The ‘crypto winter’ seems to last much longer than expected: cryptocurrency is still in the bear market. This fact is extremely simple to prove: just a quick glance at the CoinMarketCap data is enough to get that the market suffers as only 8 out of top 50 cryptos are green at the moment of writing. And none of the green ones is in the top ten.
Some businessmen may treat this situation as a reason to quit the market, but the team behind Covesting, a cryptocurrency trading platform, prefers to think about the bear market as of a positive environment. The fintech startup created by former Saxo Bank traders is steadily developing its trading ecosystem and adding new products to it.
Covesting has created a solution that significantly simplifies the work of traders as this ecosystem includes everything a trader may need. The main concept of this ecosystem is copy-trading which has already proved to be effective for the traditional investments. This model attracts more and more people because of its mutually beneficial nature. The copy-trading approach allows to minimize risks for the novice traders and simplifies the first steps into the world of investments. Their experienced colleagues not only earn profit but can try themselves as trading consultants and share their knowledge.
The beta version of the desktop Covesting platform is available for testing. It has already received lots of enthusiastic reviews on the design and interface. The usability is one of those features of the platform that are evident for its users, but Covesting also did a great job on the regulatory and security issues. The two-factor authentification, data encryption, and a secured asset storage are already functioning to provide better user experience.
Covesting has the well-deserved reputation of a company that keeps its word. All of the products that create the Covesting ecosystem were launched promptly to the roadmap. This project is committed to the long-term success and a great example of its strategy is incorporation in Gibraltar. That was a well-though decision which allowed Covesting to work within a solid regulatory framework. The next step for the fintech company is obtaining a DLT license.
The company has recently shared some great news that for its users: the Covesting mobile application has already been demonstrated and will soon become available for both iOS and Android. The time issue is critical for such volatile markets as the crypto one, so it is hard to overestimate the importance of the mobile trading solution.
The core element of the Covesting ecosystem is the trading platform, but it also includes some other notable features like the educational and informational initiative Crypto Intelligence Portal. This portal accumulates all the information needed for successful trading: experienced users will make use of the latest news and innovative trading strategies while the newcomers can enjoy free tutorials and video lessons.
Covesting has chosen to create a one-stop solution for traders. This complex approach requires lots of skills and talents from the project team. Luckily, Covesting has attracted the leading specialist in trading, investment banking, blockchain, AI, data, and fintech. The members of the Covesting team has experience in working for such giants as Saxo Bank, SEB Bank, JP Morgan, Zurich Insurance and others – and now they adopt all the best practices of the traditional trading to the crypto sphere.