Shrimpy

shrimpy

As cryptocurrency and digital asset markets continue to expand and mature, there is an increasing demand for a robust infrastructure solution to connect the fragmented liquidity markets spread across different exchanges. The crypto space has seen an influx of innovative cryptocurrency tracking and management products popping up across the industry. However, there still exists the challenge of integrating fully-featured trading capabilities into these applications. Although solutions currently exist in the market such a , these primarily exist as a software-only solution. Open source projects such as CCXT can be a great solution for developers looking to build applications for personal use but fall short when being scaled for business and enterprise use. CCXT The current state of crypto trading APIs When it comes to creating actual trading applications, developers are still responsible for managing the back-end infrastructure required to run their applications. Updates to code repositories require redeployment, which involves inevitable downtime. Integrating every exchange on an individual basis is impractical. Each exchange has its own quirks, unique endpoints, and arbitrary update cycles. This becomes a nightmare situation for most application developers who are already on a tight development schedule. Shrimpy Universal Crypto Exchange API Imagine a world where you had every exchange at the tips of your fingers. A simple world where integrating one API meant you integrated every exchange. is meant to solve these problems by taking care of exchange integration so that a single set of APIs can be used across any number of exchanges. No more code changes, no more redeployment, no more additional exchange integrations, and certainly no more server scaling! Shrimpy’s Developer API Shrimpy’s Universal Crypto Exchange Interface takes away the painstaking process of integrating with each exchange, allowing developers to focus on building out their actual trading product. By providing an underlying trading and exchange infrastructure to accelerate development within the space, Shrimpy hopes to address the commonly encountered issue of maintaining infrastructure to support each and every exchange. Shrimpy’s Universal Crypto Exchange API was created to address critical developer challenges in the crypto space: Shrimpy’s Universal Crypto Exchange API Low-Latency Order Execution & Automated Trading User Authorization and Management Business & Product Scaling Real-time Data & Analytics Low-Latency Order Execution & Automated Trading Intelligent Trade Routing & Order Execution While many trading libraries provide a degree of convenience, developers are still required to implement a trading strategy. This includes complex trading logic, data collection, and error handling. Shrimpy understands how much work it is to execute effective strategies. We soften the burden placed on developers by providing options for smart order routing, automated trade execution, and portfolio allocation. These options come with Shrimpy APIs right out of the box. While intelligent order routing might be convenient for some, we understand other developers will want full control over their order execution. Shrimpy supports low latency immediate or cancel (IOC) and open order placement. These endpoints are ideal for real-time, algorithmic, and high-frequency trading. Portfolio Rebalancing & Management Shrimpy’s Universal Crypto Trading API allows developers to directly implement Shrimpy’s easy-to-use indexing and rebalancing features into their own application. In a few seconds, developers can allocate a portfolio and automate a rebalancing strategy for each user. The months of work we spent perfecting strategies is accessible to every developer who manages their users through Shrimpy’s APIs. User Authorization & Management Serverless User Authorization Shrimpy’s Universal Crypto Trading API provides a solution for developers to manage all of their users, essentially acting as a complete user management solution. Instead of bogging down your servers with user requests, each user can directly communicate with Shrimpy to access their accounts, execute trades, and collect data. This frees up development resources and allows your team to focus on your core product offerings. User Account & API key Security Every API key is securely encrypted and stored using FIPS 140–2 validated hardware security modules (HSMs) to protect the confidentiality and integrity of your users’ exchange API keys. Developers no longer need to maintain their own complex security architecture for managing user API keys. Shrimpy facilitates API key management by leveraging our robust security infrastructure. Business & Product Scaling Shrimpy understands that the aforementioned issue is a huge challenge for independent developers to build scalable crypto trading and management products. Shrimpy’s Universal Crypto Exchange API is intended to address this exact developer dilemma by providing a simple and unified API solution. Cloud-based Infrastructure Although a plethora of crypto trading libraries exists in the space, these open source trading libraries do not provide the infrastructure that is required to deploy a functional application which scales. For businesses to support a fully-featured tracking and trading application, a disproportionate number of servers are required to support a relatively small number of users. The high barriers of entry make it extremely difficult to accommodate a large active community. Exchange Maintenance Beyond the back-end system architecture required to create a low latency trading application, developers who try to integrate exchanges manually are also faced with maintaining each exchange through sporadic updates. As the number of exchanges increases, so does the difficulty with maintaining these exchanges. Using the Shrimpy APIs doesn’t require this level of maintenance. The Shrimpy team will handle every exchange integration and any updates that require immediate attention. Endpoint Management Every exchange supports a unique set of endpoints. There are no standards to which endpoints exchanges implement, and there are no standards to which endpoints they will continue to support in the future. The Shrimpy APIs simplify this problem by offering a common set of endpoints across every exchange. Even when an exchange doesn’t support an endpoint we offer, our team will construct an endpoint which will functionally behave the same. This way, developers never need to worry about developing new trading logic every time they integrate a new exchange. It will always be uniform. Real-time Data & Analytics Real-time Orderbook & Market Data Many cryptocurrency trading services leverage generic market data aggregated from sources such as CoinMarketCap. While this provides a basic level of functionality to most traders, complete order book details are required for an in-depth view on advanced market insights such as arbitrage opportunities. Shrimpy’s Universal Crypto Trading API pulls complete order book and live market data for timely decision making. Backtesting Shrimpy’s Universal Crypto Trading API also includes a unique backtesting feature that lets users analyze various time-based rebalancing strategies. Most crypto backtesting tools tend to pull data from aggregated sources such as CoinMarketCap due to its convenience of integration. However, aggregated exchange data is not recommended for detailed and precise backtesting purposes, as complete order book details are omitted for aggregation purposes. Shrimpy’s API includes a built-in backtesting tool which analyzes precise exchange data. Unlike most cryptocurrency backtests which analyze inaccurate OHLCV data, Shrimpy’s backtests include full price and order book data collected from exchanges on an individual basis, ensuring only the most accurate and precise results are obtained. Shrimpy’s API takes care of User Management and Exchange Interaction Pricing Shrimpy understands that one of the biggest hassles that developers face is the cost of running their cloud-computing solution on which their applications run on. Existing cloud solutions charge based on computing power, which can serve as a huge pain point for small scale and independent developers looking to develop a low-cost crypto trading application that relies on real-time data and arbitrage opportunities. Shrimpy’s API solves the most commonly encountered developer hurdles by providing an affordable hosted solution at the price of only ! Developers will be charged based on the number of users that trade using Shrimpy’s API. $0.99/month/user Shrimpy for Developers Shrimpy’s mission is to facilitate developer activity and build a platform which connects global exchange and liquidity markets together. Shrimpy’s Universal Exchange API was created as a hosted solution to address major developer roadblocks in , , and With Shrimpy’s API in hand, developers are empowered to create new and innovative services that will shape the future of the crypto space. Feature Development Product Scalability User Management. Get started here: https://developers.shrimpy.io About Shrimpy is a crypto management tool that lets anyone manage their own cryptocurrency assets like an index portfolio or mutual fund. Users are able to configure a custom cryptocurrency portfolio and implement a passive management strategy, removing the hassle of having to actively trade crypto. Shrimpy.io In addition to free crypto trading & portfolio management, Shrimpy also offers a monthly subscription service that includes the following: : Follow, communicate, and share strategies with other Shrimpy traders Social : Learn how other Shrimpy users are constructing and managing their crypto portfolio. Insights : An robust backtesting tool for evaluating custom cryptocurrency portfolio & strategies. Advanced Backtesting Free Sign Up: https://www.shrimpy.io/signup Telegram Twitter Facebook Originally published at blog.shrimpy.io .

