Cryptocurrency copy-trading platform Covesting has continued to make inroads in the space, today announcing its latest achievement with the successful resolution of all formalities to list its tokens on the HitBTC exchange, effective January 20, 2018.
Having just finished a successful pre-ICO period which resulted in well over $1 million in funding, Covesting is now providing its loyal contributors with this added value partnership, which allows the token to be convertible against many cryptocurrencies.
Meanwhile, the startup noted that a recent hype around its offering has driven in a sixfold increase in the amount of contributions, in which over $7.5 million was raised from 8,000 investors.
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On the operations front, Covesting announced this week that it has received over 300 applications so far from professional crypto traders. The platform is designed to bring copy-trading and professional asset management to the cryptocurrency world.
Operating since 2014, HitBTC Exchange is one of the largest cryptocurrency exchanges in terms of trading volume, exceeding half a billion a day. HitBTC is in top 5 on global scale with its platform offering the exchange of 200 different cryptocurrencies to Bitcoins, as well as the most famous altcoins.
On the listing, Covesting CEO Dmitrij Pruglo stated: “Covesting has grown enormously in just the last month, we have raised considerable amounts of contributions, grown the scope of the project, and now we are officially going to be listed on an exchange with over $1 billion in daily volume. Our listing on HitBTC is just the beginning, to start off on one of the world’s largest exchanges is really something special. We’ll leverage this opportunity to expand Covesting into as many other exchanges as we can.”
Covesting allows everyday investors to search and compare the performance of hundreds of proven crypto currency traders and mirror their trades automatically. Simultaneously, the Covesting platform helps investing 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.