(Rejected)Eastern Europe’s Largest Cryptocurrency Exchange to Introduce Stop Orders and Second IEO To Help Investors Win Battle
Being a trader or an investor requires continuous improvement and learning. Such a notion is also crucial for the cryptocurrency markets. In the 21st century, automation of processes is a popular phenomenon around the world. It offers an immediate edge to the party implementing the innovative approach over other competitors.
Several crypto exchanges nowadays understand how the initial exchange offering (IEO) and trading bots such as stop orders are important in the cryptocurrency markets.
For example, EXMO – Eastern Europe’s largest cryptocurrency exchange appears to have become more aggressive in its efforts towards serving investors and traders effectively.
Today, developing stories show that EXMO has expressed its interest to launch stop orders on its platform and also begin the second round of IEO. Beginning 3rd October 2019, at 17:00 (UTC +3), there will be availability of tokens to purchase with 5% off for three days.
Sergey Zhdanov, EXMO CEO, said that the simultaneous launch of stop orders and the rollout plan of IEO are not a coincidence because the company simply follows its specified project roadmap.
He added that it was what their technical team has been concentrating on over the previous few months so that to assist users in successfully implementing their bravest trading strategies.
Stop Orders
As a trader or an investor in the cryptocurrency market, risk management is one of the most vital skills to build. I hope you’ve heard of cases whereby over 90% of traders and investors lose money. While this may be true, it’s vital to realise that this occurs majorly because most individuals trade with no risk management in mind.
Without essential knowledge about how to manage risk, there’s a good chance a trader or an investor will experience significant losses. This explains the reason, EXMO intends to introduce stop orders - a cryptocurrency trading bot – that will enable users to have the ability to hedge risks, and hence increase the trading process predictability.
But this can be explained in a simpler way. EXMO has come up with a kind of software program that will enable you to have better control over your cryptocurrency orders. This trading bot can help you to earn more profits from your sells and obtain better deals on your buys.
With stop orders, you can protect yourself from enormous price drops which might end up rendering cryptocurrency trades unprofitable. It’s a noble idea you can use if you want to protect your trades from huge price swings.
The Second Round of Crypto IEO
Now the reason why EXMO is developing the second round of its IEO is to open the full set of features of its crypto exchange so that to give its holders (users) complete benefits.
In this way, the cryptocurrency exchange wants to actively utilize native tokens for strengthening and promoting its market position.
After offering its own assets, the exchange will attract a seed capital, and therefore the ones already experienced will gain increased capitalization. On the other hand, traders and investors will obtain a good discount on fees or benefits of interest, which consequently represent an efficient approach for the cryptocurrency exchange to expand its customer base.