Cryptocurrencies

Napoleon Group issues crypto investment strategy on eToro

30th April 2019 – eToro, the global multi-asset investment platform, has announced the launch of the NapoleonX CopyPortfolio. This strategy is managed by Napoleon Group, the first company in France to become a regulated crypto asset manager after being completely funded by an initial coin offering (ICO) in 2018.

Via the NapoleonX project, Napoleon Group aims to become the new Blackrock for the crypto world, offering solutions that will provide a regular yield while reducing volatility. This new CopyPortfolio will enable retail clients to take advantage of the French-regulated asset manager’s bot-based solution.

Yoni Assia, CEO and Co-founder of eToro, comments: “I am delighted that asset managers like Napoleon Group want to work with eToro via our range of Partner CopyPortfolios. Our Partner CopyPortfolios are about making it as easy as possible for investors to tap into the strategies of professional asset managers and traders.”

The Napoleon-X value proposition is underpinned by long-standing, high-performance algorithmic strategies, known as bots, running on a variety of highly liquid assets, including Bitcoin, Ethereum, EOS, Litecoin and Ripple. These trading bots have been designed over the last ten years and run on both fiat and crypto assets.

Stephane Ifrah, CEO of Napoleon Group, says: “eToro is a major actor amongst the online trading community. Launching a dedicated solution on their platform is a great addition for our community. Crypto markets are volatile and this might be off-putting for some investors, that’s why we are eager to share our solutions with more people. Our strategy, historically, has enabled people to participate in the crypto bull run while limiting the downside in more turbulent markets.”

eToro Partner CopyPortfolios are assets grouped together by eToro’s partners who conduct market analysis for the creation of investment vehicles around a specific strategy.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

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