According to a recent study by the Boston Consulting Group, the cryptocurrency trading industry is expected to be worth $1 trillion by 2024. This is a huge market, and there are already a number of established exchanges such as Coinbase that allow users to buy and sell cryptocurrencies.
However, these exchanges are often manual and require users to constantly check prices and place orders. This can be time-consuming and frustrating, especially for busy people who don’t have the time to sit in front of a computer all day.
There are a few different ways that you can automate your trades on Coinbase. One popular method is to use a bot, which is a piece of software that will automatically place trades for you based on your preset criteria. There are a number of different bots available, and they can be customized to fit your needs.
Another option is to use an automated trading system, which is a service that will trade for you automatically. These systems typically charge a monthly fee, but they can be worth it if you don’t have the time or patience to trade manually.
No matter which method you choose, automating your trades on Coinbase can save you a lot of time and hassle. If you’re not sure which option is right for you, it’s always best to consult with a financial advisor who can help you make the best decision for your situation.