Xtrade And Gimmer Form Trading Partnership

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Xtrade.io’s vision is to bring Wall Street Trading to the emerging Cryptocurrency markets. Before Christmas CCN interviewed Alexander Kravets on his new idea. An experienced trader with more than 16 years in the business, Kravets understood that for cryptotrading to be successful, it had to somehow mirror traditional trading.

Today Kravets announces a new partnerhship with Gimmer, an existing decentralised automated cryptocurrency trading platform. XTRADE.IO will be bringing their expertise to further develop Gimmer’s back end systems. This will include building a unified FIX API to allow Gimmer users to execute strategies across multiple exchanges automatically as well as aggregated liquidity.

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Kravets says, ‘Gimmer is a pioneer in the retail algorithmic crypto market space and an ideal partner for leveraging XTRADE’s institutional grade infrastructure, single-portal API, and multi-market connectivity for market data and execution.

By partnering with XTRADE.IO, Gimmer and their clients can expect higher fill rates, deeper liquidity across exchanges, greater opportunities for arbitrage, longer uptimes, and reduced latencies for multi-asset crypto execution’,’ he says.

Using AI, Gimmer’s trading bots can execute deals quickly at the best possible price. Gimmer already has a working beta version and a crypto trading bot app that has been downloaded over 10,000 times.

The trading bots take the emotion out of investing and make cryptocurrency mainstream. In addition, Gimmer can recommend, based on the user’s risk profile, the best and most profitable trading bot strategy. In addition, successful traders can make additional revenue by renting their strategies to other customers through the Gimmer bot store.

The Gimmer platform works by securely connecting to a customer’s cryptocurrency exchange account and then uses advanced algorithmic trading bots to make the trades on behalf of the customer at parameters that the customer has preset. This makes Gimmer suitable for anyone who wants to trade and invest in the cryptocurrency market but does not have the relevant trading skills or the time to watch the markets all day long. It means that Gimmer users can buy and sell and earn profits while they sleep.

Gimmer allows its users to configure a trading bot to include any number of indicators, safeties and currencies, then back test it to see how the strategy would have performed over previous trading periods, which is worked out using historical data. When ready, users charge their bot with Gimmer tokens and it then connect directly and securely with the preferred exchange, sending the buy and sell commands automatically. By using AI and pre-planned strategies, the trader can take the emotion out of their investment decisions, meaning Gimmer is going to be a gateway into the crypto market for a whole new sector of investors.

The addition of the XTRADE.IO technology will enhance Gimmer’s offering, which gives novice and experienced traders the best and most intuitive decentralised trading platform in the crypto sector.

Gimmer yesterday launched its token presale and a public token sale will be held next month from February 1 until February 28, 2018. There is a soft cap of 4800 ETH and hard cap of 35000 ETH.

Philipe Comini, Co-founder and CEO of Gimmer says, ‘We have an excellent core team and array of advisers and partners that will enable us to hit all our roadmap targets and deliver the very best product. Currently, only a few platforms offer automated trading, but they also require expert programming skills and knowledge of the cryptocurrency market. Gimmer’s decentralised platform will make it easy for the mass market to become involved in automated crypto trading for the first time.’

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