Blockchain Australia Solutions To Expand Crypto-trading By Partnering With FinTech Startup Mudrex

Blockchain Australia Solutions, a leading agency in blockchain application in Melbourne, recently announced its partnership with Mudrex — a trading strategy builder in an attempt to expand cryptocurrency trading to a larger audience.

Automated Trading System

According to a press release, Mudrex will implement automated trading programs for people with less knowledge on the topic. The plan is to bring more people to crypto-trading is by allowing experienced traders to build their trading algorithms and adding them into Mudrex Invest. Likewise, traders can test their algorithms based on historical data, then integrate them into crypto exchanges.

This way, people will only need to pay a monthly subscription for a strategy already developed. Traders can exchange directly without having to expend money through an API key-based integration with Bitmex and Binance.

“There are millions of traders who are trading manually just because, for individual traders or small prop shops it is super difficult to build the whole automated trading infrastructure as it requires coding skills in multiple programming languages, a good understanding of databases and building scalable systems as it is computational heavy. This itself can cost an individual trader or prop shops up to $100,000 and 6 months of efforts to build the system from scratch.”

Stated Rohit Goyal, CEO of Mudrex.

Blockchain Australia Solution has developed its blockchain services and covering several aspects in the fintech area, like smart contracts, automated billing systems, and blockchain POC (proof of concept) systems.

Now the Melbourne-based blockchain agency aims to bring a broader audience to the crypto-trading space by simplifying many of the aspects seen as complex for non-programmers.

Using cryptocurrencies has been requiring too much knowledge about the coding that goes behind it, making it unavailable for the common masses who are not programmers. Moreover, building a reliable infrastructure for trading has also been extremely expensive and time-consuming, which cannot be afforded by everybody. 

Stated the company in a press release.

Both companies expect greater growth with this new alliance. Mudrex has several partners in the fintech area — and has more than 5000 investors who have traded over $200 Million.

This is the main motivation for Blockchain Australia Solutions is partnering with this trading platform, Mudrex. With its various partners in other fintech and software firms, the company will bring a unique value to the trading platform, which will only help both of them to grow further.

José Oramas

José Oramas

José is a journalist and translator with a keen interest in blockchain and cryptocurrencies.

You may also like