This startup is trying to simplify crypto trading
11/22/2024 03:00Minotaur Trading Systems is attempting to make trading accessible, offering consistent strategies and customizable risk.
Trading success often hinges on experience and skill, but new technologies aim to make financial markets more accessible.
Roundtable anchor, Rob Nelson, explored this idea with Sebastian Raffaele, Chief Technical Officer at Minotaur Trading Systems, in a recent discussion about the potential of algorithmic trading tools to simplify investing for users of all expertise levels.
"That’s the beauty of this. It will remove the need for you having to do anything — order execution, managing risk — all that's going to be done," said Raffaele when asked if traders need to be highly skilled to use these systems effectively. He emphasized that the algorithm operates the same for every client, regardless of their trading experience, providing a consistent strategy while allowing for tailored risk settings.
This week, Bitcoin options began trading in the U.S., but many retail traders might not know how to effectively use them to manage risk or exposure.
Raffaele acknowledged that the markets remain unpredictable even for seasoned professionals. "There are still days where the market surprises me," he shared. "I sometimes wake up and feel like I’m a beginner." This unpredictability underscores the importance of tools designed to bridge the gap for traders at all levels in a space as complicated as crypto might be.
With Minotaur Trading Systems, the focus is on simplifying the process without sacrificing performance. "Your expertise isn’t going to matter," Raffaele stated, highlighting how this technology democratizes trading. "Whether you’ve read about bitcoin for 30 minutes or have been mining since 2009, the system works the same for everyone."