“In a new, still-evolving ecosystem, we are very proud to be at the cutting edge of providing professional-level products, with simple user experience, to traders – enabling them to do much more with their crypto than simply ‘hodl’. “
CoinShares has announced the launch of a crypto-assets trading strategies platform designed to simplify crypto trading by offering all exchange users access to trading algorithms designed by CoinShares’ quants.
The European digital asset investment firm specializes in Exchange Traded Products offering a low cost and regulated access to crypto. The launch of a crypto trading strategies platform broadens the scope of the firm’s offerings.
CoinShares expands scope from crypto ETPs to HAL platform
After having enabled exposure to digital assets to traditional finance players via its suite of crypto ETPs, CoinShares is now addressing the target audience of crypto traders.
With HAL, users can connect to their preferred trading platform and choose the trading strategies that better suit them. The trading algorithms are designed or curated by professionals with proven experience in crypto trading.
The HAL platform is also meant to be an alternative to the “complex marketplace offerings targeting advanced traders with bots designed by non-professional traders”, the firm stated.
CoinShares is setting the price at €19.90 per month as a non-binding offer and with no limit on selecting strategies.
The team plans to continue working on improving existing strategies and regularly develop new indices and strategies.
CoinShares launches HAL after acquiring Napoleon
CoinShares has acquired crypto-focused Napoleon Asset Management following regulatory approval from the Autorité des Marchés Financiers (AMF).
The transaction follows the acquisition of the Napoleon Group from last December and fits with CoinShares’ strategy of developing into a full-service digital asset investment and trading group, within a strong regulatory framework.
The Alternative Investment Fund Manager (“AIFM”) license is one of the most rigorous European regulations for Asset Managers and is a key component in CoinShares’ ambition to become the leading investment group in the digital asset sector. The acquisition of Napoleon Asset Management allows CoinShares to offer AIFM compliant products and services, in addition to its market leading position as an issuer of crypto Exchange Traded Products (ETPs).
Jean-Marie Mognetti, Chief Executive Officer of CoinShares, commented: “We are delighted to launch HAL under CoinShares. We acquired Napoleon, which created Napbots, because we could immediately see our common goals: to democratize access to, and educate investors about, trading crypto assets. In a new, still-evolving ecosystem, we are very proud to be at the cutting edge of providing professional-level products, with simple user experience, to traders – enabling them to do much more with their crypto than simply ‘hodl’.”
The HAL platform is available in Europe, excluding territories of the United States (and FATF listed countries: Democratic People’s Republic of Korea, Iran, Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands, Gibraltar, Haiti, Jamaica, Jordan, Mali, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Türkiye, Uganda, United Arab Emirates, Yemen).