cryptocurrency

UK firm launches AI system to help local investors navigate cryptocurrency market – The Business Desk


A UK firm looks to lead the charge on helping local investors navigate the world of digital currencies by launching an unbiased cryptocurrency credit ratings service this year.

Evai.io was formed in 2019 by FCA, CF30 regulated advisor Matthew Dixon and his team which bring together over 30 years of traditional financial services experience, world renowned academic thought leadership and a track record of success in algorithmically traded funds. Flying the flag for Artificial Intelligence (AI) in the UK, ihe core Evai.io proposition consists of a Evai cryptocurrency token and the company’s innovative cryptocurrency ratings system named ‘The Bridge’- which uses AI protocols and machine learning to continuously evolve and optimise the service allowing it to keep pace with the fast moving market.

‘The Bridge’ is a new ratings approach to cryptocurrencies, inspired by pioneering research undertaken by Professor Andros Gregoriou, Brighton Business School Research Excellence Lead (University of Brighton). It will shortly be applied to over 5,000 cryptocurrencies to identify the most profitable ones for investors to put their money behind. The ratings are based on six core factors that assess a wide range of financial risks and variables including liquidity, market momentum, systematic risk, investment and profitability along with the calculated peak to end value.

Matthew Dixon, Evai.io Co-Founder and CEO said: “Digital currencies and blockchain are the future of our global financial systems. While Bitcoin is the cryptocurrency that grabs all the headlines there are actually thousands of other cryptocurrency assets in circulation on leading investment exchanges. With so much choice often comes confusion and the role we want to play is to help investors identify the assets that have strong business cases and liquidity.”

Professor Andros Gregoriou, said: “The system we have developed is essential to the future of cryptocurrencies. We use a combination of AI and traditional financial models to credit rate all cryptocurrencies and exchanges. This will ultimately provide investors of all levels with the confidence to make smart decisions about their asset allocations in cryptocurrencies.”

Evai.io will launch its final round of investment funding on the ZBX cryptocurrency exchange platform on 15 July and unveil its cryptocurrency ratings platform later this year.



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