CoinShares’ HAL Automated Trading Could Revolutionize Retail Crypto Investing

London-based digital asset manager CoinShares has introduced an algorithmic trading platform called HAL that could revolutionize retail crypto investing.  

In a press release, CoinShares revealed that HAL is the only product of its kind that allows retail crypto traders “easy access” to strategies designed or curated by professionals with proven experience in crypto trading. 

HAL, which stands for Heuristically programmed ALgorithmic computer, will allow crypto traders to use advanced trading strategies designed by the CoinShares’ quant team to effortlessly trade cryptocurrencies non-custodially on their existing centralized exchange accounts for a fee of 19.9 euros (around $19.8) per month. 

Strategies currently available include four quantitative investment styles, with thematic index strategies planned. HAL is currently available to connect to Binance, FTX, Kraken, and Bitfinex. 

The strategies can be used in trading Bitcoin (BTC), Ether (ETH), BNB, Polygon (MATIC), Ripple (XRP), Cardano (ADA), Solana (SOL), Bitcoin Cash (BCH), and Dogecoin (DOGE) on these exchanges.  

Jean-Marie Mognetti, CEO of CoinShares, said in an interview with Forbes that the robo-advisor platform has been designed to provide help for retail traders as opposed to current platforms with complex marketplace offerings targeting advanced traders with bots designed by non-professional traders. 

“It’s for every consumer who has an exchange account with an exchange in Europe who wants to be able to have a bit more risk-based approach to their trading environment,” Mognetti said

HAL is CoinShares’ first retail investor-facing product. However, the asset manager is confident its track record with institutional investors where it has weathered several bear markets will win the confidence of the retail market. 

“We have been able to navigate several bear markets with success. Ultimately people tend to trust people who stand by them in the long run, so CoinShares is one of these entities in the crypto ecosystem, which has been there for a very, very long time and we’ll continue to be there for a very, very long time,” Mognetti added. 

Automated trading could be the new trend in crypto 

HAL could be at the helm of a revolution to provide retail crypto traders with safe-to-use algorithmic trading services. Robo-advisors have been a commonplace thing in the stock market long before now, but are not so common in the crypto market. 

According to Charles Schwab, a financial services company with its own robo-advising product, robo-advisors will manage an estimated $460 billion worth of assets by the end of 2022. Should HAL deliver on its promises, it could replicate the success of stock robo-advisors in the crypto market.