Retail cryptocurrency investing may be revolutionised by CoinShares’ HAL automated trading

The algorithmic trading platform HAL, developed by London-based digital asset manager CoinShares, has the potential to transform retail cryptocurrency investing.

For a fee of 19.9 euros (roughly $19.8) per month, HAL, which stands for Heuristically programmed ALgorithmic computer, will let cryptocurrency traders use sophisticated trading strategies created by the CoinShares quant team to easily trade cryptocurrencies non-custodially on their existing centralised exchange accounts.

According to a press release from CoinShares, HAL is the first product of its kind that gives retail cryptocurrency traders “easy access” to trading methods created or compiled by experts with demonstrated expertise.

Four quantitative investment techniques are currently available as strategies, and thematic index strategies are in the works. To connect to Binance, FTX, Kraken, and Bitfinex right now, use HAL.

In an interview with Forbes, Jean-Marie Mognetti, CEO of CoinShares, stated that the robo-advisor platform was created to assist regular traders as opposed to current platforms that target expert traders with complex marketplace offerings and bots created by amateur traders.

These exchanges allow for the trade of a number of cryptocurrencies, including Bitcoin (BTC), Ether (ETH), BNB, Polygon (MATIC), Ripple (XRP), Cardano (ADA), Solana (SOL), Bitcoin Cash (BCH), and Dogecoin (DOGE).

It’s for every customer who has an exchange account with a European exchange and wants to be able to approach their trading environment with a little bit more risk, according to Mognetti.

The first product for retail investors that CoinShares offers is HAL. However, the asset manager is convinced that the retail market will gain confidence due to its track record with institutional investors, where it has survived numerous downturn markets.

“We have successfully navigated through numerous bear markets. In the end, people tend to trust those who stick with them over the long haul. CoinShares is one of these entities in the crypto ecosystem, and we’ll be there for a very, very long time, according to Mognetti. Automated trading could be the new trend in crypto

HAL might be leading a movement to offer retail crypto traders secure algorithmic trading services. Robo-advisors have long been a staple of the stock market, but they are less prevalent in the cryptocurrency sector. Charles Schwab, a provider of financial services with a robo-advising product of its own, predicts that by the end of 2022, robo-advisors would be in charge of managing assets worth approximately $460 billion. If HAL lives up to its promises, the cryptocurrency sector could see similar success to stock robo-advisors.

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