Develop Trading Applications with Shrimpy’s Crypto Exchange API

2018 has come to a close. After 12 months of a cold crypto winter, some of us in the north are reminded of this fact every time we leave our homes. Our faces hurt, just like how it hurts whenever we look at our portfolio. Thankfully, not all things in 2018 were bad. Shrimpy was launched as a desktop application on January 20th, 2018! That’s right folks, a desktop application. One which was downloaded to your personal computer and ran 24/7 if you wanted to constantly rebalance. What is this, the backdrop to a sushi restaurant? Nope, just the first version of the Shrimpy application. Powered by the minds of two engineers, our initial release would haunt the dreams of any sane UI/UX designer. Subscribing to the iterative process, we took less than a month to release this first version of Shrimpy. It was a desktop application that people would download to their computers. What this meant was users needed to leave the application running 24/7 if they wanted continuous data and rebalancing. We quickly realized this model was a mistake! Nobody wanted to download an application. I mean . If we asked all of our users to join a basketball league, we wouldn’t have enough players to make a full team. People were scared of downloading crypto applications from the internet. Even Microsoft would repeatedly ask people trying to download Shrimpy if they were sure they weren’t downloading a virus. Which certainly didn’t strike confidence into anyone trying to use the application. nobody After realizing our huge mistake, we spent the next two months rewriting the application to function as a website. On March 25th, 2018, Shrimpy was re-released as a website application. This is when we knew we hit the spot. Shrimpy started taking off quickly. Ok, I’ll admit this design wasn’t great. Sure, 10x better than the last interface, but still not the best. Nobody in crypto wants to open an app that makes them feel like they are splashing around in a blood bath. After all, it’s the crypto space and everyone was dealing with enough red this year. We had enough! It was time to hire a designer. We couldn’t keep going down this path. Someone needed to save us from ourselves. With an axe in hand, Sumaya joined the Shrimpy team and started chopping up the design. Putting it back together as a fine Mahogany desk, sanded to perfection. The design started coming together. With the feature development, redesigns, and quick iterations, we were able to turn Shrimpy into an application everyone loved using. It felt magical. Shrimpy began evolving into something that everyone could feel proud to share with their friends. It turned into something that changed the way we all participated in the cryptocurrency community. The Shrimpy team has their work cut out for them in the next year. The feature roadmap is endless, the growth plan is aggressive, and partnerships are in development. Each of these areas will facilitate our global adoption strategy into the next bull market. I said global adoption. Our goal is to target every institution, crypto user, and business. Shrimpy will become the universal layer on top of exchanges which facilitates the emergence of new platforms. Our trading engine will be released to the public so everyone in the industry can start building products on our innovative solutions. No more hassling with each exchange, trying to figure out each of their unique quirks and how you can deal with them. We will do it for you. Accelerating the adoption of trading applications will improve the liquidity and stability of the market. Anyone and everyone can get into crypto quicker and manage their assets through our unified trade automation layer. A layer that will generalize exchange access and integration. Stop struggling, start using Shrimpy to accelerate your development. Originally published at blog.shrimpy.io on January 8, 2019.

A Shrimpy Year in Review

3 months ago, Shrimpy released a private beta for institutions. During this time, we acquired a great deal of feedback and understanding from institutions regarding the biggest challenges they face when looking to invest in cryptocurrencies and blockchain projects. One of our biggest takeaways from our conversations with institutional investors was the growing market demand for dedicated investment management tools. Currently, most digital assets are managed through individual exchange accounts, which can be extremely time-consuming when managing and executing a portfolio strategy. Exchanges have a core business model of collecting fees from users trading on their platform. They have incentive to promote user activity activity, as exchange volume and liquidity directly correlates to their bottom line. Shrimpy, on the other hand, is focused on creating a complete investment management platform for cryptocurrency investors. Users can manage their cryptocurrencies and execute their investment strategy directly through our unified dashboard. Today we are announcing the public release of our Institutional Platform! _The easiest and most trusted way to manage your digital assets._institutional.shrimpy.io Shrimpy - Cryptocurrency Portfolio Management Shrimpy’s Institutional Platform is the complete cryptocurrency investment management platform for investors. Here are some of our best tools and features available for our users: Portfolio Tracker Unified dashboard tracks entire digital asset portfolio performance. Backtest Tool Backtest up to 5 years of historical data across multiple exchanges. Automated Rebalancing Portfolios can be automatically rebalanced periodically. Dynamic Indexing Custom asset allocations for capital investment. Volatility protection Spread & Slippage safeguards during volatile markets. Multi-Exchange Support Supports Exchange API integration with major exchanges. Cold Wallet Support Enter cold storage assets for a complete portfolio view. Security & Encryption User accounts are secured using hardware security modules (HSMs) and 2-Factor Authentication Institutions are currently starved of having a set of dedicated analytical tools and services for cryptocurrency investment. Unlike exchanges or token projects that tend to have a motive or agenda for their community of users, Shrimpy is solely focused on creating a complete investment management platform for institutional investors. Whether you are an institution with a single fund or plan on managing thousands of diverse clients, we are building the product for you. Don’t hesitate to reach out to us if you have specific requirements that you would like to see in future versions of the Shrimpy Institutional platform. Our team is listening and ready to integrate the features you have been waiting to see. The Shrimpy Team Originally published at blog.shrimpy.io on November 10, 2018.

Shrimpy-Institutional Platform Release

Shrimpy is becoming the default portfolio management application for the crypto space. Allocating a diverse portfolio across multiple exchanges has never been so easy. Continuing our vision requires more features that target additional aspects of portfolio management. Today, we are introducing the . This free indexing feature will provide the most powerful way to index the cryptocurrency market. The index will automatically buy and sell assets on your favorite exchanges in order to construct the index of your choice. Shrimpy Index Tool Why Use Shrimpy To Index? In Shrimpy, we don’t restrict you to a few select indexes. You get infinite options to configure the index that works for you. Select any number of assets for your index. Allocate based on market cap or an even distribution. Set a maximum percent allocation per asset. Fix a minimum percent allocation per asset. Exclude assets your index should ignore. Pick a rebalance period that works for your strategy. In order to better understand how each of these configurations work, let’s walk through a few examples of indexes that can be built in the Shrimpy application. First, we should look at the most traditional style of index fund. An index which allocates the top ten cryptocurrencies weighted by market cap. This is an index of the top ten cryptocurrencies, weighted by market cap. USDT was excluded because it is tethered to a fiat currency. Looking at this index, it is clear that the overall performance of this fund will heavily rely on the performance of Bitcoin. As a result, you may decide that you want to reduce the reliance on Bitcoin by putting a cap on the percent allocation allowed for any one asset. For the sake of this example, let’s say we want a maximum percent allocation of 20%. Shrimpy allows you to easily solve this problem by entering a minimum and maximum percent allocations. This will prevent any asset from maintaining a target allocation greater than the maximum percent allocation and from achieving a target allocation less than the minimum percent allocation. The max and min percentages that you chose are completely up to you. In addition to setting a minimum and maximum percentage, let’s pretend you read our article on diversity, and this led you to wanting a more diverse portfolio. _That’s one small step for your portfolio, one giant leap for your returns._hackernoon.com Crypto Users who Diversify Perform Better [New Research] Once again, you can do this with Shrimpy. All you need to do is input the number of assets you would like to hold in your index. If you wanted 26 assets, simply input 26. The result so far is an index which has 26 assets that are weighted by market cap and has a maximum allocation percent of 20%. This index would look something like the following: This is an index of the top 26 cryptocurrencies, weighted by market cap. The maximum allocation for any asset is capped at 20%. We can quickly see this is becoming a powerful tool for numerous use cases. After allocating such a beautiful portfolio of 26 assets, let’s say you changed your mind. You decided you only want to index the top 6 cryptocurrencies. Additionally, maybe you read our article about optimizing asset distribution and determined that an evenly allocated portfolio would be a better strategy. _In our previous studies, all of the backtests were run with an even distribution of assets. This means if a portfolio…_hackernoon.com Optimizing Asset Distribution For Cryptocurrency Rebalancing Shrimpy allows you to instantly change your strategy and implement this new index within seconds. It’s the easiest thing you will do in the crypto space. Let’s take a look at what the resulting allocations would be in Shrimpy. Top 6 assets weighted evenly. Now that your portfolio has been allocated, you may be wondering how much maintenance is required. Well, none. Shrimpy automatically adds and removes the assets from your allocations as they come in and out of the rank you designated. If you selected to hold the top 5 assets by market cap, then you will always have the top 5, even when the market moves and the rankings change. Rebalance period Everyone knows us for our rebalancing, so you might be asking yourself “Ok, but does it rebalance”. Don’t be silly! Of course it rebalances. Select any rebalance period. Anywhere from every 1 hour to every million years. You have the freedom to select your rebalance period. You can also rebalance instantly at any time by clicking the “Rebalance Now” button on the dashboard. If you aren’t familiar with rebalancing, you can learn more here: _Portfolio rebalancing is a strategy that has been used by investors for decades. First, an investor must determine how…_hackernoon.com Portfolio Rebalancing for Cryptocurrency Get Started Today There is no application in the market that compares to Shrimpy. Gain the flexibility and freedom of a premium application for the price of nothing. While other applications charge an arm and a leg, we make the world your playground and don’t charge you a dime. Enjoy everything Shrimpy has to offer by . signing up today The Future of Indexing Shrimpy is pioneering the way for crypto indexing. Without buying an index fund, you can get exposure to the most powerful indexes by maintaining the underlying assets on Shrimpy and indexing through the Shrimpy Index Tool. We aren’t done with indexing though. There are more features and capabilities that will be coming to our users on the Shrimpy application. As we explore indexing options, we will continue rolling out new ways to manage your portfolio. Shrimpy for Institutions If you are an institution who is manually indexing the market. It’s time to automate your process. Sign up for a free trial of the Shrimpy Institution platform and get the most powerful tools to manage your crypto fund. _For years we’ve been hearing how this year will be the year institutional investors start buying cryptocurrencies. If…_hackernoon.com Institutional Investors Are Now Using Shrimpy to Rebalance Their Crypto Funds Disclaimer: Assets and strategies mentioned throughout this article are for example purposes only. It is not intended to be investment advice. Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord The Shrimpy Team

