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NewsBTC 2022-03-03 17:43:54

Zignaly Secures $50M to Accelerate Global Adoption of Its Social Crypto Investment Ecosystem

Zignaly, a social crypto investment platform, announced on February 22 that it had secured $50 million from GEM Global Yield LLC SCS (GGY), a Luxembourg-based alternative investment group focused on emerging markets worldwide. Zignaly will use the capital to accelerate its global expansion. The crypto investment platform offers a variety of products and services that aim to make crypto investment accessible to retail investors. Its flagship product is Profit Sharing, which lets users choose from experienced traders and start trading on autopilot by copying their strategies. The concept shares similarities with the copy trading approach popularized by eToro and Robinhood with respect to stock and foreign exchange trading, but it goes one step further by imitating the pro traders’ strategies in real-time on crypto futures exchanges. The fees are paid exclusively from the profits – a business model that attracts many beginners. So far, more than 400,000 users worldwide have entrusted over $120 million on aggregate to 300+ expert crypto traders vetted by Zignaly. Nevertheless, these figures may not stay relevant for too long, as the platform adds new users at a pace of 100,000 per month. Zignaly CEO Bartolome Bordallo commented on the financing: “From the early days of Zignaly, it has been our goal to open up new pathways for regular investors to take better advantage of the crypto economy, by enabling the kinds of managed and hig...

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