'Intelligent Trading': Crypto Platform Offering Intuitive Tools Teams Up With Binance

A platform that says it offers an intelligent and faster way of trading cryptocurrencies has announced a collaboration with Binance, the largest crypto exchange in the world.

The company claims it is the world's first crypto platform to offer "Bracket Trading" across global exchanges - a tool that brings together buy price, sell price and stop loss into one place for individual traders.

As well as enabling traders to receive live status updates about their brackets, the software helps them to keep track of daily earnings.

Ankitt Gaur, the founder and CEO of Koinfox, told Cointelegraph: "The crypto community has seen in the past, huge gains and vis a vis downfall of various crypto assets which makes them as one of the most volatile asset class as on today. This puts it in a high risk and high gain class of assets. The mission of Koinfox is to help crypto investors trade profitably by enabling them to execute better decisions using our intelligent trading platform."

The platform says it has enjoyed "Significant acceptance and adoption by the global crypto trading community," attracting more than 25,000 users in a matter of weeks since its launch.

Along with its intelligent trading tools, the company enables consumers to easily trade on a multitude of exchanges in one place.

A multichain wallet helps users to "Store, earn, trade and spend any digital currency." Available to download for Android - while the iOS version will be released soon - Koinfox says its wallet has been built using "Best-in-class security protocols" and can be used to store Exchange API keys in a decentralized and secure manner instead of storing them on a central database, unlike other similar tools, the team says.

Further intelligent tools are set to launch in the future, including margin trading, mirror trading and derivatives.

Brackets explainedAccording to Koinfox, bracket trading gives users "The power of much increased leverage with increased protection" and helps ensure that profitable positions do not transform into losses.

Koinfox, which is headquartered in Australia, says it enables its users to try bracket trading through a simulated platform, where dummy tokens allow new traders to try out their strategies and see how they would have performed in a live environment.