Index the Crypto Market With Shrimpy [Feature Release]

A few months ago we released our social features. Since its release, we have given out hundreds of dollars to our leaders on the platform. Yet, the Shrimpy team is not satisfied. We want to give out more money to our social leaders. They have been working hard conducting research and perfecting their portfolios, so we want to reward them for this effort. We will give out $200 every week to our top leaders. On every Sunday at 9:00 PM PST throughout the month of October, the highest performing leaders will win a cash prize. First place: $100 Second place: $65 Third place: $35 In addition to the competition, on October 7th at 9:00PM , we will be giving $5 to every leader on Shrimpy. So make sure you sign up and start getting involved. ONLY It’s free to become a leader and start earning! Disclaimer: There is a limit of one entry per user. This means you cannot win on both Bittrex and Binance in the same week, for example. By participating in the Contest, participants agree to be bound by the decisions of Shrimpy personnel. Persons who violate any rule, gain unfair advantage in participating in the Contest, or obtain winner status using fraudulent means will be disqualified. All decisions will be made by the Company and are final. Payments will be paid out through the Shrimpy application using PayPal. Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord Leave a comment to let us know your experiences with rebalancing! The Shrimpy Team

The Shrimpy Showdown [Contest Details]

When you think of redemption stories, Poloniex may not be the first thing that comes to mind… … Unless you use Shrimpy. Early adopters remember a time when Poloniex was a supported exchange. It was the first exchange we released along with the first version of Shrimpy. Everything went great, for a while. Over the course of several months, issues started surfacing with the Poloniex APIs. Trades were failing, their servers wouldn’t respond for long periods of time, and data was getting lost. Shrimpy We had no choice but to discontinue our support. Then, a miracle. Circle purchased Poloniex. We started noticing updates to their APIs once again. At one point, we even got an answer to one of our support tickets! We thought it was a mirage at first, but it turned out to simply be our own disbelief. Poloniex was making progress. These attempts to move the exchange forward gave us hope that one day we would be able to once again rebalance on Poloniex. Today is that day. Shrimpy is giving Poloniex a second chance. The APIs have been re-enabled and Shrimpy users can once again begin managing their portfolios on Poloniex. Join us as we revisit this old friend. Try rebalancing and let us know your experience with Poloniex! Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord Leave a comment to let us know your thoughts on blacklisting assets! The Shrimpy Team

Shrimpy Gives Poloniex a Second Chance

This article will explore how anyone can make money on the . It’s free to sign up, easy to get started, and quick to get paid. There are two main ways to earn money with Shrimpy. Shrimpy application Referring a friend. Becoming a leader in our social program. Affiliate / Referral Program The benefits for referring users to Shrimpy are constantly increasing. Months ago, we released the ability to refer friends. In exchange, users would get access to the beta features. Today, people who participate in the referral program are starting to get more for every referral. Not only will they still have access to all beta features we release in the future, but they will also get paid. Up to $12 for every referral that signs up for Shrimpy Social. That’s right. Every time you refer someone, you get paid $4 per month for the first 3 months that your referral pays for the social features. You can find your referral link by going to the “Settings” tab in the Shrimpy application and then selecting “Referral”. Now, $12 is a decent chunk of change… but, what if there was a way you could make $24 per person over the same 3 month period? You can! Social Leader Program In addition to paying out for the referral program, we are also paying leaders $4 per follower per month. That means if you refer a new user who then follows you on the social feature, you will be earning $8 a month from that user for the first 3 months, then $4 per month thereafter if they continue to follow you. Becoming a leader is as easy as navigating to the “Social” tab in the Shrimpy application, selecting “My Profile” in the upper right corner, and then checking the box for “I am a leader”. Paying Out Once you start referring new users and gathered a following in the social program, you will want to get paid. In Shrimpy, the payment process is easy. Navigate to “Settings”, then click on “Payment”. This will show you how much money you have earned in Shrimpy so far. We can see there are two different values displayed on this page. The value on the left is how much money you can currently get paid. This amount is available for payout immediately. The value on the right is how much you are currently accruing for the current month. On the first of every month, the value on the right is cleared and added to your available earnings that are displayed on the left. Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord Leave a comment to let us know your experiences with rebalancing! The Shrimpy Team

How To Earn Money With Shrimpy

is one of the leading platforms for institutional investors. Acting as one of the most trusted places to purchase digital assets, many US crypto investors have used their services at some point. This track record of excellence continued when they released their index fund for institutional investors. Coinbase Although Coinbase provides some tools for institutions, they are still missing the ability to rebalance. While the Coinbase Index Fund may rebalance one time every New Year, this doesn’t provide the flexibility of a solution that allows rebalancing on demand. Additionally, our research has found that rebalancing at more frequent intervals can improve portfolio performance over a one year period. _The intention of this study is to paint a fair picture of how rebalancing as a strategy stacks up to HODLing. In order…_hackernoon.com Rebalance vs. HODL: A Technical Analysis In order to address this need, Shrimpy is rolling out support for . Consumers and institutions will now have access to liquidity across 4 different exchanges and hundreds of digital assets. Simply deposit a small percentage of your funds to Coinbase Pro, rebalance, and enjoy the freedom of a liquid portfolio by taking advantage of our cold storage coupling. Coinbase Pro _The cryptocurrency space envisions a future which is open and decentralized. Although there are applications which are…_medium.com Cold Storage Coupling for Portfolio Rebalancing in Crypto Rebalancing is an important element of every portfolio. Whether you’re an institutional investor or an individual with a diverse portfolio, rebalancing is a time tested strategy. That’s why we believe everyone should have free access to powerful rebalancing tools. What you get with Shrimpy: Construct your own index fund Unlimited rebalances on demand No investment window No redemption window No notice required No annual management fee No minimum investment Access to liquidity across 4 exchanges … and more _For years we’ve been hearing how this year will be the year institutional investors start buying cryptocurrencies. If…_hackernoon.com Institutional Investors Are Now Using Shrimpy to Rebalance Their Crypto Funds Shrimpy is the most powerful rebalancing tool in the market. Whether you want to manage 5 assets on Coinbase Pro or 200 assets across multiple exchanges, Shrimpy is the answer. Quickly link all of your exchanges into our secure management system, allocate your portfolio, and manage your assets through a single interface. today or send us an email at to get set up with your own custom Shrimpy management system for institutions. Sign up for Shrimpy support@shrimpy.io Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord The Shrimpy Team

