New Computer Program Allows Retail Crypto Traders to Make Profits Like the Pros! | Crypto

New Computer Program Allows Retail Crypto Traders to Make Profits Like the Pros!

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– CoinShares is introducing an automated trading product for retail crypto investors, aiming for a market niche not well served by robo advisors.
– The platform, called HAL, connects to users preferred exchanges then automatically executes their chosen trading strategies.
– Its trading bots are active at all times and take positions on a daily, hourly or weekly basis.
– The service costs $19.90 a month and can be canceled at any time.
– The product is being marketed in the European Union and U.K., although the digital-asset investment company doesnt restrict users based on nationality or residence, with the exception of those living in countries sanctioned by the Financial Action Task Force.
– It initially offers four quantitative styles: Wise, Pulse, Artificial Intelligence Pick, and Dynamic.
– Thematic index strategies are also planned.
– A spokesman for the company told Forbes that each users strategy would have its own behavior so that the product wouldnt distort the market with many customers taking similar positions that could be exploited to their disadvantage.
– CoinShares acquired French fintech Napoleon Group, a company offering a similar service to HAL, in order to gain a pre-established customer base.
– Robo-advisors have quickly gained traction since they were introduced a decade ago.
– However, traditional automated advisors have moved slowly to offer crypto products given the volatility of the assets, leaving room for crypto-native firms like CoinShares to fill the gap.

0x0 24 New Computer Program Allows Retail Crypto Traders to Make Profits Like the Pros!

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