Inside Crypto Shark: The Story of the UK’s Largest Crypto Trading Firm

BAYSIDE, GIBRALTAR, Oct. 21, 2022 /EINPresswire.com/ — It might be the start of the week for the rest of us, but for the Crypto Shark workers it’s the equivalent of the Bull run, the busiest day of the week, and the opening bell of their market is about to call. Crypto Shark has a huge amount of money on the line because they are responsible for the largest crypto trading investment in Gibraltar which is believed to be up to £350 million in a good year.

CS is set on this week’s trade. The first crypto trade of the week is about to begin. And with that also begins a weekly multimillion-pound trading bonanza. Crypto Shark can trade £1 million on the outcome of a single event in the market and more on the others that will follow in the next 24 hours. But this is not an exchange.

Crypto Shark is a company that treats crypto trading like hedge funds treat stocks. Officially, it describes itself as a trading consultancy that uses complex statistical models to generate results that are sharper than those offered by professional traders. These are then traded on for the clients to help them beat the market. The company thus acts more like a trading advisor than an exchange – it doesn’t actually take crypto, but earns between 3.5%-5% monthly for its clients. But the highly secretive company also runs one of the most successful professional crypto trading syndicates in the world, placing trades worth hundreds of millions of pounds each year on behalf of clients. This is the largest business…

The trading system has gone largely unnoticed outside the world of professional crypto trading, but we’ve spent the last few months researching the company to understand how it works. We persuaded several former employees to speak on condition of anonymity, talked to industry insiders and combed through old press clippings to piece together a definitive story about the company.

A former employee told Yahoo: “Every aspect of crypto that you could think of was taken into consideration. I guess that’s why they’re so good at what they do. The time of year, the market morale, everything related to the ecosystem they would be analyzed under the microscope. It was quite impressive.”

The data generated by CS is plugged into a highly complex statistical data model, built by another team, the “quants”. This is the computer spinner you usually find in investment banks.

Based in the top floor office, these figures spend their days building and maintaining an algorithm that not only collects all the data points, but also determines the proper weighting for each.

Jules Rydal, CEO of Betting Expert, an NFT/Crypto sharing platform for amateur traders, says: “If they take a position, they will definitely move the whole market. They do as much as possible not to let others know about their position .”

“I can’t tell you somebody ‘last week they had this position’ — I don’t know. But what I can see is that the market has moved and it signals that one of the big syndicates has made a move, you know that it’s big boys playing.”

Oliver Reynolds
Crypto shark
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