LOS ANGELES, Dec. 23, 2020 (GLOBE NEWSWIRE) — (via InvestorWire) InvestorBrandNetwork (“IBN”), a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest CryptoCurrencyWire Audio Production as part of its sustained effort to provide specialized content distribution via widespread syndication channels.
CryptoCurrencyWire’s latest audio production features Andy Flury, founder and CEO of AlgoTrader.
Flury is a former Swiss Air Force pilot. He led projects at the Swiss intelligence Agency and various major banks. In 2010, Flury became partner and Head of Algorithmic Trading at Linard Capital AG, a Switzerland-based quantitative hedge fund. In 2014, Andy started AlgoTrader, a comprehensive algorithmic trading platform that enables buy side and sell side trading firms to rapidly develop, simulate, backtest and deploy automated quantitative trading strategies. Initially designed for global equities, futures, forex and options, AlgoTrader has fully supported automated trading of cryptocurrencies since 2017.
Flury began the podcast by identifying challenges for traders who use exchanges to trade cryptocurrencies.
“When you come from a traditional trading background, one of the big differences is that you have to deposit your assets at the crypto exchange before you can trade,” he said. “That’s not the case in the traditional trading space. There, you typically work with a broker. You have your assets with the broker, and you can trade many exchanges around the globe with one account. But in the crypto space you have to manage and move your assets between the exchanges you trade. For retail traders, it’s still a cumbersome process. It’s time-consuming to trade cryptos.”
Flury then told the audience what they should know about trading crypto derivatives.
“What you need to understand about trading crypto derivatives is that those are leveraged products, which means that you can actually lose your money much quicker than with any spot crypto trade,” he continued. “The other aspect I think is really important, is that if you open a crypto futures position on one exchange, your position is locked into that exchange. You cannot take it out, so there is a big counterparty risk. You’re trusting the exchange, because, as long as you have an open position, you’re bound to the exchange where you opened that position.”
Flury finished the podcast by discussing the role of traditional banks regarding digital assets, including cryptocurrencies.
“In Europe, digital assets have gained a lot of popularity among banks. In Switzerland, we have the first two pure crypto banks. Quite a few other banks have launched some type of crypto-related offering. I think this makes a lot of sense. Banks for hundreds of years have always provided safekeeping for clients’ assets. A lot of young people already own cryptos on some exchange or stored on a USB stick, and that’s not safe. There have been so many hacks of exchanges. I think it’s natural for banks to offer safekeeping of those assets for people who already own them.”
Watch InvestorBrandNetwork’s Jonathan Keim and AlgoTrader founder and CEO Andy Flury as they discuss alternatives to using crypto trading exchanges, the difficulties in accessing relevant information about less popular crypto tokens and the growing interest in cryptos from large banks, hedge funds and other traditional financial institutions.
To hear the entire episode please visit: https://www.CryptoCurrencyWire.com/CryptoNewsAudio
The latest audio production from CryptoCurrencyWire continues to reinforce InvestorBrandNetwork’s commitment to the expansion of its robust network of brands, client partners, followers and the growing IBN Podcast Series. For more than 15 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies.
To learn more about IBN’s achievements and milestones via a visual timeline, visit: https://IBN.fm/TimeLine
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
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For more information, please visit https://www.CryptoCurrencyWire.com
The InvestorBrandNetwork (“IBN”) consists of financial brands introduced to the investment public over the course of 15+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.
Through NetworkNewsWire (“NNW”) and its affiliate brands, IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) a total news coverage solution.
For more information on IBN, visit https://www.InvestorBrandNetwork.com
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