Tradency Debuts Tailored Flagship Products for Crypto Trading

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.

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The move comes amidst continually-increasing demand for trading Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. Tradency is rolling out Mirror Trader Crypto and RoboX Crypto as optimized products that are suited to handle cryptocurrency trading strategies and portfolios.

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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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term and differentiating patterns require a tailored approach.

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.