Coinmetro, a fast-growing European digital currency exchange, is introducing a revolutionary new feature to its Swap widget today.
The new tool will allow investors to purchase their entire portfolio in a single transaction, without the need to purchase each coin or token individually – becoming the first major crypto platform to offer this solution.
For years, crypto platforms have offered traders dollar cost averaging (DCA) as an effective way to mitigate unpredictable market conditions. However, this was mostly limited to recurring purchases on the same asset. If a client wanted to invest a fixed monthly amount in a wallet (for example, 40% in Bitcoin, 40% in Ethereum and the rest divided between 20 different altcoins), he would have to buy each coin separately and calculate the amount to invest. in each one. This would require up to 22 separate transactions to be completed each month.
Coinmetro’s new solution, developed in consultation with its valued community, eliminates multiple layers of complexity in one go. Users will be able to increase the size of their portfolio without affecting the asset mix, all in one operation, in three simple steps. Customers can simply log into their account, access the Swap widget, and choose to trade in “My Wallet” instead of investing in each cryptocurrency individually.
Oliver Goble, Chief Product Officer at Coinmetro, said: “To many people the world of cryptocurrencies may seem like an exclusive club or a fortress of complexity, and while neither of these things is strictly true, it It’s easy to see why some people feel that way. way. At Coinmetro, we see this as a design problem, a problem that can be solved, and we 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 will love. Our community always tells us that they’re looking for shortcuts to do complex things quickly, and this is one of those things. which has traditionally been unnecessarily time-consuming. Now, when payday rolls around, investors can increase the size of their portfolio evenly without having to make a trade for each of its components.”
Coinmetro’s Swap widget allows users to buy and sell almost 50 cryptocurrencies with just a few clicks, at a fixed rate and with no trading fees. The tool is primarily used by users who are fairly new to crypto or don’t want to go through the intricacies of using a spot exchange.
The company is also developing many other DCA products and simple portfolio creation and management tools, which will be available to traders in the coming months.
For more information, please visit Coinmetro.com.