Fintech startup Covesting comes out of stealth with its long-awaited copy-trading platform for cryptocurrencies

We live in cryptocurrency world and many people are eager to invest and profit from it. But the biggest challenge or huddle is lack of skills in managing risk management on trading cryptocurrecny. This challenge is not limited to new investors who are new to cryptocurrency market, but also experienced some traders who have long been trading but not yet can get consistent profit from the market crypto, probably because they have not mastered technical analysis, fundamental analysis and psychological control in trading. That’s the problem Covesting is trying to solve — provide a platform for connecting unskilled investors in cryptocurrency trading with professional trader / professional crypto asset manager.

Fintech startup Covesting comes out of stealth with its long-awaited copy-trading platform for cryptocurrencies. In a company release, the startup said it is now making the platform available to public. Founded by  former Saxo Bank traders, Gibraltar-based Covesting is the ultimate platform for investors and traders who are looking to utilize advanced tools and technology in order achieve maximum returns in cryptocurrency markets. The professional community has hailed the launch as a chance to have an insight in how the platform, a unique development in the cryptocurrency trading area, will operate.

With this launch, investors from around the world can compare the performance of hundreds of successful digital asset managers and mirror their trades automatically. The platform allows its users to automatically copy the trades made by the successful cryptocurrency traders and profit together. The Covesting platform is based on the concept of peer-2-peer asset management, an approach that has a solid performance record in the classical markets such as FX and Equity. The platform will allow investors to copy trades of the most successful professional cryptocurrency traders on the market and profit together.

The project will also feature several big initiatives, such as liquidity aggregation, a trading terminal, and educational and informational portal Crypto Intelligence, which has recently been launched. Thanks to the combination of technologies, the Covesting platform will serve as a one-stop source for traders, willing to execute trades on the largest exchanges in the world and benefit from the best prices.

The Covesting team once again exceeded expectations of the community as some of the key features of the platform turned out fully operational as early as now. The presentation featured the demonstration of the fully functional exchange and a wallet that supports most popular cryptocurrencies. The team stressed its focus on asset protection, with the security system of the platform already including two-factor authentification, data encryption and a secured asset storage.

Covesting’s developers say that they manage to keep up with the timeline and are confident about further progress. The company announced that the Beta version of its platform is expected to be launched in late March, in line with previous projections.

Covesting’s team includes highly skilled professionals with background in trading, investment banking, blockchain, AI, data, and fintech (Saxo Bank, SEB Bank, JP Morgan, Zurich Insurance and others) with accumulated trading experience of over 60 years. Covesting’s ICO in late December 2017 was a notable success, the hard cap was reached early, while previously its MVP was widely accepted by the community. As soon as the platform is launched, its users will be able to benefit from experience of over 1000 experienced cryptocurrency traders, who have already applied.

Below is a video overview of Covesting works.