Matrixport expands the smart trading functions with the introduction of the grid trading service

Press release

Singapore – December 20, 2021 – Matrixport, Asia’s fastest growing financial services platform for digital assets, announced the launch of its automated grid investing bot service. In the first phase, the Grid Buying and Selling Service will support trading pairs between Tether (USDT) / USD Coin (USDC) and Bitcoin (BTC), Ether (ETH) and Bitcoin Money (BCH).

Matrixport‘s Grid Trading Bot allows users to reserve a series of buy and sell orders within a certain price range. When an asset fluctuates within this range, the grid trading program automatically uses those movements to buy low and sell high. If the asset price moves outside the specified price range, no trade will be executed.

Cynthia Wu, Matrixport’s Head of Sales and Business Development said, “Network Trading is a trading strategy that has proven itself in ever changing markets. Along with other investment vehicles, including car commit, our new automated grid trading offering reaffirms our commitment to improving our platform to continuously make it easier for our users to get more out of their cryptocurrencies. ”

Starting December 20th, users will be able to access the Grid Trading Bot through the Matrixport app. To illustrate, once users have selected a trading pair on the trading page, they can optimize their grid trading bot in a simple four step process:

• Set Trading Price Range: This is the upper and lower bounds of the asset price for the Grid Trading Bot to execute buy and sell orders. For example, if BTC / USDT is placed in a grid price range of $ 60,000 to $ 70,000 and the current price of Bitcoin is $ 50,000, the grid will temporarily stop opening positions. This is because the price is lower than the range selected. The order positions will resume when the price falls back within your specified range.
• Enter the number of grids you want: number of open positions at a given time.
• Set investment allocation amount
• Selecting the pending grid mode: The pending order grid is divided into two modes, geometric grid and arithmetic grid. Arithmetic grid means that the price difference between each grid is the same. Geometric mesh means that the gain is the same between each mesh.

To find out more, please refer to the product factsheet.

About Matrixport

Matrixport is one of Asia’s fastest-growing digital asset financial services platforms. With $10 billion in assets under management and custody, it provides one-stop crypto financial services with over $5 billion in average monthly trading volumes. The offerings include Cactus CustodyTM, spot OTC, fixed income, structured products and lending, as well as asset management.

Headquartered in Singapore, Matrixport’s mission is to make crypto easy for everyone and its motto is “Get More From Your Crypto.” The company holds licenses in Hong Kong and Switzerland with over 250 employees serving both institutions and retail customers across Asia and Europe. For more information, visit the website. 

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Media Contact (Wachsman)

Bee Shin, Senior Consultant

matrixport@wachsman.com