The broken state of Crypto trading and how to fix itLet’s face it, Crypto exchanges are not made for professional trading. They are too slow, too uncomfortable, too unstable, have bad user experience and many tools missing. Slovenian trading company Tradershub.io is about to fix the way we trade Cryptocurrencies.
Let’s start with what is wrong today. There are 1.530 Cryptocurrencies that can be traded on dozens of exchanges. What if you want to hold IOTA, SALT, VOISE, BDG, and TNC? Five coins for which you need accounts on five trading platforms. Five usernames, separate 2FA-activation, five browser windows open. Imagine you have news some minutes earlier than the rest of the pack. You need to sell coins on one exchange to transfer ETH to another platform and buy your Token. Your advantage in time is gone.
Want to take advantage of different prices on various exchanges? Forget it in Cryptotrading at the beginning of 2018.
Then the user experience. A professional day or swing trader does hundreds of trades a day. She sits 10, 12, 14 hours in front of her screen. She hasn’t time to switch around many different platforms with different interfaces everywhere. But she has to make time. As well as for typing execution orders into small input fields. Not to mention that advanced order types like trailing stop-loss are not available widely.
Technical analysts use another tool for charting moving averages, Ichimoku, MACDs, RSIs, and Fibonacci. They can set watch alerts that tell them when to buy and sell. But they have to be at the keyboard then and maybe have to log in again…
Crypto trading today is a thing for programmers but not for traders. I and my colleagues at Tradershub have a combined experience in stock- and Forex-trading for over 60 years. We loved coming into the Crypto market. The projects are exhilarating and the technology will shape our future. Who wants pig-bellies when we can watch Lightning expand?
https://blog.tradershub.io/the-broken-state-of-crypto-trading-and-how-to-fix-it/
