Coinmetro launches Swap widget: Buy entire portfolio in a single trade
“Now, when payday comes around, investors can increase the size of their portfolio evenly without needing to complete a transaction for every single one of its component parts.”
European crypto trading platform Coinmetro has launched its Swap widget, which enables investors to buy into their whole portfolio in one simple trade, without needing to buy each coin or token individually.
Dollar-Cost Averaging (DCA) has been an effective way of mitigating unpredictable market conditions, but it is also limited to recurring purchases on the same asset.
The firm offered an example: “if a customer wanted to invest a fixed monthly amount into a portfolio (e.g 40% into Bitcoin, 40% into Ethereum, and the rest spread between 20 different altcoins), they would have to purchase every single coin separately and calculate how much to invest into each one. This would require up to 22 separate trades to be done every single month.”
Coinmetro wants to change that with the Swap widget, developed in consultation with its valued community. The tool allows users to increase their portfolio size without affecting the asset mix, and do so in one single trade.
Buy and sell close to 50 cryptocurrencies with just a few clicks
Oliver Goble, Head of Product at Coinmetro said: “For many people, the world of cryptocurrencies can seem like an exclusive club, or fortress of complexity, and while neither of these things are strictly true, it’s easy to see why some people feel this way. At Coinmetro, we see this as a problem of design, a problem that can be solved, and 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 are going to love. Our community is always telling us that they are looking for shortcuts to do complex things quickly, and this is one of those things that traditionally has taken a lot of unnecessary time. Now, when payday comes around, investors can increase the size of their portfolio evenly without needing to complete a transaction for every single one of its component parts.”
The Swap widget allows Coinmetro clients to buy and sell close to 50 cryptocurrencies with just a few clicks, at a fixed rate and with no trading fee. New crypto investors and those who rather not use a spot exchange are said to benefit the most from the Swap widget.
Coinmetro has plans to develop further portfolio building and managing tools, which will be available to traders in the upcoming months.
