“2019 will be a year of accelerated maturation for the crypto sector.”

A new feature launched today on the popular cryptocurrency trading platform Cryptohopper is allowing traders to buy and sell algorithmic trading strategies and implement them in the form of a cryptocurrency trading bot.

The feature is designed to allow beginners to cryptocurrency to trade with confidence, by leaving the heavy lifting to a bot built on the successes of proven traders.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Users buy strategies that have proven successful in cryptocurrency trading and are given the opportunity to try them out in what is known as Paper Trading – a mock trading environment where users can practice without laying out real money.

These strategies are essentially rules for when to buy and sell, which have been developed by seasoned traders and then expressed as an algorithm so they can be performed automatically.

Once they are happy with the strategies, they can implement them as a live cryptocurrency trading bot, which will use their money to buy and sell mainstream coins on the user’s chosen exchange, including Bitcoin and Ethereum, as well as niche cryptocurrencies such as Altcoin and Stablecoins.

Cryptocurrency trading bot increases investment access for beginners

The weak performance of a number of cryptocurrencies in 2018, most notably Bitcoin, saw many beginners get stung; however there is still considerable interest in investment.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Cryptohopper’s platform is designed to meet this need but allow newbies to invest more successfully.

“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,” said Ruud Feltkamp, CEO and co-founder of Cryptohopper.

“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.”