Press Release: Monday, 4 May 2020, 11:00 CAT | Source: iCE3
iCE3 Exchange launched a feature called Repeats in which an investor divides up the total amount to be invested (buy or sell) across periodic purchases (daily or weekly) of a target crypto-asset, like Bitcoin, in an effort to reduce the impact of volatility on the overall trade.
The trades occur regardless of the asset’s price and at regular intervals; in effect, this strategy removes much of the detailed work of attempting to time the market in order to make trades of crypto-assets at the best prices. Although it is mainstream referred to as Dollar-cost averaging (DCA) – iCE3 Exchange calls it Repeats – it can also be referred to as Rand Cost Averaging or as the constant Rand plan.
Gareth Grobler, the iCE3 founder says “The Repeats feature allows a user to have more control over their exposure to Bitcoin and as a result, can manage their risk better.” Additionally, he said, “A user can take advantage of dips in the market and create more options to trade by averaging into the market.”
Eugéne Etsebeth, the iCE3X Exchange COO said: “iCE3 has provided a much needed automation tool. Now an investor can avoid making the mistake of making one lump-sum investment that is possibly poorly timed.”
The objective of iCE3 Exchange is to offer clients the best service to buy and sell (trade) cryptocurrencies and fiat pairs on a trusted exchange by integrating with numerous business partners including a cryptocurrency exchange platform provider, financial institutions, merchant services, wallets, custodial services, insurance and scratch cards in order to build an ecosystem around the iCE3 platform.
More details are available here: https://ice3x.co.za/dca-repeat-orders/
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This article is a Press Release received from iCE3. Global Crypto did not receive any form of compensation for its publication, and as this material is deemed newsworthy for the Southern African blockchain industry, it was thus published accordingly.