Crypto.com is launching a copy-trading platform, enabling users to automatically mimic the investment strategies of well-known financial figures. The upcoming feature is geared towards making stock market investments more accessible to everyday users.

The new copy-trading functionality on Crypto.com will allow users to replicate the portfolios of leading investors without requiring any premium subscriptions or additional fees.

Through the app, users can now directly follow the investment moves of prominent figures and “whales” in the financial world, including names like Warren Buffett, Nancy Pelosi, Dan Meuser, and Bill Ackman, among others.

Crypto.com Offers Copy-Trading for Investment Funds and Public Officials

The trading and fintech app has curated a list of 11 influential investors in the stock market, chosen for their market experience and public recognition. The copy-trading option extends to portfolios of individuals like Jensen Huang, Bill Gates, Brad Gerstner, David Tepper, Dan Meuser, Paul Singer, Dan Crenshaw, and Josh Gottheimer.

These “investment baskets” mirror the publicly disclosed holdings of each investor. Crypto.com bases its stock selections on the 13F filings, which are mandatory for investors managing over $100 million in assets.

The stock picks of politicians are compiled using data from the Stop Trading on Congressional Knowledge (STOCK) Act, which requires members of Congress and other government officials to report securities trades exceeding $1,000 within 45 days.

There may be a delay between the actual trades and the basket allocations, but Crypto.com aims to provide the most up-to-date information possible. Each investor has a unique approach, focusing on different types of stocks and trading strategies. Traders on the app will be protected through the Securities Investor Protection Corporation (SIPC).

Crypto.com will facilitate onboarding using both traditional currency and cryptocurrencies. The trades will represent direct stock ownership, not tokenized versions of shares.

Crypto.com Focuses on the US Market

These investment baskets will be accessible to users in the United States, with shares provided through FINRA-registered Foris Capital US LLC. The copy-trading feature will exclude complex strategies like options and short selling.

The app may experience delays in displaying all portfolio holdings and may not reflect intricate investment tactics, private transactions, or other decisions. Portfolio updates may lag by up to 45 days due to official reporting requirements, which could mean there are significant changes to the investment baskets at the time of the update.

The target audience for this new feature is retail investors, who can invest with as little as $50. Users can fund their investments using either fiat currency or cryptocurrency reserves within the Crypto.com app. Crypto.com will not charge commission fees on stock basket purchases or subscription fees.

Basket orders will be placed as market orders and denominated in US dollars. For crypto payments, the user’s crypto assets will be converted to USD, and those proceeds will be utilized to place a stock order. Outside US stock market trading hours, orders for the baskets will be queued.

Traders can also choose to sell a percentage or a specified dollar amount from each basket, but they must wait for the prior order to complete before initiating a new trade. Users will receive notifications of any changes to the tracked investors’ portfolios and can choose to maintain their current allocations or implement the updated portfolios using the app’s editing tool.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Share.