DeVere Group, one of the largest independent financial advisory firms in the world, is launching a crypto asset management service. The deVere Digital Asset Funds service is a set of digital currency solutions aimed at large investors.
DeVere Group Founder and CEO Nigel Green made the following statement:
These solutions meet growing demand from clients seeking benefits from the digital currency sector, including portfolio diversification, returns and volatility control. The popularity of digital currencies is growing as investors become increasingly aware of their value and necessity in a modern world that is now undergoing massive digitalization and globalization. The crypto market continues to expand significantly and will soon see mass adoption.
The DeVere Digital Asset solution will allow you to invest in a diversified portfolio of digital assets through algorithmic trading across multiple platforms, cryptocurrency exchanges and over-the-counter markets, as well as take advantage of arbitrage services.
The algorithmic system tracks on which platform the price of one asset is higher than on another, and generates profits from the purchase and sale of assets from the difference prices on such platforms. These trades, called arbitrages, allow you to make profits with little or no market risk.
Some believe that investing in cryptocurrencies is too glamorous and difficult to make money from, while others insist that there is real and very significant investment potential in cryptocurrencies.
The cryptocurrency asset market is creating opportunities that have not been seen in conventional markets for decades. Arbitrage is successful because 400 different platforms offer different prices for the top 25 crypto assets. The ability to trade long and short positions allows you to make a profit regardless of the market direction.
According to verdict.co.uk
You May Also Like
Cryptocurrencies could outperform traditional asset classes in 2019
With stock markets and other asset markets experiencing bearish trends, some believe cryptocurrencies have a chance to be the top performing asset next year.
BitGo launches its own custodial service
Crypto asset custody solution provider BitGo has received a license giving it the status of a qualified custodial bank for storing cryptocurrency. It took the company a year to obtain official permission, and for another 30 days from the date of receipt of permission, BitGoTrust will not be able to begin storing digital assets.
