TechFlow reports that on July 25, Gracy Chen, Managing Director of Bitget, was invited to speak at the international blockchain WebX conference held in Tokyo, Japan. During a panel discussion titled "Look Inside the Liquidity Machine Talking Points," Gracy stated: "Crypto market makers are a crucial part of industry infrastructure, but providing liquidity in crypto markets is extremely challenging. It requires not only capital strength, technical capabilities, and market insight, but also compliance with regulatory requirements. Recently, market makers such as Jane Street ceased their U.S. crypto market-making operations due to compliance issues, which has caused short-term impacts on crypto market liquidity. With the rise of AI technology, AI-driven data models for market-making algorithms are becoming increasingly prevalent in traditional finance—according to a January 2023 survey, 90% of traditional hedge funds are already using AI algorithms. However, adoption in the crypto market remains relatively low. There is significant room for improvement in modeling; if properly applied, it could greatly enhance liquidity in crypto markets."
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