Coinado to offer algorithmic arbitrage and account management services

FinTech | July 10, 2015 By:

On Tuesday, July 7, Coinado announced it will now offer algorithmic arbitrage and account management services to clients.

“Arbitrage is the simultaneous purchase and sale of an asset in two different markets, in order to profit from a difference in the price. Statistical arbitrage operates on markets where there are measurable mean-reverting relationships between the traded assets,” said Coinado.

The company added, “in Coinado we trade when there are dislocations in digital currency prices across venues, and we have high confidence they will revert to their statistical equilibrium.”

According to the firm Coinado will be providing algorithmic trade services to accounts on Bitfinex, Kraken, Bitstamp, and Btc-e. Additionally, more exchanges are planned to be supported in the future.

Coinado is a website and management service that allows users to apply automated strategies simultaneously to multiple digital exchange accounts.