Yat Siu, executive chairman of Animoca Brands, warns about the risks of using AI agents for cryptocurrency trading. These agents, already available on platforms like Coinbase with Agentic Wallets and Binance with AI Agent Skills, allow users to trade 24/7. The Bank of England warned in April 2025 that widespread use of similar AI models could amplify market shocks as investors pile into the same positions. Siu highlights the risk of suddenly losing access to a personalized agent after months of setup, recommending that users download their data to transfer it elsewhere. He advises treating AI agents like third-party advisers and limiting the amount of personal information shared with them.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
