Bitcoin, a type of cryptocurrency, uses peer-to-peer technology to operate with no central authority or banks. Bitcoin's recent rise and booming investor interest is forcing the regulatory and stock market authorities to formulate an official position on bitcoin and other virtual currencies. (Photo credit should read JUSTIN TALLIS/AFP/Getty Images)
A stock trading platform with algorithmic recommendations has just made it easier to manage cryptocurrency holdings alongside traditional financial securities.
New York-based Commandiv recently launched a Coinbase integration feature that allows investors to trade stocks, funds and cryptocurrencies on a single platform and through one account. Coinbase operates one of the largest Bitcoin exchanges in the United States.
“The idea is managing your wealth together in one central fashion, where you can buy and sell stocks, buy and sell crypto assets, while getting trade recommendations on all of them,” says Commandiv CEO and Co-Founder John Zettler, billing the combined crypto and stock trading platform as the first of its kind. “Commandiv is out to serve a new generation of wealth, one that sees the future in cryptocurrencies as much as in traditional brokerage,” the firm said in a Tuesday statement.
Attune to the cryptocurrency market’s instability of present, Commandiv’s portfolios are designed with volatility in mind. Users begin by filling out a questionnaire that assigns them a risk tolerance metric, dubbed a “grit score,” which is then used alongside the information provided to determine a recommended target portfolio for the client’s securities. Meanwhile on the crypto side, clients indicate desired percentage holdings for supported cryptocurrencies.
“Once you’ve made your target portfolio, we then constantly monitor your account’s investments and push the trades you need to move back into alignment with your target,” says Zettler, a former investment analyst for Morgan Stanley and New York hedge fund SeaStone Capital. “You’re the portfolio manager, and our software is the analyst and trader.”
Reflecting Coinbase’s own crypto offerings, SEC-registered Commandiv supports Bitcoin, Ethereum and Litecoin holdings. As of press time, Coinbase had not returned a Monday request for comment.
Commandiv’s Coinbase integration has been active since last month. But despite the platform’s current crypto direction, Zettler’s original intention wasn’t to create a cryptocurrency and stock trading platform. When Commandiv, which currently claims about $500,000 in assets under advisement, initially launch in June of last year, it was a securities-only product -- but that limitation left out a large pool of clients’ actively traded holdings.
">Bitcoin, a type of cryptocurrency, uses peer-to-peer technology to operate with no central authority or banks. Bitcoin's recent rise and booming investor interest is forcing the regulatory and stock market authorities to formulate an official position on bitcoin and other virtual currencies. (Photo credit should read JUSTIN TALLIS/AFP/Getty Images)
A stock trading platform with algorithmic recommendations has just made it easier to manage cryptocurrency holdings alongside traditional financial securities.
New York-based Commandiv recently launched a Coinbase integration feature that allows investors to trade stocks, funds and cryptocurrencies on a single platform and through one account. Coinbase operates one of the largest Bitcoin exchanges in the United States.
“The idea is managing your wealth together in one central fashion, where you can buy and sell stocks, buy and sell crypto assets, while getting trade recommendations on all of them,” says Commandiv CEO and Co-Founder John Zettler, billing the combined crypto and stock trading platform as the first of its kind. “Commandiv is out to serve a new generation of wealth, one that sees the future in cryptocurrencies as much as in traditional brokerage,” the firm said in a Tuesday statement.
Attune to the cryptocurrency market’s instability of present, Commandiv’s portfolios are designed with volatility in mind. Users begin by filling out a questionnaire that assigns them a risk tolerance metric, dubbed a “grit score,” which is then used alongside the information provided to determine a recommended target portfolio for the client’s securities. Meanwhile on the crypto side, clients indicate desired percentage holdings for supported cryptocurrencies.
“Once you’ve made your target portfolio, we then constantly monitor your account’s investments and push the trades you need to move back into alignment with your target,” says Zettler, a former investment analyst for Morgan Stanley and New York hedge fund SeaStone Capital. “You’re the portfolio manager, and our software is the analyst and trader.”
Reflecting Coinbase’s own crypto offerings, SEC-registered Commandiv supports Bitcoin, Ethereum and Litecoin holdings. As of press time, Coinbase had not returned a Monday request for comment.
Commandiv’s Coinbase integration has been active since last month. But despite the platform’s current crypto direction, Zettler’s original intention wasn’t to create a cryptocurrency and stock trading platform. When Commandiv, which currently claims about $500,000 in assets under advisement, initially launch in June of last year, it was a securities-only product -- but that limitation left out a large pool of clients’ actively traded holdings.
Read Again Broooh https://www.forbes.com/sites/jonathanponciano/2018/01/16/holding-crypto-assets-and-stocks-theres-now-a-platform-to-manage-both/Bagikan Berita Ini
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