Rise of the (trading) bots! OKX looks to reshape how Aussies trade crypto

Global crypto platform and tech company OKX looks to optimise crypto trading for Aussies with its two new trading bots.

‘Bot Up Your Game’: OKX is introducing automated trading tools for next-level crypto trading.

• The OKX global platform has launched two new trading bots designed to help automate trade execution based on user-defined strategies

• The bots, dubbed Spot Grid and DCA Martingale, enable 24/7 market participation and customisable parameter management capabilities

• The launch comes at a time of building interest for crypto internationally and in Australia

Special Report: Global crypto platform and tech company OKX is set on optimising crypto trading for Aussies with its two new trading bots, designed to help Aussies automate their crypto trading strategies.

Trading bots are nothing new for OKX – they’ve been a mainstay on the global platform for some time, driving tens of billions USD in monthly trading volume.

But it’s the timing and placement of this product launch from OKX that’s of particular relevance, with the introduction of two new bot offerings – Spot Grid and DCA Martingale – to the Australian market amid rising international and local excitement and interest in crypto.

OKX noted to Stockhead, too, that based on feedback it’s received, the local demand for trading bots of this calibre has been high. The company factored in the market demands and preferences of its Australian users when building and developing the bots to ensure they are customisable to various trading and investing goals.

We’ll get to those specific preferences further below, but the overall aim, explained the platform’s Australian chapter, is to bring participants in this growing local market “new and innovative ways to help execute crypto trade and manage parameters on their own terms”.

“Trading bots can help to enable Aussie traders to automate their strategies in a 24/7 market, while maintaining control over their trading parameters,” added OKX.

Market outlook

In reaction to consequential macroeconomic events, such as the latest US trade policies, the crypto market has experienced continued volatility in early 2025.

But… the sector has also seen several notable developments of late, in particular stemming from America and what some have described as the first ever pro-crypto US administration.

It’s a shift in approach toward the industry, with discussions emerging around new regulatory and institutional initiatives.

Reports suggest that a US government ‘Bitcoin Strategic Reserve’ is under consideration, along with discussions on the potential for crypto to be included in a newly signed-off US Sovereign Wealth Fund.

Then there’s the appointment of US tech entrepreneur and investor David Sacks as a senior advisor on digital assets, several US state governments considering the addition of Bitcoin to their balance sheets, ongoing speculation around the potential approval of Solana crypto ETFs, and continued discussions on crypto regulations at both US federal and state levels.

So these developments highlight the evolving global landscape at the time of these bots launching – and it’s not even half of it – but the obvious questions to now ask are…

What are trading bots and how do they make effective trades?

Trading bots are customisable tools that can automate aspects of the trading process, incorporate predefined  strategies and execute trades based on user-defined parameters throughout the day or night, therefore enabling 24/7 market participation.

OKX notes that the bots “are fully programmable – designed not to make trading decisions on behalf of the user, but to execute trades based on the parameters they've set ahead of time.”

As OKX explained, the benefit to traders is that by using these bots they “don't have to be up and at their desks or on their phones during sudden periods of volatility. The bots will do the trading for them based on their customised parameters”.

Meet OKX’s new bots

The exchange’s two new bots – Spot Grid Bot and DCA Martingale – are now both available on the OKX app (with web access coming soon) and have been built to execute trades based on user-preset parameters.

The Spot Grid Bot maintains a series of buy and sell orders across a predefined price range.

For example, says OKX, “if BTC is trading between 92,000-110,000 USDT, traders could customise the prices at which the bot will buy and sell crypto with the aim of capturing profits from market movements”.

The DCA Martingale Bot, on the other hand, manages positions by buying more of an asset if prices decrease, with the aim of helping lower traders' average purchase cost. Then, notes OKX, “If prices rise to a level where a trader's predefined target level is reached, the bot sells the position to capture the potential profit”.

OKX cited another example…

“As the market reacted to fears of a trade war earlier this month, the price of Bitcoin briefly dropped below US$92,000 on OKX's BTC/USDT pair before it rebounded to above US$100,000 as traders reacted to political developments.

“Users who incorporate trading bots into their strategies may potentially be able to respond to similar periods of volatility in the future by automating their trades during such periods based on their preset conditions.”

Both bots feature user-calibrated capabilities, including customisable stop-loss settings and real-time monitoring. While bots might assist in responding to market fluctuations, users should monitor their positions and settings to ensure alignment with their strategy.

‘Bot Up Your Game’ and earn USDT

Coinciding with the release of their two new trading bots, OKX also launched its Bot Up Your Game’ campaign*, offering users the opportunity to earn up to 60 USDT (that’s roughly $96 Aussie at the time of writing) in rewards.

According to OKX, while most rewards have already been claimed, users can still earn 20 USDT by generating 500 USDT equivalent in trading volume using a bot during the campaign period”.

Making an impact in the Aussie crypto market

OKX is one of the newer platforms on the local crypto scene but is also one of the biggest, with more than 503 spot pairs and 278 tokens on offer helping it to make a strong impact in a short space of time.

According to the company, local trading volumes have tripled since the platform launched in Sydney in May last year and the Aussie-based OKX team has expanded by 150% in recent months.

OKX’s new automated trading bots are a continuation of the company’s aim to lower the barrier for entry into crypto market participation in Australia, alongside existing features such as direct AUD deposits, ‘Recurring Buy’, instant crypto purchases and various advanced trading tools.

“ one way in which crypto market participants can add to their repertoire,” noted the crypto platform.

“It depends on each user to decide whether or how they incorporate bots into their strategies, but we believe it is a strong addition to the range of products available to Australian traders.”

*The promoter of this Bot Up Your Game: Learn, Trade and Earn campaign ("Campaign") is OKX Australia Pty Ltd ("OKX", "we", "us"). Campaign Period: 6 February 2025 08:00 AEDT - 6 March 2025 23:59 AEDT (or until the Total Available Rewards are fully distributed, whichever is earlier). Rewards are limited and available on a first-come, first-served basis. For the campaign's full terms and conditions, click here.

This article was developed in collaboration with OKX, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Rise of the (trading) bots! OKX looks to reshape how Aussies trade crypto