Bankless Times
Bitrue Simplifies Digital Asset Management
HomeNewsBitrue Simplifies Digital Asset Management

Bitrue Simplifies Digital Asset Management

Daniela Kirova
Daniela Kirova
December 16th, 2023
Why trust us
Advertiser Disclosure
  • It lowers the average cost of investments and protects against market volatility
  • Many native L1 and L2 tokens and the 30 biggest altcoins have the feature

The new service which Bitrue has been working on integrating for several months allows users of the centralized exchange to buy digital assets at fixed quantities on an automated basis, with the intention of assisting them in lowering the average cost of their investments and protecting against market volatility.

Rigorous back testing to ensure safety

More than a dozen digital assets have the feature, including many native L1 and L2 tokens and the 30 biggest altcoins by market cap according to the latest data. It underwent half a year of back testing ahead of its launch, achieving a return rate of almost 120% in that time. This is quite impressive considering the average annual market return is around 10%.

This performance demonstrates the potential for users of auto investing. They can hold Auto Invest orders and get additional interest at the same time via Power Piggy. If they buy a currency via Auto-invest that has a flexible interest product in Power Piggy, the system invests it in PP automatically, and the users have access to flexible interest at once. This feature ensures automated investment returns in such cases.

For busy people with dynamic lives

The feature is designed for busy customers who lead dynamic lifestyles but have a good understanding of markets and want to automate the process for ease. The feature has also been developed for customers who have less knowledge and want to de-risk the cost per trade through automation.

Moving to wealth management

Features like this are an important step as Bitrue moves from being purely about trading, staking, and lending, to more digital asset management and wealth management style user experience where risk management, automation, upside momentum, and downside momentum deliver in excess of the market.

Bitrue already provides data and information on historically well-performing investment portfolios, simplifying the investment analysis and providing information as accessibly as possible. The exchange is committed to enhancing the feature by adding more cryptocurrencies and providing additional investment portfolio strategy options over the coming months.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.