Crypto exchange Coinmetro launches exchange function
Coinmetro, a fast-growing European digital currency exchange, today introduces a groundbreaking new feature to its Swap widget.
The new tool will enable investors to buy into their entire portfolio in one single trade, without having to buy each coin or token individually – becoming the first of the major crypto platforms to offer this solution.
For years, crypto platforms have offered Dollar-Cost Averaging (DCA) to traders as an effective way to mitigate unpredictable market conditions. However, this has largely been limited to repeated purchases of the same asset. If a customer wanted to invest a fixed monthly amount in a portfolio (eg 40% in Bitcoin, 40% in Ethereum, and the rest spread over 20 different altcoins), they would have to buy each coin separately and calculate how much to invest. into each one. This would require up to 22 separate trades to be made every single month.
Coinmetro’s new solution, developed in consultation with the valued community, peels away multiple layers of complexity at once. Users will be able to increase their portfolio size without affecting their asset mix, and do so in a single trade, with three simple steps. Customers can simply log into their account, go to the Swap widget and choose to switch to “My Portfolio” instead of investing in each cryptocurrency individually.
Oliver Goble, Product Manager at Coinmetro said: “To many people, the world of cryptocurrency can seem like an exclusive club or fortress of complexity, and while neither of those things are strictly true, it’s easy to see why some people feel this way. At At Coinmetro, we see this as a design problem, a problem that can be solved, and are always looking for ways to increase access to crypto with better products that offer more simplicity.
“This latest version of our popular Swap widget has an exclusive feature that we think investors are going to love. Our community is always telling us that they are looking for shortcuts to do complex things quickly, and this is one of the things that traditionally has took a lot of unnecessary time. Now, when payday comes around, investors can steadily increase the size of their portfolio without having to complete a transaction for each of the components.”
Coinmetro’s Swap widget enables users to buy and sell close to 50 cryptocurrencies with just a few clicks, at a fixed rate and with no trading fees. The tool is mostly used by those users who are quite new to crypto or don’t want to go through the hassles of using a spot exchange.
The company is also developing many more DCA products and simple portfolio building and management tools, which will be available to traders in the coming months.
For more information, please visit Coinmetro.com.
