As well as conventional assets such as equities, the company intends to extend its operations into the emerging area of Decentralised Finance (DeFi), reports Finance Feeds. In addition to Fitbit creator James Park and Twitch founder Kevin Lin, the fintech company has received support from a number of well-known technology entrepreneurs and investors, including Naval Ravikant, who is an investor in the fund. Co-founder of Coinrule, Gabriele Musella, commented on Coinrule joining the YCombinator S21 cohort:
The Coinrule ethos
Coinrule was established in 2018 by Gabriele Musella, Oleg Giberstein, and Zdeněk Höfler to assist cryptocurrency investors in developing and testing automated trading strategies for their assets. Everyone may benefit from trading techniques and models that are usually only available to investment banks and hedge funds. Nowadays, Coinrule is able to provide algorithmic trading to retail customers without requiring them to write a single line of code. The site provides four plans, one of which is completely free; the other three are charged on a tiered basis, with the Hobbyist, Trader, and Pro plans being the most expensive. Musella added: It’s worth noting that, cryptocurrency exchanges including Coinbase, Binance, Kraken, Bitstamp, and other global crypto exchanges have already partnered with Coinrule, which is positioning itself as a link between the old and new worlds of finance by providing an automated SaaS trading solution across all assets and platforms. [coinbase]
