Crypto Market: A New Exchange Leverages Automated Trading To Attract Experts and Beginners Alike

Crypto Market: A New Marketplace Leverages Automated Trading To Attract Experts and Beginners Alike

Crypto Market: A New Exchange Leverages Automated Trading To Attract Experts and Beginners Alike

Cryptohopper just announced the showcase of the Cryptohopper Marketplace. This  marketplace is a collection of high-performing trading strategies, which people at all skill levels can buy and sell to implement across the exchanges they trade on.

Beginners on the Marketplace can buy strategies built by professionals on the platform, with over 130 Indicators and Candlestick Patterns. Less-experienced traders can pick and choose strategies to implement across exchanges that they trade on. Once purchased, users’ hoppers (bots) will execute the strategy 24/7, because crypto trading never sleeps.

This will be fostered by an advanced automated trading tool, which is more commonly known as an algorithmic trade or quantitative trade. Automated trading is the buying and selling of cryptocurrencies automatically without the need for human intervention. This may involve sophisticated algorithms and strategies based on Candlestick Patterns and Technical Indicators or may be as simple as the bot automatically executing the predefined trading rules established by a user.

Cryptohopper can be seen as a tool that fundamentally improves pre-existing exchange
trading. The vast majority of cryptocurrency trading occurs on an exchange, where users can only manually buy and sell crypto. This makes the experience of trading on exchanges very basic.

In recent years, however, exchanges have begun to allow what is called an API to connect third-party apps to receive exchange data, and based on this data, form decisions and send instructions back to the exchange.

CEO and co-founder of Cryptohopper, Ruud Feltkamp, said: “Originally a cryptocurrency trading bot for professional traders, Cryptohopper has evolved into a platform where everyone can implement trading strategies that professionals use on a daily basis”.

He continued: “There is still serious demand from mainstream consumers who are getting into cryptocurrency trading but most do not know or have time to learn technical analysis. They just take a gamble or buy coins to HODL and ignore the trading game that professionals play. Cryptohopper fills this gap by allowing inexperienced users to register, buy a trading strategy from a professional trader and have their trading bot execute trades on their behalf, 24/7.”

As stated by the company, the ability to buy professional strategies is just one of many features within Cryptohopper’s platform to make trading easy, fun and rewarding for everyone, regardless of their experience. Notably, beginners can practice for free with Paper Trading on the Cryptohopper platform – meaning users can try out the trading strategies they want to buy with weightless cryptocurrencies (fake digital assets) before they sign up and trade with real digital assets.

Additionally, the platform is built on cloud services, so users don’t need to run the bot on their own server. This makes implementing the bot quick and easy and makes updating new features instant and hassle-free.

Cryptohopper will attend to the CES 2019 in the Eureka Park, Booth 51726. The team, accompanied by HRH Prince Constantijn, will be in the Holland Tech Square alongside 50 of the Netherlands’ hottest startups. Cryptohopper will be showing the world why cryptocurrency trading is for everyone.

Cryptohopper was founded in September 2017 by a Dutch entrepreneur and celebrity, Ruud Feltkamp, and his brother, expert developer — Pim Feltkamp. The company is based in Amsterdam but operates globally with 80,000 users worldwide.

Cryptohopper is a cryptocurrency trading platform and bot allowing users to automate the buying and selling of top performing trading strategies. Cryptohopper trades on your behalf on your active exchanges to ensure that you never miss the optimum buy and sell moments, 24 hours a day, seven days a week.