Monaco, also known by the name Crypto.com, has recently announced the release of a beta version of an entirely new feature of their popular cryptocurrency trading mobile application. This new feature is called “MCO Crypto Invest,” and it offers several new services to users of the Monaco app, allowing eligible users in this closed-beta session to access 20 unique digital assets, setting up three separate portfolios to track and monitor financial progress while they trade.
This newest service out of MCO should come as no surprise, especially given the company’s track record of quickly coming out with the newest technologies in closed beta sessions before releasing them to the general public. The MCO wallet app is already regarded as one of the most recognized names in the mobile wallet business, and the company has on numerous occasions stated its intention to expand into other sectors of the cryptocurrency community, using their unique wallet as a jumping-off point for a variety of important new steps on their road to a comprehensive cryptocurrency service.
One notable feature of the new offering is that it is reported to have the ability to filter investment suggestions based on the risk preferences of the user. For those investors familiar with the inner-workings of Wall Street, this should come as no surprise. Investor risk management is a major aspect to be considered when delving into any potential investment plans, and most investment firms offer several options for low risk, medium risk, and high risk investors.
The announcement came via Twitter on August 9th of this year. Writing from the official MCO Crypto twitter account (handle MCO_Crypto), the company tweeted that they have begun the “Closed Beta testing” for Crypto Invest, which the startup referred to as a “new feature” on the existing wallet application by Monaco. They also provided a link to their Medium article on the subject, which explains the platform in more detail.
This information comes at an important time for the company, as they are likely suffering as much as any cryptocurrency-based startup while the market remains in perpetual freefall. It is likely that Monaco hopes that this newest service will help to spur market participation and interest in their wallet, which has seen some minor decreases in general user volume recently.
According to the official Medium post on the subject, Crypto Invest is poised to be an effective way that users of the existing Monaco wallet can quickly trade cryptocurrencies with minimal fees. The format for the press release had to do heavily with the strengths of the service, with Monaco emphasizing several notable new features included in this section of the application.
Specifically, they outline that users can gain access to twenty unique cryptocurrencies, accessing the currencies by choosing one of three investment options, or portfolios. The portfolios, the company elaborated, are “tailored to personal preferences.”
Additionally, the process is simple to start, requiring only $20 up-front to invest, and easy to leave, with no penalty applied for exiting the program prematurely. Finally, the utility of the unique MCO token, paired with the fair fees applied only to winnings, offers investors ample opportunity to make care-free profits in the cryptocurrency markets.