In news from Dubai, Trino Network has created the world’s first social trading platform to connect traders and investors with the aim for complete transparency through blockchain-verified track records. This will empower people to copy trades regardless of their home exchange or brokerage.

Unlike other trading platforms, Trino will use the blockchain to give investors information on trading performance and investment decision making.

What is Social Trading?

The concept of social trading is simple. It implies that traders publishing their performance need to demonstrate verified experience and expertise. But there’s a problem. If an investor wants to get an idea about a trader’s track record, they can go their social media which can easily be faked or through unverified postings on social trading sites, with no means to accurately confirm the legitness of a trade or the true trading performance in real time.

Misleading information about trading track records is a common problem in both crypto/fiat markets which costs investors millions. With the help of this platform, investors can keep a check on misleading traders through their track record.

Platform’s such as Trino Platform will revolutionize trading with verified, authenticated track records transcribed immutably on the blockchain. Moreover, they will aggregate pricing and volumes of crypto exchanges, allowing traders to save on costs while also addressing the problem of low liquidity inherent to crypto markets.

Trino CEO Robert Flohr says,

“Trino brings the vast but segmented world of crypto trading and investing together in a transparent, communal way. We’re bringing everyone together from the altcoin trading world and the traditional markets and using smart contracts to verify transactions and establish authenticated trading records. This way, new traders can build a reputation and grow their client base, and investors can be 100% confident with whom they’re trusting their money. And we do all of this with a clean, one-stop-shop UX design. We aim to be the Alibaba of crypto trading and investing.”

Blockmanity’s Take

We continue to cover innovations in the Blockchain industry and Trino solves a lot of the problems that traders have been facing. With the versatility and assured security of their platform, many traders will likely want to use the Trino platform with their tracking records which will likely amass a lot of applause.

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

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