Automated Crypto Trading Bot Cryptohopper Celebrates Record Year of Growth
- Trading Systems
- 27.01.2022 11:45 am
Company expansion over the last 12 months includes:
● 110 per cent team increase
● New exchange integrations, including EXMO and Crypto.com
● AI feature launch
● 69 million+ trades in 2021 alone
● New iOS and Android app launches for trading on the go
Automated trading bot, Cryptohopper, has experienced a record growth year, which saw the company increase its team by 50 per cent, including the appointment of new CTO, Tim Noordhoek, and CFO, Eli van Goudoever, with an emphasis on continued recruitment planned for 2022.
Aside from senior level and developer appointments throughout 2021, which saw the team double to 75, Cryptohopper’s rapid growth in 2021 was the result of adding new features to its automated trading service. Over the last 12 months, Cryptohopper has launched both iOS and Android user interface apps for users to purchase signals, templates and strategies in the Cryptohopper Marketplace.
The company kicked off 2021 with a new AI feature that it implemented to assist efficient trading for users. The solution, an AI Strategy Designer that Cryptohopper refers to as an “Algorithm Intelligence” rather than Artificial Intelligence solution, back-tests all the algorithms users feed it simultaneously. By doing this, it switches automatically to the best ranking algorithm, which scans for buying opportunities. This means that Cryptohopper’s AI can scan to identify market movements, for both buying and selling opportunities.
Cryptohopper has also made a series of backend improvements to ensure the stability of its platform, has initiated a new ticker environment to update prices and established new exchange environments to ensure that all trading remains as seamless and efficient as possible, irrespective of the exchange used and the digital assets invested in.
In 2021, Cryptohopper’s community of users conducted over 69 million spot trades, thanks to the regular, continued addition and integration of new exchanges. Recently the company partnered with EXMO and Crypto.com, and Cryptohopper is in discussion with further exchanges, including two of the most requested, to add them to its exchange roster and strengthen its share of the crypto trading marketplace.
Chief executive and co-founder Ruud Feltkamp commented:
“We have had a fantastic year and are enjoying the success of growth that came about thanks to us working hard to differentiate Cryptohopper from competitors. But we’re not done with innovation and expansion just yet. This coming year we also have plans in place to continue growing with new staff and improving the service we provide to those who are interested in trading cryptocurrency automatically. Whether you are new to crypto trading or an expert we want to make trading faster, easier, more effective. And more fun.”
Plans for this coming year include the launch of a new bot type that will make automated trading even easier. Additionally, a new website design is underway, which Cryptohopper aims to launch in February. This will make it much easier for users to start trading on Crypohopper - something that the company has prioritized since launch.
Cryptohopper, which has over half a million accounts and is still growing, has been pioneering the automated trading bot market since launching in September 2017. It has developed its own AI to enhance trading margins and it was the first company to introduce copy trading, which has been replicated by many of its competitors.