/7 — but Yat Siu warns you could lose access at any time
The Animoca Brands chairman explains that AI agents can make trades while you sleep, but users need to plan for the day they lose access to the bots.
Crypto traders can utilize AI agents to trade 24/7, but Animoca Brands chairman Yat Siu cautions that users might lose access at any time. These bots continuously search for new information, alerting users to potential market developments. Siu uses conference planning as an example, illustrating how a chatbot can supply upcoming events, while an autonomous agent can proactively suggest attending noteworthy gatherings.
However, the technology presents challenges, as demonstrated by Siu's own agent, which became overly focused on crypto trading and investment management, even attempting to interpret unrelated inquiries as crypto-related. To mitigate this, Siu recommends utilizing multiple specialized agents, each dedicated to specific aspects like personal schedules and crypto advice.
Running an agent doesn't guarantee a competitive edge, as numerous users inquiring about the same trade may receive similar responses. Regulatory bodies have recognized this potential issue, with the Bank of England's Financial Policy Committee warning in April 2025 that widespread use of AI-driven traders could lead to investors taking correlated positions during market stress and exacerbating market volatility.
Despite these concerns, crypto firms are integrating AI agents capable of handling funds and acting on user preferences. Coinbase introduced Agentic Wallets in February, enabling agents to spend and trade within user-defined limits, while Binance launched AI Agent Skills in March, granting agents access to real-time market data and the ability to place and manage spot orders.
Siu emphasizes the importance of human input in guiding AI agents, with users instructing the bots on which markets to follow and what information to process. While AI can learn user preferences over time, Siu advises treating the assistant as a third-party adviser, outlining the importance of maintaining privacy by informing the agent about the type of information it should not access.
The concern lies in potential account suspensions by the service provider, which could abruptly disrupt users' activities, making it crucial for traders to safeguard their data and maintain control over their interactions with AI agents.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
