BmyBit, AUTOMATED TRADING ACROSS MULTIPLE DIGITAL ASSET EXCHANGES
GB, August 1, 2017 at 21:51 BST
BmyBit LTD is a UK based company operating in the fields of FinTech and RegTech. It has developed a series of proprietary algorithms working 24/7 with digital asset exchanges, predictive analytics, and compliance.
The company just released a Personal Automated Trading System (PATS). PATS is a cloud-based web application with predictive analytics, interconnected to digital exchanges through APIs. The software is governed by a control panel, which embeds trading functionalities to enhance usability and performance; a dedicated Alarm and data analysis.
From the PATS control panel, users can start automated strategies for trading pairs of currencies and compare the best prices between different markets in order to produce profits by arbitrages. There is no deposit required when joining PATS and the customers’ funds are stored safely in the wallets of the exchanges available: Poloniex, GDAX, Bittrex, Kraken, and Yobit. The company plans to embed at least another 5 exchanges before the end of 2017.
Many new businesses connected with BmyBit’s APIs will hold client funds, therefore, the company has developed an AML (Anti Money Laundering) and KYC (Know Your Clients) software that uses OCR (Optical Character Reader) technology. The compliance screening will be connected to the BmyBit blockchain (January 2018) and all information will be embedded into dedicated streams.
BmyBit has is developing a Blockchain (due in September 2017) which will be used to release the BmyBit Token and to store data from customers. The Token is a type of currency used to pay fees on the BmyBit platform and to distribute dividends to investors. If users hold BmyBit Tokens, they hold a portion of the platform and, therefore, are entitled to their share of the platform’s profits.
BmyBit LTD was founded by Mario Stumpo. The team is composed of dedicated engineers, an Italian designer, and professionals sitting on the boards of international organisations, as well as lecturers from the world’s top UK business schools.
Currently, more than 200 users have registered on BmyBit, and 42 customers have registered for PATS with a success rate of 98.05% on their investments in Bitcoins. The average profits, calculated on a volume of 1 BTC per investment, is 39.25% and the team at BmyBit aims to increase this figure by releasing new algorithms for trading.
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