Cryptocurrency

Users of UltrAlpha Digital Asset Management Platform Get Long/Short Trading Strategy From Algoz

Users of the UltrAlpha digital asset management services woke up to great news on Thursday as algorithm-based trading platform Algoz announced that it would be offering a long/short trading strategy to UltrAlpha customers. As per the announcement, UltrAlpha users will get access to services statistical correlations and difference analysis between crypto pairs to identify market trends. It will help the users in laying down investment plans and create hedges against risk.

Tal Teperberg, Algoz’s CEO, stated that the collaboration is the first of its kind for the company, and added that the company had a focus on liquidity and brokerage solutions since its inception. He further said,

Our choice to collaborate with UltrAlpha is completely based on our synergy and match in vision. Like UltrAlpha, our background is strongly based on traditional financial markets. By combining Algoz’s strategy and UltrAlpha’s platform, current and future investors will be able to invest their funds more reliably and generate greater profits.

Algoz was created in 2016 as the digital asset trading services arm of the financial services conglomerate Fingemon. The firm provides a plethora of financial services to the crypto industry, like OTC Services, market making, brokerage, liquidity management, and financial strategy. Algoz has been striking big partnerships with crypto companies for the past few months, the popularity of them was the one with Cardano (ADA), for providing liquidity and trading management.

Commenting on the collaboration, UltrAlpha’s CEO, Han Liu said,

Unlike traditional finance, digital asset management is still a young and growing business, but the industry is clearly seeing a strong trend towards the adaptation. Algoz and UAT share the same vision in the future of this business, and I have faith in our abilities to deliver fruitful results from this partnership.

Though the crypto industry has grown leaps and bounds in the last decade, it remains significantly behind the traditional finance industries in terms of strategic services. It leaves a big void, which is essential to be filled if the industry has to grow beyond a certain level. Strategic planning and services will help the users to understand crypto, and trust decentralized currencies.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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