The Real Reason Why Trading Digital Assets is So. Damn. Hard.
When did you realize that crypto had changed from a casual interest to a serious responsibility?
For many, the entry to cryptocurrency was a low stakes progression over time. They read an article or had a conversation with a close friend that made them realize the potential of Digital Assets and blockchain technology. They soon register on an exchange, link their bank account and make their first modest purchase of well established cryptocurrency.
Easy!
For most, making that first investment was as easy as buying any other household item online. Shop for an item, create an account, link a payment, and make a purchase. But as time goes on, participation in the cryptocurrency ecosystem becomes a far more complex, disjointed, and inefficient process.
Where does it all go wrong?
While purchasing bitcoin online is now just as easy as buying a pair of shoes, maintaining a diversified portfolio of Digital Assets certainly is not. That same investor that bought that first digital asset from a well regarded exchange will soon want to buy another asset. The complexity of keeping these Digital Assets grows exponentially with each purchase, each new asset, each new market opportunity.
That same casual trader spots a quick growing cryptocurrency with a relevant use case and strong market traction. They are ready to invest! But, they find that their exchange does not offer this asset. Mildly annoyed, they download another exchange, go through another KYC / onboarding process and finally make the purchase. It took a while and the price is 3% higher than when they first were ready to buy. The trader dismisses this inefficient process as the ‘price to play’ in the space they had been told about but knows this is still not right.
After this scenario plays out week after week, asset after asset, trade after trade, the trader now has a whole folder full of exchanges. The scope of the issue becomes clear. Not all exchanges offer the same assets, at the same price, with the same fees. Not all exchanges offer the same order types that the trader desires. Not all exchanges provide the financial data traders need to make their investments. The trader thought understanding market signals was tough, but having all these exchanges and assets in different places is a whole different level of complexity!
Managing 13 different transactions of 8 different assets across 4 different exchanges is, simply put, a nightmare. The innocent hobby of understanding a new market and capturing new investment opportunities has turned into an unwieldy beast that takes an army to manage. The decentralized nature of Digital Assets require traders to allocate time and energy to maintaining these disconnected systems. The real reason why trading digital assets is so damn hard is that traders need dozens of platforms to manage their trades and portfolio. Digital Asset trading becomes frustrating because they know there must be a better way.
TradingBull recognizes the inefficiencies of trading Digital Assets, because we are Digital Asset traders. We are building the complete platform to execute trades and maintain a Digital Asset portfolio within a unified interface. We are creating order from the chaos and giving traders the control they need to make their investment decisions. TradingBull connects the disconnected , creates order from chaos, and makes trading Digital Assets the efficient process we all have always needed.
Grab the bull by the horns, take back control of your Digital Asset portfolio and come run with us as we revolutionize Digital Asset trading together.
Daniel Pinto - Market Analyst @ TradingBull.io
More info:
Website: TradingBull.io
Pitch Deck / Whitepaper / Tokenomics
BCOs in the past: DeFi Prime: “Bonding Curves Explained”
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