The PRWIRE Press Releases https:// 2019-11-04T23:12:46Z Independent Reserve launches AutoTrader to allow customers automated rules for trading crypto 2019-11-04T23:12:46Z independent-reserve-launches-autotrader-to-allow-customers-automated-rules-for-trading-crypto Australia’s leading cryptocurrency exchange Independent Reserve has announced the launch of a new platform feature called ‘AutoTrader’. AutoTrader allows customers to execute automated trading strategies.   The first automated strategy released with AutoTrader is called ‘AutoBuy’. AutoBuy allows customers to automatically purchase their preferred cryptocurrencies once money is deposited into their account. Independent Reserve is the first order book exchange in Australia to release this feature.   Adrian Przelozny, CEO and founder of Independent Reserve said the new AutoBuy feature, coupled with scheduled bank transfers, would allow customers to Dollar Cost Average (DCA) their cryptocurrency purchases.   “The launch of AutoTrader is a significant milestone for Independent Reserve. As the name suggests, the feature will allow customers to set automated rules and strategies for trading cryptocurrency. It’s been a popular request from our customers for some time now, and we’re proud to be the first Australian exchange to launch a valuable service like this.”   “Enabling our customers to dollar cost average their purchases will bring many benefits. Firstly, it means our customers don’t have to worry about trying to time the market when they make a purchase, which can be a big barrier to entry for new cryptocurrency investors in particular.”   “Autotrader allows users to buy smaller parcels of cryptocurrency at regular intervals, for example daily or weekly or monthly. This limits their exposure to price fluctuations, especially compared to customers that may enter the market in a large way, and then see the market move against them.Finally, we allow our customers to set spend and price limits which will reduce the burden on investors to keep up with price fluctuations, instead the AutoBuy feature will make sure they get what they want at the right price, without going over budget.”   While AutoBuy is currently the only strategy available on AutoTrader, Independent Reserve plans to add more in the coming months.   “This feature is something that many of our clients have been calling for, so I’m extremely pleased to be making this announcement. But we’re not stopping there. We’re actively reaching out to our userbase on which strategies they want to see next and welcome their feedback via IR’s social and customer support channels.”   Founded in 2013, Independent Reserve has built a proprietary, institutional grade trading platform to allow Australians to buy, sell and invest in Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and other digital currencies.   It was recently awarded Digital Currency Exchange of the Year at the Australian Blockchain Industry Awards and ranked in the 2019 Australian Financial Review’s Most Innovative Companies list.   Independent Reserve currently has over 100,000 customers across Australia and New Zealand, and services around 8,000 self-managed super funds (SMSFs).   The cryptocurrency exchange has also been working closely with various Australian regulatory bodies including AUSTRAC to formulate AML/CTF regulatory frameworks for the industry.   Australian finance industry heavyweights Mike Tilley (ex -CEO of Challenger Financial and Chairman of Latitude Financial), Martin Rogers (KTM Ventures) and Steve James (Seer Asset Management) are investors and board members of Independent Reserve.   For more information on Independent Reserve, visit www.independentreserve.com Smart Money Floods Into Crypto 2019-10-08T23:43:18Z smart-money-floods-into-crypto Key highlights: -        The 45+ age group jumped from 22% of overall users in 2017 to 29% in 2019 -        There’s been a large down shift (as a percentage) from Gen-Z/Millennials to Gen-Xers -        While participation from post millenials (18-24) dropped by 2% from 2017 to 2019, retirees (65+) jumped by 2% -        Trading activity has doubled among retirees (65+) since January this year Changing demographics   While millennials are often touted as the most ‘tech-savvy’ of the generations, Gen-Xers and Baby Boomers are catching up when it comes to getting amongst the crypto action.   Adrian Przelozny, CEO and founder of Independent Reserve said the platform’s latest data revealed that the average crypto investor is transforming from early technology adopters to forward thinking investors.   “When we first launched Independent Reserve in 2014 the majority of users trading on our platform were relatively young technology adopters and libertarians. Now we’re steadily seeing the average age of our customers increase. The 45+ age group now accounts for almost 30% of users on our platform. In 2017, this was just 22%.”   Why the shift?   Commenting on the generational shift, Mr Przelozny said that it was getting easier and safer to enter the cryptocurrency space.   “Now that regulators are actively involved in the crypto space, confidence levels are starting to rise. Smart money can see that the industry is growing and is here to stay. Those who want to diversify their portfolios are looking at cryptocurrencies as an asset that’s typically not correlated to what’s happening in the economy, for example the property and stock market.   “We were the first crypto exchange to offer insurance coverage to our clients - we rolled this out earlier this year. This insures our users against theft or loss of any cryptocurrency that is held in an Independent Reserve trading account.”   A case in point   After reading about cryptocurrency in the media, doing his research, and speaking with friends, *Richard, a 72-year-old based in Adelaide, decided to make his first investment. That was just over three months ago.   “So far I’m happy with the investment I’ve made and I’m enjoying following the market. While I monitor the prices almost daily, I’m definitely in it for the long-term investment. I see the cryptocurrency space as being revolutionary in the financial world,” said Richard.   “I absolutely understand the hesitation that some people, particularly from my generation, have about the cryptocurrency market. It can be a volatile space. What concerns me most is the fact that knowledgeable people can set up their own miners to manipulate the market.”   “I’d strongly encourage anyone who’s thinking about investing in the space to do their research and due diligence. I’m personally most interested in the Ethereum currency because it’s focused on contracts, not just money.”   Richard also said that he wasn’t the only one within his circle of friends to have invested in cryptocurrency.   “A close friend of mine has also recently invested because he too sees the value and opportunities it brings.”   Founded in 2013, Independent Reserve has built a proprietary, institutional grade trading platform to allow Australians to buy, sell and invest in Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and other digital currencies.   It was recently awarded Digital Currency Exchange of the Year at the Australian Blockchain Industry Awards, and ranked in the 2019 Australian Financial Review’s Most Innovative Companies list.   Independent Reserve currently has over 100,000 customers across Australia and New Zealand, and services around 8,000 self-managed super funds (SMSFs).   The cryptocurrency exchange has also been working closely with various Australian regulatory bodies including AUSTRAC to formulate AML/CTF regulatory frameworks for the industry.   Australian finance industry heavyweights Mike Tilley (ex -CEO of Challenger Financial and Chairman of Latitude Financial), Martin Rogers (KTM Ventures) and Steve James (Seer Asset Management) are investors and board members of Independent Reserve.   For more information on Independent Reserve, visit www.independentreserve.com   ENDS   *For privacy reasons, Richard doesn’t wish to list his last name.   Data methodology Statistics were pulled from Independent Reserve’s database from January 2017 until August 2019