Upbit, Bithumb Support AI Agent Trading; Caution Advised Due to Convenience and Risks

South Korea's leading digital asset exchanges, Upbit and Bithumb, are rolling out AI agent support services, enabling users to execute trades using everyday language. Upbit, operated by Dunamu, introduced 'Upbit Skill,' which assists AI agents in performing trading functions through natural language commands. Bithumb launched 'AITradeKit,' allowing users to interact with generative AI for tasks ranging from market price inquiries to actual trades.

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AI agents are AI systems capable of independently assessing situations and planning execution steps.

These new services aim to simplify trading by allowing users to build automated trading environments without needing coding knowledge, thereby increasing convenience. However, the increased ease of use is accompanied by significant security risks, necessitating careful attention from users. AI agents are AI systems capable of independently assessing situations and planning execution steps. In the digital asset space, they can be utilized for portfolio monitoring, asset reallocation based on market conditions, and executing conditional orders.

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AI hallucinations can lead to incorrect information, such as wrong smart contract addresses, causing losses.

The trend of 'vibe trading,' where users analyze markets and trade by conversing with AI, is an extension of 'vibe coding,' where developers write and modify code through dialogue with AI. Dunamu reported a 76% increase in API users on Upbit from 2023 to 2024, reflecting the growing adoption of AI in trading. In response, Upbit and Bithumb have launched AI agent trading services to facilitate easier and more stable vibe trading.

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Prompt injection attacks can allow unauthorized fund transfers, and users must also be wary of phishing scams, social engineering tactics, and data leaks.

Despite the benefits, AI agent trading presents considerable risks. AI can make mistakes, and agents can be manipulated externally. Furthermore, digital asset transactions are often irreversible once completed. Binance, a global digital asset exchange, has identified key risks including AI hallucinations, security vulnerabilities, and unverified tools. AI hallucinations can lead to incorrect information, such as wrong smart contract addresses, causing losses. Prompt injection attacks can allow unauthorized fund transfers, and users must also be wary of phishing scams, social engineering tactics, and data leaks. Using unverified tools or plugins can expose wallet connection and authentication information.

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AI agents are not better at identifying fraudulent projects than humans; rather, the rapid execution speed may leave insufficient time for review, leading to damage.