Team of former Saxo Bank employees lead by Dmitrij Pruglo, professional equity and fx trader, announced the creation of Copy-trading platform for crypto currencies. A startup named Covesting brings existing model of mirror-trading to rapidly growing crypto currency market.
Crypto currencies trading is a hot topic nowadays. Rapidly growing number of initial coin offerings (ICO) has led to more than 1000 new crypto currencies being created, which are traded on daily basis. And they do provide amazing returns.
However, investing in crypto currencies requires experience and may become very difficult and time-consuming journey, especially for someone who has a full-time job not related to technology or online trading industry. So how can amateur investors take part in crypto trading party and lower risk of losing money? Covesting team found a solution by bringing hundreds of professional asset managers to help such nexperienced investors.
Covesting platform allows everyday investors to search and compare the performance of hundreds of proven crypto currency traders and mirror their trades automatically. Popular in traditional markets, Copy-trading technique provides fantastic opportunity to utilize wisdom of experienced asset managers in order to achieve positive trading results.
“Copy-trading is a widely used technology which is successfully implemented and time-tested on FX and CFD markets. With increasing transactions value and growing popularity of crypto currencies – it’s a perfect time to bring peer-to-peer asset management solution into the blockchain world.” Dmitrij Pruglo, Founder of Covesting project, comments.
Thanks to technology-based solutions and smart-contracts, Covesting platform allows its users to replicate trading activity of a chosen trader directly into their segregated account at Covesting. While asset managers benefit from success fees generated by profitable trading – Investors enjoy peace of mind knowing that their funds being managed by industry professionals.
Pre-ICO for Covesting is scheduled for the 20th of October, and ICO is planned on the 24th of November. Pre-ICO participants will largely benefit from the early discovery of Covesting project, which provides a fantastic opportunity to purchase Covesting Tokens at a significant discount. However, there is a very limited amount of Tokens available at Pre-ICO round, which provides the lowest possible purchase price.
Along with significant financial markets expertise of the founders, the team will allocate some serious specialists for user acquisition and support. Such support will cover areas including marketing, post-ICO/crowdfunding strategic development and advanced technical support. Team is absolutely confident about going throughout all the stages of platform development starting from crypto currency exchange integrations to development of the Mobile apps which will be available in the nearest future.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.