Tradency has just marked an important milestone for its trading offering. The company’s flagship product now supports cryptocurrency trading. Both the company’s mirror trading and robo-advisory platforms are enabled to support trading in digital currencies.
The move comes amidst continually-increasing demand for trading cryptocurrencies. Tradency is rolling out Mirror Trader Crypto and RoboX Crypto as optimized products that are suited to handle cryptocurrency trading strategies and portfolios.
Tradency has focused on the top five most popular crypto currencies – Bitcoin, Litecoin, Ethereum, Dash and Ripple. Both solutions are specifically optimized to handle cryptocurrency trading, where increased volatility and differentiating patterns require a tailored approach.
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The Mirror Trader Crypto and RoboX Crypto products will be available to all brokers that are offering cryptocurrency trading. The new strategies tailored to the crypto space are developed on the basis of Tradency’s global ecosystem of strategy providers.
Brokers will be able to employ full flexibility when offering the product to their clients, choosing to add crypto strategies to their existing Mirror Trader and RoboX platforms, or create brand new dedicated auto trading platforms specific to cryptocurrencies.
Commenting on the launch, Tradency’s VP of Sales Oz Golan said: “Volatility creates many trading opportunities for active traders. As such, crypto assets are great fit for automatic algo trading.”
“FX brokers adding cryptocurrencies to attract day traders who see the opportunities in cryptocurrency trading patterns. With the Mirror Trader crypto and RoboX crypto services, these opportunities can be delivered to a much wider audience,” Mr Golan added.