Shrimpy Introduces Rebalancing to Coinbase

The people have spoken. They want Shrimpy with KuCoin. Shrimpy users love . The diverse selection of assets paired with the support for NEP-5 Tokens makes it an attractive addition to our platform. Today, we are rolling out KuCoin to all Shrimpy users. KuCoin today to begin managing your KuCoin assets through Shrimpy. It’s free to use and easy to get started. Sign up _Shrimpy is the simple portfolio management website for the busy person. Shrimpy adapts ideas from smart investors…_hackernoon.com Introduction to Shrimpy — The Easiest Way to Invest in Crypto _The intention of this study is to paint a fair picture of how rebalancing as a strategy stacks up to HODLing. In order…_hackernoon.com Rebalance vs. HODL: A Technical Analysis Don’t forget to follow us on and for updates, and ask any questions to our amazing, active communities on & . Twitter Facebook Telegram Discord The Shrimpy Team

KuCoin Users Can Now Manage Their Portfolios With Shrimpy

The ground quakes as ripples radiate across the sea. The air cracks like a foghorn bellowing in the distant abyss. “What have I done”, a small shrimp asks itself. That rumbling is the sound of Shrimpy unleashing the Kraken. With our primary focus on the US market, it only feels right to bring into the mix one of the first crypto exchanges. Founded in 2011, Kraken is nearly as old as the Bitcoin market itself. Not to mention, it’s difficult to “Sail the high seas” without Shrimpy. It’s clearly a match made in heaven. Besides the match on a sea level, Kraken also provides a number of other benefits that are important to the Shrimpy user base. Increased liquidity USD / CAD / EUR / GBP / JPY trading pairs Deposit USD via wire transfer Shrimpy has now released support for the Kraken exchange! Use Shrimpy with Kraken to manage your entire portfolio. Additional Reading _Portfolio rebalancing is a strategy that has been used by investors for decades. First, an investor must determine how…_hackernoon.com Portfolio Rebalancing for Cryptocurrency _The intention of this study is to paint a fair picture of how rebalancing as a strategy stacks up to HODLing. In order…_hackernoon.com Rebalance vs. HODL: A Technical Analysis Don’t forget to follow us on and for updates, and ask any questions to our amazing, active communities on & . Twitter Facebook Telegram Discord The Shrimpy Team

Shrimpy Releases The Kraken

For years we’ve been hearing how will be the year institutional investors start buying cryptocurrencies. If it wasn’t 2017 it will definitely be 2018. The truth is, institutional investors are already buying cryptoassets and more will follow suit. This is not an on-off switch, but a gradient. Hundreds of new hedge funds have been created this year specifically for investing in cryptocurrency. We’re sure next year we’ll see even more. this year This is a welcome development, not only due to the increased demand for crypto which will help the price long-term, but due to the technological developments which this new capital will accelerate. Crypto is clearly here to stay and more investors are biting at the bit to own a piece of the action — assuming the infrastructure is in place and they can do proper due diligence. Insitutional Investors are Under-Allocated in Crypto Jim Kyung-Soo Liew at Johns Hopkins University Carey Business School released . His risk analysis shows these funds should have at least 1.3% of funds in bitcoin. Many endowments are on the fence right now with pension funds likely following. a research paper in December showing how institutional investors are under-allocated in bitcoin Adding BTC to a portfolio increases real and risk-adjusted returns moving the Sharpe ratio from 1.76 to 2.03. “Will there be volatility? Absolutely, but for institutional investors, they need to think long term,” Liew said. “Nobody wants to be the first one, but they want to be fast followers.” First Movers Luckily, there are already first movers on Shrimpy — institutional investors who use our standard platform for managing their portfolios. Shrimpy is opening up a new platform designed specifically for institutional investors in response to requests from these funds. This platform will provide the most powerful set of tools on the market to manage institutional funds. Whether you are managing a million dollars in cryptocurrency or nearly a billion, we have the solutions that will complete your management process. Although we will develop solutions specifically for institutional investors this will also spur us to create new features for our non-institutional users. We will get more input on what features are needed to continue making Shrimpy the easiest, most secure platform for managing a diverse crypto portfolio. Let’s examine some of our offerings. The items are already supported today. The other items are on our roadmap and can be prioritized according to the needs of our users. Areas we will cover include: bold italicized Rebalancing Rebalancing has been the cornerstone strategy for funds over recent decades. Shrimpy is the easiest platform to automate this process. Automated rebalance based on market cap. Ability to fix the percentages of desired assets (for example: 20% BTC, 20% ETH). All other assets could then be weighted by market cap. Schedule the exact time and day of rebalance. Additional control over rebalancing trading process. E.g. limiting how much of an asset is traded per hour, or optimizing trades based on market movements. Multi-Exchange Support Holding assets across multiple exchanges reduces risk and increases liquidity. Additionally, this provides arbitrage-like opportunities where Shrimpy can purchase assets at the best price across these exchanges. Integration with top exchanges such as Binance and Bittrex. Integration with additional exchanges such as Coinbase Pro and others based on request. Rebalance across multiple exchanges. Notifications can be sent if assets need to be transferred to a different exchange. Security Shrimpy was designed with security in mind from the beginning. We use solutions which are trusted by the largest technology innovators. Shrimpy is the only rebalancing platform on the market which is designed for institutional investors. Some of the features that are currently available or will be available include: A dedicated server designed to only manage your assets. Access to this server is through a personalized subdomain. E.g. companyname.shrimpy.io API IP whitelist so your server is the only machine which can perform trades through the API. Additional IP whitelist to restrict access to your server. This is useful if you want to only be able to access Shrimpy from a single location, like your office. Two-Factor Authentication (“2FA”) provided by Auth0 which uses the Google Authenticator mobile application. API keys are encrypted and key management is rooted in hardware security modules (“HSMs”). The HSMs are provided by AWS, which use FIPS 140–2 validated hardware. HTTPS (All website data is transmitted over encrypted Transport Layer Security (“TLS”) connections (i.e., HTTPS). Both data at rest and in motion is encrypted — all network communication uses TLS with at least 128-bit AES encryption. The connection uses TLS v1.2, and it is encrypted and authenticated using AES_128_GCM and uses ECDHE_RSA as the key exchange mechanism.) DDOS mitigation through Cloudflare. Cold Storage Monitoring Exchanges can get hacked. To mitigate this risk, we will offer solutions which allow you to maintain most of your assets offline. This ensures the security of assets while still providing enough liquidity on exchanges to perform the necessary rebalances. Offline assets can be manually entered for inclusion in rebalance calculations. Automatic updating of offline assets via public address. Reporting and Monitoring Between and after each rebalance, you will want to know how your investments are performing. Allowing Shrimpy to perform rebalancing for your portfolio provides a unique opportunity for us to construct these reports and provide you a comprehensive view of the metrics that matter to you. Read only API key monitoring to ensure secondary source of verification. Rebalance reports which include every trade which was made, the amount of fees paid in each exchange, and further summaries. Performance metrics. Online / offline asset monitoring. This will send a notification when assets should be pulled online from your cold storage or placed in cold storage from an exchange depending on rebalancing activity and individualized factors. Sign Up Now that you know a little bit more about the solutions we offer, send us an email at to set up a free trial run with . As we continue to develop the platform, we will work with you 1-on-1 to ensure our feature set fits your needs. support@shrimpy.io Shrimpy We are currently offering 3 months of free service to all new institutional investors. This includes every feature we have to offer and support for custom development. Don’t miss out on the safest, simplest way to grow and manage your fund. Do you still have questions or want to see a live demo? Send us an email at . support@shrimpy.io

