Why did you decide to create a product regarding to the crypto-trading?
At start we developed product for ourselves incorporating 10 years stock trading experience in Tradelize solution. So we know that traders face multiple challenges while trading cryptocurrencies. These include a lack of professional trading tools, a different and at times incompatible functionality of crypto exchanges and difficulties related to following and quickly reacting to value-creation events.
And why do you think that cryptocurrencies trading is superior than stocks (commodities or Forex)?
For trading purposes cryptocurrencies are superior to other instruments for at least 3 reasons:
1) Highly Volatile
Large price moves are far more common in crypto than almost any other instrument.
2) 24/7
Trade in crypto remains active around the clock as volume is distributed primarily across American, European and Asian sessions.
3) Crypto exchange fees are minimal compared to traditional exchanges and the deposits or withdrawals are accomplished within hours from anywhere in the world.
What about this situation: the trader I follow starts taking losses?
This is a risk any investors take up, that is why our solution provides blockchain-based system to help you choose your trader wisely. Additionally, trader itself is set to win, not only from financial perspective, but also from reputational side, which is encrypted into our Tradelize.score system
Also we provide awesome tool. Portfolio management: an instrument which allows, on the one hand, to view asset allocation per trader and investment asset, and on the other hand, to utilize extensive settings to manage the risks, adjust amounts allocated to following a certain trader or traders and/or strategy and ranges of permitted price execution for copy trades (trades that replicate performance of trader and/or strategy).