Coinmetro, a fast-growing European digital currency exchange is today introducing a groundbreaking new feature to its Swap widget.
The new tool will enable investors to buy into their whole portfolio in one simple trade, without needing to buy each coin or token individually – becoming the first of the big crypto platforms to offer this solution.
For years, crypto platforms have offered Dollar-Cost Averaging (DCA) to traders as an effective way of mitigating unpredictable market conditions. However, this has mostly been limited to recurring purchases on the same asset. If a customer wanted to invest a fixed monthly amount into a portfolio (e.g 40% into Bitcoin, 40% into Ethereum, and the rest spread between 20 different altcoins), they would have to purchase every single coin separately and calculate how much to invest into each one. This would require up to 22 separate trades to be done every single month.
Coinmetro’s new solution, developed in consultation with its valued community, is peeling away several layers of complexity in one go. Users will be able to increase their portfolio size without affecting the asset mix, and do so in one single trade, with three simple steps. Customers can simply log on to their account, go to Swap widget and choose to swap into "My Portfolio" instead of investing in each cryptocurrency individually.
Oliver Goble, Head of Product at Coinmetro said: “For many people, the world of cryptocurrencies can seem like an exclusive club, or fortress of complexity, and while neither of these things are strictly true, it’s easy to see why some people feel this way. At Coinmetro, we see this as a problem of design, 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 those things that traditionally has taken a lot of unnecessary time. Now, when payday comes around, investors can increase the size of their portfolio evenly without needing to complete a transaction for every single one of its component parts.”
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 fee. The tool is mostly used by those users who are quite new to crypto or don't want to go through the intricacies of using a spot exchange.
The company is also developing many more DCA products and simple portfolio building and managing tools, which will be available to traders in the upcoming months .
For more information, please visit Coinmetro.com.