Crypto Firm Mudrex Launches Platform for Automated Trading April 17, 2020 April 17, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 17, 2020 by Kelly Cromley

Crypto Firm Mudrex Launches Platform for Automated Trading

Cryptocurrency firm Mudrex has unveiled a unique platform named Mudrex Invest.

The latest platform permits average utilizers to benefit from expert-created automated trading systems.

Mudrex CEO Rohit Goyal explained how traders can take advantage of the algorithmic platform:

“Sophisticated traders create trading algorithms using Mudrex automated trading platform. Multiple algorithms are merged together to create low-risk/low-reward to high-risk/high-reward portfolios.”

Trading always results in clear-cut winners and losers. Surveys indicate that a huge chunk of traders lose money.

Notably, there are very few entry barriers to newcomers, but can succeed only with a solid strategy.

Average investors can stare at several issues, with very little opportunities for credentialed investors, according to Mudrex co-founder Edul Patel.

Goyal pointed out that “Access to sophisticated investments like hedge funds had been accessible only to high net worth investors so far.”

Using Mudrex Invest, retail investors can create portfolios as per their risk profile using the available settings.

The platform has already gone live on April 10, after the completion of a beta phase that recorded $180 million in volume. To guarantee quality, Mudrex conducts detailed study before clients are allowed to gain access.

Goyal said “Mudrex relies on various metrics used in finance traditionally to define risk-reward profile of a fund.”

Specifically, Goyal pointed to sharpe ratio and maximum drawdown evaluations as some of the crucial metrics that is being used by Mudrex.

Goyal further said that “Funds which don’t qualify the set criterion for these metrics, get rejected before being available for everyday investors.”

As cryptocurrency gathers mainstream awareness, several products and characteristics will probably become reality.

Yesterday, Binance rolled out options trading, offering clients yet another chance to take part in the sector.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.