CoinShares' HAL Automated Trading Could Revolutionize Retail Crypto Investing
London-based digital asset manager CoinShares has introduced an algorithmic trading platform called HAL that could revolutionize retail crypto investing.
In a press release, CoinShares revealed that HAL is the only product of its kind that allows retail crypto traders "easy access" to strategies designed or curated by professionals with proven experience in crypto trading.
HAL, which stands for Heuristically programmed ALgorithmic computer, will allow crypto traders to use advanced trading strategies designed by the CoinShares' quant team to effortlessly trade cryptocurrencies non-custodially on their existing centralized exchange accounts for a fee of 19.9 euros (around $19.8) per month.
Strategies currently available include four quantitative investment styles, with thematic index strategies planned. HAL is currently available to connect to Binance, FTX, Kraken, and Bitfinex.
The strategies can be used in trading Bitcoin (BTC), Ether (ETH), BNB, Polygon (MATIC), Ripple (XRP), Cardano (ADA), Solana (SOL), Bitcoin Cash (BCH), and Dogecoin (DOGE) on these exchanges.
Jean-Marie Mognetti, CEO of CoinShares, said in an interview with Forbes that the robo-advisor platform has been designed to provide help for retail traders as opposed to current platforms with complex marketplace offerings targeting advanced traders with bots designed by non-professional traders.
“It's for every consumer who has an exchange account with an exchange in Europe who wants to be able to have a bit more risk-based approach to their trading environment,” Mognetti said
HAL is CoinShares' first retail investor-facing product. However, the asset manager is confident its track record with institutional investors where it has weathered several bear
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