Crypto is still a distant world for millions of regular people.
Yes, the industry is bigger than ever before, and pretty much everyone knows what Bitcoin is. That said, the majority of the population has never handled crypto in any capacity and fewer have traded crypto. Crypto and regular fiat currencies are freely interchangeable and should not be mutually exclusive.
Monetum’s acquisition of algorithmic trading tool Upbots solves this problem in one fell swoop. The merging of a fiat on/off ramp exchange platform with a simplified crypto trading tool adds immensely to its range.
Monetum partners with Upbots
Monetum recently partnered with Upbots to transform users’ trading experience. Notably, Monetum has carved a niche as a robust platform for crypto transactions and fiat off-ramp management. Upbots will add its algorithmic trading capabilities to this service and create more comprehensive portfolio management solutions for users. The collaboration is great for user engagement and improving the trading experience.
Sophisticated trading algorithms boost Monetum’s financial services greatly. A streamlined process from fiat to crypto trading is convenient for anyone. Newbie traders with little experience in the crypto scene can deposit their cash and access crypto markets in minutes. Having this depth on one platform is the essence of modern finance.
Trading does not have to be the preserve of trading experts like it was in the days of stock exchange floor trading. Anyone with the time and means to trade crypto can now access these services online for almost no cost, no minimum buy in and no real on-going knowledge of trading required..
Monetum has moved forward its vision to bridge traditional finance with the growing cryptocurrency space. There are billions out there who find crypto trading too complicated to dabble in. By connecting fiat management solutions to algorithmic trading, the process becomes incredibly easy for anyone willing to join. Monetum’s licensed platform and mobile app benefit greatly from this partnership.
A simplified trading experience
Upbots seeks to enhance user trading experiences across crypto and forex markets. It has tools that simplify trading by providing educational tools, automation, and portfolio management. The idea is to get all types of traders access to sophisticated trading and remove the barriers to entry in traditional trading.
Upbots has a dynamic array of trading algorithms to simplify the trading experience. Trading algos take out the complexities of market analysis and allow anyone to trade from anywhere with all of the financial benefits and much fewer of the risk. The bots also have machine learning capabilities and get better with time. Additionally, Upbots does not have the upfront fees of other platforms, with users only paying when they make profits. The entire ecosystem is built around success incentives. Even the platform itself only makes money when it’s users are making money.
Algo trading also incorporates risk management tools that can benefit new traders. Human emotions like fear of missing out and chasing losses can be catastrophic to a trader. Algorithmic trading incorporates risk management by generally making better-controlled decisions in the market.
The big picture
Trading is now accessible and simple thanks to technological advancements. The equalizing effect of the internet and powerful tools like Upbots ensure that users can trade at the palm of their hands. This partnership between Monetum and Upbots is a transformational moment in the crypto trading landscape.
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