The blockchain-based social investment platform CopyCash today announced that it is integrating Tradency’s auto trade-by-knowledge technology on its platform.
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Tradency is a decade-old financial technology firm which jumped into the cryptocurrency trading spectrum last year with its trading solutions, reacting to the demand in the new space. It provides mirror trading and robo-advisory platforms for five of the most popular digital coins – Bitcoin, Litecoin, Ethereum, Dash, and Ripple.
Mentioning the recent partnership, CopyCash CEO Dr. Bobby Lieu said: “We are confident that Tradency’s turnkey technology will enable us to realize our vision of offering users a truly genuine and transparent trading environment, and diversify their investment portfolios with different strategies.”
Leveraging blockchain technology, CopyCash is addressing the issue of fraud on social trading platforms. The platform verifies expert traders on the blockchain and even publishes trading signals publicly. Moreover, the platform is governed by a system of smart contracts, and supports their creation too.
“It is prudent to select collaborators who meet the stringent regulatory requirements and at the same time, incorporate risk management into its technology. As a renowned pioneer in social trading, copytrading and known for its high standard bank-grade service and for the robust and scalable nature of its technology, Tradency will be the key for the success of CopyCash’s Social Travesting platform,” added Mr. Lieu.
Tradency is on a road to expand its client base across the industry. In October of last year, it inked partnership deals with three brokerage firms in Asia – Blackwell Global, MTS Gold Group, and Man Loong Bullion – through its alliance with Asian forex/bullion trading solutions provider m-FINANCE.
Meanwhile, CopyCash is in the process of fundraising via token offerings, and the firm believes that this partnership with Tradency will give the sale a massive boost. The company statement noted: “This collaboration will enable CopyCash to instantaneously drive user adoption and increase the value of CopyCashCoin (“CCC”), a utility token used as a payment mechanism in the CopyCash ecosystem.”
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