Institutional Investors Are Now Using Shrimpy to Rebalance Their Crypto Funds

Welcome Shrimpy Fam! Today marks the first day of a legendary challenge. The rules are simple and we’re giving special Shrimpy Beta access to all entries (first access to Shrimpy’s newest features). Plus an awesome prize which you can tell your grandkids about when you’re recounting tales over a crab dinner about how cryptocurrencies revolutionized the world as they stare blankly at you and ask, “Grandpa, what’s a fiat?” So put on your competition cap or beret and continue reading. Do you like crypto? Yes, of course I do! How about crabs? Huh? I’m talking about these magnificent creatures of the sea: I am delicious. These two hitherto unrelated things are uniting for the first time throughout the month of July. Yes, we here at Shrimpy have a soft spot for all crustaceans and we want to share our love of this wonderful delicacy with one lucky winner. We’ll even throw in our favorite crab recipe for you. A Shrimpy Video Competition Throughout the month of July, we will be hosting a video competition. The purpose of the competition is to encompass the spirit of Shrimpy. We want to continue delivering a kick-ass product and have received overwhelming requests for coins to be added, multi-exchange support, offline wallets, more historical info, and many other feature requests. In order to continue exceeding our users expectations, continue running, and rolling out new features quickly we need as many people as possible to hear about Shrimpy! Some of the topics we are looking for include: A demo or tutorial of the application. An overview showing how Shrimpy fits into your overall investment strategy An ad or late night infomercial A hype video. Doge for reference. As promised, it’s actually very easy to join the competition. Publish your Shrimpy inspired video to YouTube (include Shrimpy in the title) Tweet us your submission @ShrimpyApp The video which receives the most views on YouTube by July 31 at 11:59pm PST will be crowned the winner. Prizes The Shrimpy team loves all crustaceans — especially crab. When we saw an opportunity to share this love with our users, it was too good not to take. The result is a conflicting decision for the winner between two equally valuable, though not equally delicious, prizes. The first and most appetizing option is two dozen live crabs (or up to $200 in value). That’s right, we will ship live crabs to your home. Congrats you now have a small crab army like you told Mrs. Butler you would during 2nd grade show and tell. Now who’s laughing Mrs. Butler?? Or y’know just invite your friends over and have a crab boil like “normal” people. But first definitely share pics of your small crab army on Instagram to make all your friends lowkey jealous. Alright, alright, while the sweet, sweet internet jealousy generated by your crab army or crab boil sounds appealing, the logistics may not work for you. Maybe you’re vegan. Or maybe you were scarred from watching Queen Crab and can’t be within a hundred feet of any crabs (seriously, for some good laughs and a possible movie night idea). go watch the trailer Whatever it is, crabs don’t work for you. In that case, our second option is a good choice for you: Simply tell us your crypto of choice and we will send you $200 worth of that asset. Market is still cheap so there could be some great values, but I can’t guarantee the crypto will taste as delicious nor generate as much internet envy from childhood friends you’ll never see again. But, wait, there’s more! Since we know that making a video takes time, we will reward everyone who submits a video with super shiny Beta access to the Shrimpy platform. Be the first to test new features and provide feedback to our team! Conditions Not all parts of the world are available for shipping live crabs to your doorstep. We will do our best to find availability for the winner, but we are the most familiar with shipping live crabs in the US. In the case where we cannot or don’t wish to provide live crabs (due to unfavorable circumstances), we will provide crypto in their place. We reserve the right to select the winner. While views will be the largest factor in our decision process, we have the right to disqualify submissions if there was cheating involved, if the content of the video is not relevant to the Shrimpy application, or if the video contains illicit content. Please remember to not include copyrighted music or footage. This can result in your video being taken down and disqualified from our contest. Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord The Shrimpy Team

Crabs or Crypto Contest: A Legendary Shrimpy Showdown

Selecting which assets should be in your crypto portfolio is complicated. With , we have already created the easiest platform to select assets, allocate a diverse portfolio, and manage your cryptocurrency. Today, we are announcing the integration of social portfolios into the Shrimpy application. View the most popular allocations on the platform, follow industry leaders, and develop your strategy by working with the community. Picking assets will never be the same. Shrimpy This is what you see when you click on a leader in the Shrimpy Social tab. Along with being able to see the leaders allocations and rebalance period, you can also chat with the leader and see the history of changes they have made to their portfolio. Introducing Follow Allocations Following allocations is a simple idea. Similar to the way you can follow a person’s tweets, you will finally be able to follow the allocations of your favorite crypto users. Then, with a single click, you can implement the same strategy as these leaders. This will allocate the same portfolio as the leader and follow their future actions. Selecting assets like an industry leader is being reduced to a click. Followers This is a view of the Shrimpy Social tab. Each card is a leader who is on the same exchange as you. You can follow and unfollow any leader at any time. Followers will have access to a powerful portal where they can browse leaders who are using the Shrimpy platform. Followers can see the allocations and strategies implemented by these experienced users. When a leader they are following makes changes to their strategy, the followers will be able to see these changes in real time. Leaders Shrimpy will provide leaders a platform to grow their audience, build trust, and implement successful strategies. Communicating these strategies and updates to followers will be easier than ever before. Make Money With Shrimpy This leader and follower dynamic provides the best of both worlds. Followers will be able to grow their portfolios as a result of making better asset selections. In return, followers will be charged a small monthly fee, which is a small price to pay for these insights. On the other side, leaders will be able to grow their funds through their followers. Shrimpy will be paying leaders for every follower they retain. Growing your followers directly translates to more money in your pocket. Not only will the leaders get paid, but so will referrers. A portion of the fees paid by any user which registers by a referral code will get paid out to the referrer for the first 3 months after registration. Read more about making money with Shrimpy in the following article! _This article will explore how anyone can make money on the Shrimpy application. It’s free to sign up, easy to get…_medium.com How To Earn Money With Shrimpy The Future of Social Portfolios These are not the only features we have planned for our social platform. There is a sea of untapped potential in the crypto space when it comes to improving the asset selection experience. As we begin to unlock the future of social, we need your help. Let us know what aspects resonate with you. Share the changes that you would like to see which can make your experience better. Revenue Shrimpy finally has the opportunity to make money. The more money we make, the more money we can use to make Shrimpy even better. So, be sure to invite your friends! Help us out by becoming a member of the social features and lead a group of your own. Additional Reading _Portfolio rebalancing is a strategy that has been used by investors for decades. First, an investor must determine how…_hackernoon.com Portfolio Rebalancing for Cryptocurrency _The intention of this study is to paint a fair picture of how rebalancing as a strategy stacks up to HODLing. In order…_hackernoon.com Rebalance vs. HODL: A Technical Analysis Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord The Shrimpy Team

