Join Our Mailing List
Wednesday December 06, 2023
Bitcoin (BTC) $44,135.83   Ethereum (ETH) $2,297.22
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges Trading

Trality launches automated crypto trading marketplace platform

Vienna company lands six-figure grants from the Austrian Research Promotion Agency (FFG) and the Vienna Business Agency...

Published by CryptoNinjas.net
02/26/2020
Trality launches automated crypto trading marketplace platform

More than 80 percent of private traders make losses. Especially beginners find it difficult to classify risks correctly: they decide emotionally, overlook market trends and trade manually instead of leaving this work to automation software. This is why, in the professional field, trading bots are used to tackle these challenges – algorithms that automatically determine the right time for buying and selling. The cost of these computer programs can go into the thousands. The Viennese FinTech startup Trality aims to transform the market by making bot trading accessible to a broad public.

“We want to bring automated trading from Wall Street to private trading. In the beta phase, we are initially targeting traders of Bitcoin and other cryptocurrencies who already have some experience in developing trading bots. Developers can use their Python skills to build sophisticated bots, test their strategies with real market data and trade live on exchanges. The financial support from FFG now enables us to further develop our platform to also address those traders who are still inexperienced in bot trading”, says Moritz Putzhammer, Co-Founder and CEO of Trality.

An “App Store” for bots

Until the fall, Trality wants to make bot-trading possible for beginners as well. “After the crypto hype of 2017, many Austrians have invested in bitcoin, ether, etc. However, many lack the time and how-how to successfully trade with it. We are therefore building a marketplace where developers can publish their best bots. Where everyone can replicate the trading strategies of these bots with just a few clicks by renting it on a monthly basis. Similar to the App Store, but for trading bots,” Moritz Putzhammer explains the marketplace principle. Trality attaches great importance to the protection of the intellectual property of the developers: The algorithm of the bot remains visible only to its original developer.

Launch on the crypto market only the first step

For Trality, the cryptomarket is the first step in the course of the long-term planned expansion into trading with classic securities. Because unlike stock trading, crypto offers many advantages: free access to exchanges, lower trading fees and no brokers as middlemen. With the help of FFG funding, Trality also wants to integrate Machine Learning into its platform: This would allow bots to be developed even smarter, for example by independently predicting market trends in real-time.

Focus on responsible trading

The security of the traders and their bots is Trality’s top priority. Measures for the protection of the users include in particular

  • Quality screening of bots offered on the marketplace
  • Secure storage of trading algorithms
  • Ability to encrypt trading algorithms

Trality does not sell or trade digital assets itself, the platform purely acts as a cloud provider for bots. Trading and custody of cryptocurrencies are therefore only carried out on approved exchanges to which the traders can connect.

Introduction of the Bot Marketplace

After the completed beta phase, Trality wants to launch the marketplace for trading bots in the fall of 2020. For a monthly rental fee, bots can be used on the marketplace, a part of these revenues will be paid out to the developer of the bots.

Trality currently supports the crypto exchange Binance and extends trading to the ever-growing number of exchanges. For beginners, the start-up allows trading with virtual money on a test exchange before real crypto assets are traded.

25
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries...

Read more

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

For some people, the word bitcoin still triggers an eye-roll, but by now, most of us know that cryptocurrency is here to stay. With that in mind, it’s a good idea to make sure...

Read more

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Today, Fuse Network, an enterprise-grade, use-case agnostic, decentralized EVM-compatible public blockchain, announced Liquify as its newest remote procedure call (RPC) provider and ecosystem partner. Liquify will provide public RPC services – both free and...

Read more

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets - a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Top 5 Sauciest Non-Fiction Books on Crypto & Blockchain

Top 5 Sauciest Non-Fiction Books on Crypto & Blockchain

11/29/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
Yubo Ruan: Revolutionizing Web3 With A Web3 Super App

Yubo Ruan: Revolutionizing Web3 With A Web3 Super App

11/28/2023
Crypto quant trading platform AlgoTrader completes CHF 3.7M Series A funding

Crypto quant trading platform AlgoTrader completes CHF 3.7M Series A funding

01/08/2020
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy