French asset manager Napoleon Group has issued a crypto investment strategy on online trading platform, eToro.
NapoleonX Copy Portfolio, as it is known, will aim to give retail investors access to a professional trading strategy for cryptocurrency, providing a regular yield while reducing the bite of the notorious volatility.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataNapoleon Group is the first company in France to become a regulated crypto asset manager, and “aims to become the new Blackrock for the crypto world”.
The new CopyPortfolio will offer retail clients the opportunity to take advantage of Napoleon’s French-regulated asset manager’s bot-based solution, a statement from eToro has said.
“Crypto markets are volatile and this might be off-putting for some investors,” says Stephane Ifrah, CEO of Napoleon Group.
“That’s why we are eager to share our solutions with more people.
“Our strategy, historically, has enabled people to participate in the crypto bull run while limiting the downside in more turbulent markets.”
Napoleon Capital received investment from French banking giant BNP Paribas in mid-April.
Napoleon’s principal focuses are quantiative trading and blockchain technology, harnessing trading bots to construct long-term algorithmic strategies.
eToro and Napoleon crypto solutions
eToro describes itself as a social trading platform, enabling people to invest in assets, from stocks and commodities to cryptocurrencies.
“I am delighted that asset managers like Napoleon Group want to work with eToro via our range of Partner CopyPortfolios,” says eToro CEO, Yoni Assia.
“Our Partner CopyPortfolios are about making it as easy as possible for investors to tap into the strategies of professional asset managers and traders.”
This news comes shortly on the heels of eToro’s launch of eToroX, a regulated venue for the trading of cryptocurrencies.
“eToro is a major actor amongst the online trading community,” Ifrah adds.
“Launching a dedicated solution on their platform is a great addition for our community.”