Covesting is a blockchain project I have been following closely throughout 2018, and am eager to see come into its full promised potential.

The basic concept was developed around a popular service very frequently leveraged in traditional financial markets called ‘copy-trading’. A tool which is highly valuable to both professional and novice traders alike. The concept of Covesting has expanded far past copy-trading alone however, and is on course to becoming one of the worlds leading cryptocurrency exchanges.

Key members of the Covesting Team, CEO Dmitirij Pruglo and CCO Kurt Carlsson come from a background in traditional financial markets, both having worked for Saxo Bank, a Danish investment bank specializing in online trading and investment. Carlsson was in the company for almost 20 years, and as Executive Director. While Pruglo has over 12 years of experience dealing in various asset classes: FX, options, futures, equity, commodities, complex OTC structured products and bonds.

The benefit of this extensive experience, with the Covesting team having worked with such well established corporations, is the fundamental understanding that a transparent, compliant, and regulated governance is essential for a long term success and sustainability. Every part of Covesting has, and will be developed in accordance to the Gibraltar Financial and Services Commission (GFSC), in order to ensure the highest standard of client asset protection, IT systems, and risk management. In doing so, Covesting can effectively grow into a truly global and trusted organization.

Covesting is primed and positioned to release the finalized cryptocurrency exchange and copy-trading platform within the coming months. What this means for crypto traders, is a new and improved way to trade and manage digital assets. The mentioned regulatory compliance is simply the framework for the sophisticated platform to operate within.

The crypto platform boasts:

A modern, technologically advanced, intuitive trading terminal with access to the widest range of digital assets, 90+ and growing

Algorithmic Trading, arbitrage trading bots

The industry leading charting software with TradingView

Aggregated liquidity from multiple, main exchanges with instant execution

Daily news and trading ideas from cryptocurrency experts

Timely market capitilization data

Copy-trading

The COV Token — facilitates the platform, allows for rewards and discounted platform fees. Plus a tokenomics strategy to systematically increase its value over time.

The official platform is launching in stages over this September — October 2018, with the first stage to be announced any day now, being the ‘Release Candidate’ phase. Members are invited to try out the platform in this final testing stage, with a set amount ETH allocated to them by Covesting to participate in a Trading Competition with generous rewards (to help in report any potential bugs).

If after investigation, Covesting sounds like your kind of trading platform, I would encourage anyone to take advantage of the Rewards Program. By referring active traders you can earn up to 40% of their trading fees for life, and depending on how much your friends trade it can make for a nice side income.

With the cryptocurrency market about to take off again (probably to the largest scale yet), there are a few choice blockchain projects equipped and coordinated to support and provide the necessary environment in order to effectively manage its growth. I believe Covesting is one of them.

More info at Covesting.io

**Please note these are my personal thoughts and opinions and are not to be considered as financial or investment advice. I simply share information on projects I feel passionate about and that I consider to be valuable information for anyone also interested**