Shrimpy Adds Social Portfolios For Crypto

Welcome to the first installment of the dev blog! This will be used to detail the features which will be under development each week. You can then track our progress and suggest ways to improve Shrimpy based on the features we will be rolling out each week. So, let’s get started. Exchanges We will be rolling out a few new exchanges based on the feedback from our users. We appreciate everyone who voted for their exchange of choice. There were a few which stood out as clear winners. Kucoin You guys really want Kucoin. There isn’t much else to say about it. Every time we ask for exchange suggestions, people shout Kucoin! Their large selection of assets and support for NEP 5 tokens will offer our users a larger range of assets which they can include in their portfolio. GDAX / Coinbase Pro This has also been voted highly. Although it doesn’t have many assets, we believe this could potentially be a strategic pick for us. Coinbase has a massive hold on the US market. Many of their users may not use more complicated exchanges like Binance or Bittrex. This presents us with an opportunity to grab these users who would love the Shrimpy application! Bitfinex In addition to their large trading volume, Bitfinex has been a massive player in the crypto space for years. Their reputation, user base, and offerings present it as a great option for Shrimpy support. Poloniex Some users may have noticed our issues with Poloniex. After repeatedly contacting support (we have not received any responses), trying to work around their problems, and constantly attempting to make it work, we have decided to retire Poloniex. We understand this may be frustrating for you. It is certainly frustrating for us. I hope you are able to find a new home on another exchange with us. Multiple Exchanges In addition to adding more exchanges, we realize it would be impractical for our users to have 5 different Shrimpy accounts if they wanted to be on each exchange. We know you love Shrimpy, but that might be taking it too far. In order to solve this problem, we will begin rolling out support for multiple exchanges on a single account. This way you never need to switch accounts again in order to check your holdings on another exchange. Early Access Referral Program We will begin rolling out a new program. We are calling it the “Early Access Referral Program” (subject to change). The way it works is simple. We will be releasing new features, but they will only become available to those people in the program. Don’t worry! Everyone will have access to these features a week or two later. So, the users in this program simply get earlier access to all features on Shrimpy. The way you become a member of the Early Access Referral Program is by referring friends, participating in the community, and helping the Shrimpy team. UI Updates In order to support these changes with multiple exchanges, parts of Shrimpy will be getting a face lift. If you notice something out of place, don’t be alarmed! It might be in another location or we might be adjusting for a larger overhaul which will come in the future. Settings The settings tab looks pretty awful. This will be updated, but we will also move the ability to input API keys and add multiple exchanges to this tab. This way, settings will be global settings for all of your exchanges. We may change this in the future, but it is an easy first step to get us running with multiple exchanges per account. Allocation Tab We will be removing the ability to set API keys from the allocation tab. This will be relocated to the settings tab. There may also be small updates to buttons, how allocations are saved, and other small adjustments. First Time Flow The first time you log into the Shrimpy application, the process isn’t great. There are a bunch of blank tabs and it probably looks a little overwhelmingly empty. We will change the process so new users have an easier time getting walked through the application the first time they enter. Team As discussed in our , we are adding two new full time members to the Shrimpy team. This means we will be spending time bringing them up to speed, getting them acquainted with our system, and making sure they are settled in. Once again, don’t forget to welcome them as you see them helping people out on Telegram, Discord, or any of our other social media outlets. team post Data Collection We will be collecting more data from exchanges and other third parties. This may not be noticeable for our users, but it will help improve our service over the long term. Blog Please leave suggestions for the next blog post! We would like to find some new topics to cover this week. Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord The Shrimpy Team

Shrimpy: A Week In Development [June 4]

The website was recently released. It was nice, and everyone agreed. Until they noticed our glaring flaw. We didn’t support Binance. We were hoping nobody would notice, but you did. Shrimpy We initially weren’t planning on supporting Binance, but after all these questions, we had to ask ourselves again… Should we support Binance? So here we are now, writing an article just to say we are supporting Binance. You didn’t need to read until this point in the post, I think the title summed it up pretty well. That’s all we are announcing. Since you are still reading, let’s brainstorm. We have been thinking about some features lately, so let’s throw some ideas at the wall. You can comment to let us know what resonates with you. A simple feature to see a comparison between rebalancing and buy and hold. Essentially, it could be something like another line on the dashboard graph that would show a comparison between your current portfolio value and the value of your portfolio had you not rebalanced. This way you can have a more defined view of how well rebalancing is helping your portfolio. Real-time backtest when adding and removing coins from your portfolio. We are still working out the details, but basically whenever you add or remove a coin from your portfolio, the website would run a backtest to give you an idea of how well that portfolio has been doing in the recent past. This could help you make decisions on what coins to put in your portfolio. Multiple exchange integration for a single account. A simple feature to toggle between different exchanges you are rebalancing on. This way you don’t need to sign up with multiple accounts to manage multiple exchanges with Shrimpy. Ok, that’s all I’m giving out for now. Comment with what features you would like to see in the next version of Shrimpy. Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord Leave a comment to let us know your experiences with rebalancing! The Shrimpy Team

TL;DR Shrimpy Now Supports Binance

Here at Shrimpy we have a big vision. We are going to change the way people invest in cryptocurrency. This will happen by providing a free platform where you can easily deposit, diversify, and manage your crypto portfolio. Investing in cryptocurrencies will no longer be limited to those who understand the technology. Every person who wishes to take advantage of this emerging asset class will be able to easily create a competitive portfolio within minutes. Then, using simple strategies like rebalancing, your portfolio will be able to generate better returns than buy and hold. This will promote the adoption of cryptocurrencies by breaking down the barriers to enter the crypto market. Learn more about rebalancing from our other blog posts: _Portfolio rebalancing is a strategy that has been used by investors for decades. First, an investor must determine how…_hackernoon.com Portfolio Rebalancing for Cryptocurrency _The intention of this study is to paint a fair picture of how rebalancing as a strategy stacks up to HODLing. In order…_medium.com Rebalance vs. HODL: A Technical Analysis Shrimpy Shrimpy is going to be the easiest way to invest in cryptocurrencies. We may not be there yet, but we are getting closer. The current website allows you to rebalance and manage your portfolio which is currently being maintained on third party exchanges. With a simple point and click interface, you can quickly select allocations for your portfolio, pick a rebalance period, and monitor the performance over time. The best part is that Shrimpy is free to use! Monitor The first thing you will notice when entering the Shrimpy demo is the clean dashboard. This is the main tab where you spend most of your time monitoring your portfolio. The top card is the portfolio value over the period that can be selected on the right side of the card. The bottom left card will show your portfolio, and on hover, the percent of each asset in your portfolio. When you want to rebalance, click the “Rebalance Now” button to instantly rebalance your portfolio. Finally, on the bottom right, you will be able to see your asset summary. This is simply a list of the assets currently in your portfolio and their performance over the last 24 hours. Allocate The next major component of the Shrimpy application is the allocations tab. This provides a quick way to select which assets you want in your portfolio. With access to hundreds of different options, allocating a portfolio is as simple as clicking the assets. These selections will instantly be allocated during the next rebalance based on the specified percentages. Currently, the top left card is where you would insert your exchange and the necessary keys to perform trades on your behalf. On the top right, there is a card which is used to specify how often you would like to rebalance. Finally, the bottom card shows all of your selected allocations and what percent of your portfolio is consumed by each asset. Simply select the trash can to remove assets from “Your Allocations”, and single click any asset on the right to add one back. Just remember to save your changes! Try it out! Now that you have gotten the text tour, try the demo out yourself! www.shrimpy.io/demo Shrimpy Demo Rebalance your portfolio with Shrimpy today! Shrimpy has a lot to offer, so you can stay up to date with how we are changing the way people invest in cryptocurrencies. sign up Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord Leave a comment to let us know your experiences with rebalancing! The Shrimpy Team

