Cryptocurrency platform Covesting has continued to make inroads in the crypto industry, today announcing a public beta testing for what is likely to be the next big thing in the blockchain-based trading industry.
Covesting has planned the rollout of its platform, which managed to already receive over 1200 applicants from professional crypto traders, for 2018. The platform is designed to bring copy-trading and professional asset management providers to the cryptocurrency world.
The launch of beta testing period builds off the success of Covesting’s previous developments, which included its initial-coin-offering (ICO) last December, the deployment of its Crypto Intelligence Portal, as well as its recruitment strategy that saw veteran Saxo Bank executives, Kurt Carlsson and Peter Kristenson join its ranks.
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Covesting has invited 200 beta testers among all users who registered on its site before March 30. The selected group has been provided with an initial deposit of 0.2ETH to explore all available features and report bugs on the platform. Also, the testers will share their opinions about interface/UIX issues, problems with order execution, data representation/calculation issues and all that they think will need to improve or change.
Covesting allows everyday investors to search and compare the performance of hundreds of proven cryptocurrency traders and mirror their trades automatically. Simultaneously, the Covesting platform helps investment talents bring their results to light, whereby competing with other traders in the equally fair environment.
Covesting was initially started by Dmitrij Pruglo, as well as several other ex-Saxo Bank managers who collectively boast an extensive background in FX, equity, and derivatives trading. Their platform aims to bring ordinary investors who do not have the time or tech knowledge to invest in cryptocurrencies, facilitating the ability to invest intelligently in a booming new market.
Commenting on the news, Dmitrij Pruglo, CEO of Covesting, said: “We are pleased to announce that the cryptocurrency community showed a huge interest in beta testing of our platform, and the number of applications considerably exceeded our expectations. We selected the most experienced traders and the most dedicated members of our community as participants of beta testing, but we may offer some other participants to take part in the process later.”