Shrimpy is a cryptocurrency platform offering safe and quick trading to the global crypto community. It was founded by Michael McCarty and Matthew Wesley in 2018, with its base located in San Francisco. Shrimpy aims to automate currency trades and prepare trading strategies. The tool uses crypto portfolio rebalancing and index funds development to facilitate it. The platform quickly became popular due to its efficiency and unique features.
Currently, Shrimpy works with 16 cryptocurrency exchanges. The platform also supports numerous cryptocurrencies to prepare a custom index fund.
Shrimpys pride lies in its automated portfolio rebalancing. This is carried out by gradually buying and selling assets to maintain a desired or original risk/asset allocation level. The platform claimed to offer an easy trading experience for novice and experienced crypto investors.
Shrimpy also offers copy trading, where users can copy leading trades. This is a free service and is very helpful for new traders. Holders can access Shrimpy for free. However, professionals need to pay 13 dollars per month for an annual plan.
It facilitates collaborative investing through tools like index automation. The functionalities offered by the platform make up for the cost easily. That is why most skilled professionals place the device above every popular alternative.
Shrimpy’s rebalancing helps them maintain stability for long-term growth. Though this is a popular feature with brokers dealing with the NYSE, Shrimpy was the first to bring it to the cryptocurrency space.
Shrimpy offers functionality through an indexing tool. The tool helps users develop a custom crypto index with automated rebalancing and different parameters. Index weighting is crucial for its market performance. It can be done by using the tool and adding automatic weights through equal weights or market capitalization.
Shrimpy.io offers a free version of the platform to users. There is also a free account/demo account for users to assess the crypto trading bots. However, there are some paid memberships and fees that charge money. Buying the membership is not mandatory, but crypto traders cannot avoid the fees under some circumstances.
Shrimpy has decent security standards, employing 2FA and API encryption. Its official website is backed by HTTPS (SSL), offering secure proceedings for every user. Moreover, it only maintains the ability to make trades and read data so that no one can remove the funds from the platform.
Shrimpy is a fantastic tool that has features beneficial to newcomers and experienced traders. Despite being an unregulated platform, it has not faced any security breaches.
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