Shrimpy’s Demo Shows the Future of Crypto Investing

Choose the easy way to invest is the simple portfolio management website for the busy person. Shrimpy adapts ideas from smart investors outside of crypto to introduce simple automated strategies which can help simplify your portfolio strategy. We created Shrimpy as the solution to a problem we faced. We wasted countless hours researching which exchange has which cryptos, tracking our assets across exchanges, and trading to keep our portfolio in balance. We’ve gotten so many questions and people interested that we decided to make Shrimpy available to the public. Shrimpy Spend your time with your family, friends, or researching your next asset choice, not managing your portfolio, constantly trading, and stressing about keeping track of how your assets are performing. Keep track of your investments with simple statistics. Monitor your portfolios performance and easily adjust portfolio strategies based on various metrics. View how each coin has performed over the past 24 hours, how the percent allocations have drifted, and what are the current values of your holdings. The Shrimpy Way Shrimpy has two main advantages: ease of diversifying crypto assets and automatic . decide your allocations and Shrimpy takes care of the rest. Simply deposit crypto on an exchange, use a simple interface to select which cryptocurrency allocations you want in your portfolio, and monitor your portfolio over time. rebalancing a portfolio You Within minutes anyone can go from owning one crypto asset to owning hundreds — without using multiple exchanges or confusing interfaces. For instance, let’s say you own Bitcoin, but you want to own Bitcoin, Ether, Litecoin, and Monero. Using our simple interface, you can enter the percentage of each that you want: for instance 25% Bitcoin, 45% Ether, 10% Litecoin, and 20% Monero. Shrimpy will automatically calculate exchange rates and perform trades to create your portfolio. Shrimpy then rebalances your portfolio automatically to keep your chosen allocations. Select your allocations with a simple point and click interface, adjust the percent holdings of each coin, and schedule a continuous rebalance for your portfolio. With over seven hundred supported crypto assets and 16 exchanges, this means you have a large selection of the best asset options that are available. Stripping away the necessity to bounce from exchange to exchange chasing the new hottest coin, everything will be available in a single place. The expectation in the future is that we will be able to support hundreds of more crypto assets as we expand the platform. You can read more tips for how to create a strong portfolio by checking out our previous article here: _The purpose of this article is to help cryptocurrency investors wade through the mania to create a well rounded…_blog.shrimpy.io 10 Tips for Creating a Killer Cryptocurrency Portfolio Automatic Rebalancing Shrimpy integrates portfolio rebalancing which in our tests can improve returns by more than 53% while reducing volatility. This strategy is time-tested and has been used in stocks and bonds for many years — often increasing investor returns and decreasing volatility. Unfortunately, nobody has brought an automated way of rebalancing to crypto assets yet. Enter Shrimpy automated rebalancing. Actual picture of the Shrimpy team trying to figure out how to manually rebalance our portfolios Rebalancing takes advantage of the cyclical nature of the market by trading coins from those that did well over the period, to those that performed poorly. Basically it puts selling high and buying low on auto-pilot. The end result is that each coin represents your chosen percentage of your portfolio after each rebalance. Since this all happens automatically, there is no additional effort required compared to buy and hold. If you would like to learn more about rebalancing, check out our other articles here: _Portfolio rebalancing is a strategy that has been used by investors for decades. First, an investor must determine how…_blog.shrimpy.io Portfolio Rebalancing for Cryptocurrency _The intention of this study is to paint a fair picture of how rebalancing as a strategy stacks up to HODLing. In order…_blog.shrimpy.io Rebalance vs. HODL: A Technical Analysis Team We are a small team of engineers and product managers located in the San Francisco Bay Area. Our members originate from Facebook, Amazon, NASA, Samsung, and Boeing. We have been involved with cryptocurrencies since December 2012. This began with mining DOGE on our custom rigs. Eventually, we began trading and developing custom software to manage our investments. _Until recently, the Shrimpy team hadn't published much about the people developing and working behind the scenes to…_blog.shrimpy.io Shrimpy Team Introduction Our Mission We believe crypto assets are going to disrupt the world, however we aren’t there yet. Managing a cryptocurrency portfolio is complicated. The diversity of coins has grown, convenience of investing hasn’t improved, and adoption from every day people is still impractical. The process of finding exchanges that accept fiat, transferring holdings to crypto exchanges, allocating balances, and maintaining your portfolio is cumbersome. This complexity has become one of the largest barriers to entry, preventing millions of people from getting into the market. By focusing on ease of use for new cryptocurrency users, Shrimpy will change the way people manage their cryptocurrencies. The end vision for our application is one where you can deposit fiat currencies directly onto our platform, allocate a diverse portfolio in minutes, and monitor every aspect of your portfolio in real time. All of this will be baked directly into the Shrimpy platform, so there is never a need to use third party tools that require significant amounts of work to maintain. We believe crypto should be for everyone. The current coin distribution is centralized to those users who were early adopters for the technology. This should not be the goal of cryptocurrencies. We should strive to put these assets in the hands of every individual regardless of status or circumstance. The only way to do this is to make it easily accessible. Shrimpy supports this vision by providing portfolios that are easy to manage and allocate, by setting no barriers to entry, and by increasing the availability of a diverse set of coins. This will allow more people to take advantage of this growing asset class for everyone’s benefit. Our Ask is a free application that anyone can sign up to try. Our ask would be that if you are interested in having a simple way to manage your portfolio, that you . After giving it a try, let us know what you like or want us to change. The more feedback we get, the better your experience will be with the Shrimpy application. Shrimpy sign up Don’t forget to check out the , follow us on and for updates, and ask any questions to our amazing, active communities on & . Shrimpy website Twitter Facebook Telegram Discord Leave a comment to let us know your experiences with rebalancing! The Shrimpy Team

