A crypto exchange Crypto.com confirmed that hackers stole nearly $34 million during Monday's hack. In a Tuesday update, the exchange revealed that hackers stole 443.93 bitcoin ($18.7 million), 4835.25 ether ($15.2 million) and approximately $66,200 in USD. The company faced criticism over its communication after the incident. The company's CEO only confirmed the hack on Wednesday, three days after it took place. In total, the hack affected 483 users. However, Crypto.com said that they fully reimbursed all of them. The…
Shrimpy is a top-class automated crypto trading platform that makes advancements in DeFi and DEX trading come to reality. The platform combines portfolio management, social trading, trading automation, and features focused on long-term portfolio growth.
With this platform, users efficiently manage their crypto portfolio, automate long-term trading strategies, and access various trading tools. Furthermore, they may track the performance of their portfolio over time, copy other traders using the social trading function, and do backtests all from one intuitive app.
Shrimpy Embraces DeFi
Shrimpy has recently added the ability to trade DeFi assets using offline Web3 wallets. With the feature, users can track, monitor, and trade assets from a portfolio stored on DEX wallets, hardware wallets, and well-known third-party crypto wallets like MetaMask.
Users may now instantly link their preferred wallet and execute trades using Shrimpy’s trading terminal. In addition, they can send and receive assets to and from other wallets. Users may convert one asset to another in addition to acquiring cryptos.
The interface for linking offline wallets is simple to use and configure; it takes a few steps to use your assets on Shrimpy. After choosing a wallet provider, users may link the wallet and leverage Shrimpy’s services.
DEX Social Trading
In addition to automated portfolio management, Shrimpy provides copy trading services in the form of social trading. At Shrimpy’s social trading tab, users can view market leaders and discover profitable traders. The platform highlights the most profitable leaders of the month from which users can choose.
When choosing a leader, users should keep in mind that they might make terrible judgments at times. They may purchase the incorrect asset or delay selling, resulting in losses. Not all traders are profitable, and copy trading does not come without risks.
As soon as users configure their DEX wallets and select a leader, Shrimpy will instantly copy trade and execute trades. There is no need for any interaction, nor does the user have to manually create orders.
Automated Portfolio Rebalancing
When a leader alters their holdings, Shrimpy will automatically change the user’s portfolio. And in the case that a leader suffers significant losses, a portfolio stop loss feature allows the user to sell his assets at a predetermined failure.
The market leader may have made a profit percentage after the balancer changed the portfolio. Users receive the exact proportion because their portfolio structure is similar to the leader. If the result of the leader’s deal is a loss, users will suffer a comparable loss. However, they have some protection from the platform to help them halt the loss.
Exchanges Integrated with Shrimpy
Shrimpy has constantly been integrating exchanges with excellent services. Their goal is to provide investors with a wide selection of exchanges and reach all corners of the crypto industry. Among them are Kraken, Binance, KuCoin, Bittrex, Binance US, Poloniex, and Coinbase Pro. Also, the list includes Bittrex Global, Gemini, Huobi Global, HitBTC, OKEX, and Bitmart. Lastly, Bibox, Bitfinex, and Bitstamp were among the first exchange platforms to join the platform.
With the recent launch of a new futures trading feature, the platform decided to integrate new exchanges. As a result, Shrimpy included FTX, Crypto.com, and Bybit.
In the long term, the platform will incorporate additional user-friendly exchange platforms for the benefit of the users. Their ultimate objective is to provide complete ease of use to users of all skill levels.