A Spanish startup creates an algorithm that automates investments in the cryptocurrency market

There are currently more than 7,000 currencies in the technology market and more than two trillion dollars are being moved around the world, according to the Coinbase trading platform. Amazing data that led to the first version of an algorithm to automate capital investments in the cryptocurrency market.

This idea was born in 2018 thanks to the talent of Miguel Pagán, Paula Páez and Gonzalo del Cerro, three telecommunications engineers. For the first contact they carried out a test with their own funds, since afterwards, began to invest the profits obtained in the start-up Madrid call CryptoTechFin.

Miguel Pagán, CEO of the company, explains that “The goal is to make it easier for any retail investor to manage their digital assets using our software, simplifying the use of algorithmic technology to invest in cryptocurrencies.”. The trading tool uses science and big data to deal with the instability of the cryptocurrency markets.

The ban became effective yesterday and will last until September 22.

CryptoTechFin’s proposal has caught the attention of Lanzadera, the business accelerator that is promoted by Juan Roig. The partners hope to quickly consolidate the business modelAlthough for the moment, their short-term objectives are focused on finding sources of financing to strengthen the company.

The product was launched on the market during the health crisis that occurred last year, and for now, they continue to maintain exponential growth despite the fact that they have not carried out any marketing strategy.

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