Introduction to Shrimpy — The Easiest Way to Invest in Crypto

Dear Hackernoon reader, The Impact of Crypto Trading Fees on Periodic Rebalancing: How Does Your Favorite CEX Fare? We are pleased to offer you its latest case study analyzing the effects of exchange trading fees on periodic rebalancing. Trading fees have a massive impact on rebalancing strategies, and as such, we found it necessary to analyze the effects fees have on your performance. The purpose of this case study is to compare how rebalancing performs on different exchanges, including  Binance, Coinbase, Kraken, Bybit, Gemini, and many others. This case study might also be relevant for those utilizing other crypto strategies that rely on high-frequency trading. Our conclusions show which exchange brings the best returns and how periodic rebalancing compares to a buy-and-hold (HODL) strategy at various rebalancing frequencies and trading fees. This case study continues on crypto exchanges and rebalancing performance. our previous case study This case study was made with the help of Shrimpy’s native backtesting tool. You can use Shrimpy to analyze thousands of cryptocurrencies and compare their performance against different strategies. Backtesting is the easiest way to analyze the potential performance of your portfolio without having to deploy real capital. Backtest Setup This case study focuses on the impact of exchange trading fees on the performance of a cryptocurrency portfolio utilizing a periodic rebalancing strategy. Our backtest tracks the portfolio’s performance during a 3-year time period (Jan 1, 2020, to Dec 31, 2022). We've analyzed 20 settings based on threshold rebalancing tolerance bands and exchange trading fees. We've run 20,000 backtests in total, amounting to 1,000 backtests per setting. This time we’ve only analyzed a 15-asset portfolio. Our periodic rebalancing includes the following frequencies: Hourly rebalancing Daily rebalancing Weekly rebalancing Monthly rebalancing We have carried out the case study by taking the non-VIP taker fee for spot markets for every major exchange and applying it to our rebalancing trades. The trading fees include five groups: 0.1%  (Binance, Kucoin, Bybit, OKX) 0.2% (Bitfinex & Gate.io) 0.26% (Kraken) 0.4% (Bitstamp & Gemini) 0.6% (Coinbase) Here’s a of all crypto exchanges and their respective trading fees; feel free to visit the following link. comprehensive list This case study compares the performance of each rebalancing strategy against HODL (buy-and-hold). We've also compared the performance of each strategy against the initial portfolio value. Note that the asset selection process during our backtests was completely randomized. Allocations The case study includes one portfolio group in terms of portfolio size. The portfolio has 15 assets in total. The assets in the portfolio group are evenly distributed. The rebalancing process executes trades to keep these initial allocation targets in check. The point of rebalancing is to maintain targeted allocations. simulated in the backtest Note that each executed trade includes a trading fee. Funds Each portfolio starts with an initial balance of $5,000. The results of this case study show the value of each portfolio by the end of the backtest period (January 1st, 2020 - December 31st, 2022.) Asset Selection The asset selection process in this case study is completely randomized for the purposes of objectivity and accuracy. Our list of assets includes all cryptocurrencies available on the top 10 crypto exchanges during the backtest period (as per ). CoinGecko Each backtest picked random assets for each portfolio group based on the list of assets available then. This is done so that the focus of our analysis is placed not on the assets themselves but on the strategy. Performance Calculation Each backtest outputs two results. One result shows a portfolio's final value if it had been rebalanced, while the other shows a portfolio's final value if it had used the HODL strategy. To determine how these strategies compare, we calculate the performance of the rebalancing strategy against the HODL strategy by using the following formula: Performance = ((R - H) / H) x 100 You can read the formula in the following way: R is the final value of the portfolio that used a rebalancing strategy. H is the final value of the portfolio that used the HODL strategy. The result is multiplied by 100 to convert from a decimal to a percent. Our results contain graphs that show the relationship between exchange trading fees and periodic rebalancing with the median value of the portfolio by the end of the backtesting range. We have results for the following trading fees: 0.1%, 0.2%, 0.26%, 0.4%, and 0.6%. Our final results (Portfolio Rebalancing vs. HODL) compare portfolio rebalancing against the HODL strategy. This section focuses not on the median value of each portfolio by the end of the backtest but on the performance of a rebalanced portfolio compared to the same portfolio utilizing a HODL strategy. Please note that any values displayed in this section are not relative to the starting value of a portfolio but to the same portfolio had it been HODL’ed. If a value of 5% is displayed, that means the final result for the rebalanced portfolio is 5% higher than the HODLed portfolio and not 5% higher than the initial portfolio fund. Backtest Period Our case study focuses on the following market period: Jan 1, 2020 - Dec 31st, 2022. Given the nature of the market during that period, our case study predominantly analyzes the price data of a bull market. The market has seen extremely volatile price action during this backtest period. Bitcoin has seen , to the November ATH of 2021. The market has also seen a 76% price decrease from the ATH to Dec 31st, 2022. a price increase of 851% from Jan 1st, 2020 Considering that our case study involves mostly altcoins (due to the nature of diversification), the results are far more volatile. Results Our results start by analyzing the effects of different exchanges and their trading fees on each periodic rebalancing frequency. The list of rebalancing frequencies includes: Hourly Daily Weekly Monthly We use the following trading fees: 0.1%, 0.2%, 0.26%, 0.4%, and 0.6% Our combined results section compares the combined performance of all the abovementioned strategies. Note that the performance in the combined results section is denominated in dollars. Their performance is relative to the initial portfolio value (IPV). Our final results compare the combined performance of each rebalancing strategy against HODL. The values in the final results section are percentages, not dollars. The values are relative to a portfolio utilizing HODL – the performance difference between a rebalanced portfolio and a HODL’ed portfolio – and not to the initial value of a portfolio. 0.1% Trading Fee (Binance) The results above show the effects of a 0.1% trading fee on four periodic rebalancing frequencies. This portfolio group includes Binance, Kucoin, Bybit, and OKX. Daily rebalancing produced the best results, scoring 2.78% higher than hourly rebalancing, 5.83% higher than weekly rebalancing, and 19.16% higher than monthly rebalancing. 0.2% Trading Fee (Bitfinex) The results above show the effects of a 0.2% trading fee on four periodic rebalancing frequencies. This portfolio group includes Bitfinex and Gate.io. Daily rebalancing produced the best results, scoring 10.58% higher than hourly rebalancing, 8.44% higher than weekly rebalancing, and 11.88% higher than monthly rebalancing. 0.26% Trading Fee (Kraken) The results above show the effects of a 0.26% trading fee on four periodic rebalancing frequencies. This portfolio group includes Kraken. Daily rebalancing produced the best results, scoring 18.38% higher than hourly rebalancing, 5.6% higher than weekly rebalancing, and 13.78% higher than monthly rebalancing. 0.4% Trading Fee (Bitstamp & Gemini) The results above show the effects of a 0.4% trading fee on four periodic rebalancing frequencies. This portfolio group includes Bitstamp and Gemini. Weekly rebalancing produced the best results, scoring 24% higher than hourly rebalancing, 0.78% higher than daily rebalancing, and 8.41% higher than monthly rebalancing. 0.6% Trading Fee (Coinbase) The results above show the effects of a 0.6% trading fee on four periodic rebalancing frequencies. This portfolio group includes Coinbase. Weekly rebalancing produced the best results, scoring 49.22% higher than hourly rebalancing, 2.39% higher than daily rebalancing, and 7.93% higher than monthly rebalancing. Combined Results X-Axis for each bar inside a rebalancing frequency from left to right: Binance, Bitfinex, Kraken, Bitstamp, Coinbase. The results show that daily rebalancing performed the best out of all the other groups. Hourly rebalancing is most affected by increased trading fees, bringing massive drawdowns with higher fees. In this regard, hourly rebalancing has the worst performance on average (apart from the 0.1% trading fee). The image above shows the impact of each trading fee on each periodic rebalancing strategy. The best returns are concentrated around the 0.1% trading fee and daily rebalancing frequency. Our results show that an hourly rebalanced portfolio combined with a 0.6% trading fee performed the worst. A daily rebalanced portfolio with a 0.1% trading fee performed the best. Periodic Rebalancing vs. HODL X-Axis from left to right: Binance, Bitfinex, Kraken, Bitstamp, Coinbase. Our results show that all periodic rebalancing strategies have outperformed HODL, except the 0.4% and 0.6% trading fee portfolios utilizing hourly rebalancing. Daily rebalancing at 0.1% trading fees brings the best results at 28.59%. The worst results can be seen with the 0.6% hourly rebalancing group, which performed -23.67% worse than HODL. In general, the best-performing portfolios were the ones utilizing daily and weekly rebalancing, with trading fees ranging from 0.1% to 0.4%. An exchange with 0.1% trading fees, like Binance, offers the best results – as expected. However, you can still expect great results even when using exchanges with slightly higher fees, such as Bitfinex, Kraken, and Bitstamp. You can guess by now that hourly rebalancing performed the worst because it executed the most trades and, as such, incurred higher trading fees than other groups. The image above shows how well each threshold strategy performed with each trading fee versus a HODL strategy. Conclusions Periodic rebalancing performs best on exchanges with low trading fees. Daily rebalancing offers the best and most consistent results. The second best rebalancing group is weekly rebalancing, which isn’t affected much by increased fees. As expected, hourly rebalancing is the most affected group by trading fees. We conclude that trading fees ranging from 0.1% to 0.4% offer the best results for a portfolio utilizing periodic rebalancing. Exchanges that offer such trading fees include Binance, Bitfinex, Bybit, Bitfinex, Bitstamp, Kraken, Kucoin, Gemini, OKX, and Gate.io. We also conclude that periodic rebalancing outperforms HODL on all exchanges across all periodic frequencies apart from hourly rebalancing. To optimize your periodic rebalancing strategy, you will want to trade on an exchange with 0.1% trading fees. These exchanges tend to have the best liquidity, meaning there’s no reason to rebalance your portfolio on more expensive exchanges. Use Shrimpy to Your Advantage! The backtests and rebalancing strategies were carried out using our portfolio rebalancing tool, Shrimpy. Shrimpy is an automated portfolio management platform that helps you not only rebalance but also diversify your crypto portfolio. You can connect over 25 exchange accounts and wallets with Shrimpy and start rebalancing your portfolio right away. Shrimpy is one of the easiest-to-use rebalancing tools in the industry. Sign up now__ __ by clicking here.

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