eToro's Partner CopyPortfolios Gets NaPoleonX To Utilize Thier Automated Trading Strategy

eToro Partner With NaPoleonX To Utilize Thier Automated Trading Strategy

On April 30th eToro announced that they are partnering with Napoleon Group for the launch of CopyPortfolio NapoleonX.

Essentially, Napoleon Group aims to become the Blackrock of the crypto sector offering solutions that will provide a steady return while limiting volatility. Key to the portfolio balancing prowess of many hedge funds, market-makers, and trading outfits, this functionality will allow fund managers to apply their proprietary algorithms to funds accessible by themselves and retail investors. Smart contract functionality contained within NapoleonX’s platform allows these funds to bridge the gaps that currently exist between asset classes, resulting in unique opportunities for cryptocurrency investors.

How Does The Partnership Work?

The way eToro works is that you have some traders that have been selected to advertise their strategies and some other traders might decide to copy them. The “copy” feature is embedded in its platform. Then depending on the number of people that are following you, you get some compensation. eToro has been proposing cryptos for some time now, but fees are expensive if you have a big turnover in our portfolio.

This is why they have decided to extract some strategies to have very few trades to minimize cost impact and still offer interesting returns. That is why they have proposed an allocation strategy on ETH, BTC, EOS, XRP, LTC, and USD based on similar strategies. This is a dedicated strategy for the eToro community and will not be displayed on our platform.

What Do People Have To Say

The CEO of Napoleon Group, Stephane Ifrah said:

“eToro is a major player in the community of online trading. Launching a dedicated solution on their platform is a big step forward for our community. Cryptocurrency markets are volatile, and this may be discouraging for some investors. That’s why we are delighted to share our solutions for individuals.”

Yoni Assia, the CEO of eToro added:

“I am delighted that asset managers like Napoleon Group want to work with eToro via our range of Partner CopyPortfolios.”

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Sritanshu Sinha
Sritanshu Sinha
Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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