Copy trading firm eToro announced on Tuesday that the Napoleon Group has released a cryptocurrency investment strategy on its platform.
“I am delighted that asset managers like Napoleon Group want to work with eToro via our range of Partner CopyPortfolios,” said eToro chief executive officer Yoni Assia.
“Our Partner CopyPortfolios are about making it as easy as possible for investors to tap into the strategies of professional asset managers and traders.”
Napoleon Group operates NaPoleonX – the first cryptocurrency asset manager to receive a regulatory license in France. The company was funded entirely by an initial coin offering in 2018.
Crypto bot trading
According to a statement issued by eToro, the asset manager trades in the digital assets markets using a set of proprietary trading systems.
And it’s those systems that the firm is hoping will attract retail clients on eToro.
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“Crypto markets are volatile and this might be off-putting for some investors, that’s why we are eager to share our solutions with more people,” said Stephane Ifrah, Napoleon Group’s CEO and one of the company’s co-founders.
“Our strategy, historically, has enabled people to participate in the crypto bull run while limiting the downside in more turbulent markets.”
Like many other retail trading companies, eToro has eagerly embraced cryptocurrency trading.
But it has gone further than most of its competitors.