Investment Services News

Bear Market Conditions Lead to Investors Surging to Stocks and Crypto Investment Platform Streetbeat

Bear Market Conditions Lead to Investors Surging to Stocks and Crypto Investment Platform Streetbeat
Streetbeat’s client base has increased by over 120% in June, with over 90,000 registered users

Difficult financial trading conditions across the board have contributed to a huge surge in clients for Streetbeat, an easy-to-use investing and trading platform with diversified investment strategies that help spread risk and reduce volatility shown in both stocks and cryptocurrencies.

Latest Fintech News: Annual Review of MUFG Green Deposit Framework Completed

In June 2022, Streetbeat, an SEC registered investment adviser, saw a 120% increase in new clients, taking its total client base to over 90,000 just five months after launch. Streetbeat is designed to offer growth opportunities through a combination of professional, data-led strategies, auto trading algorithms, and access to hundreds of worldwide top stocks and leading cryptocurrencies strategies with Streetbeat Digital.

Latest Fintech News: BankiFi Expands Operations into North America

Damián Scavo, CEO of Streetbeat, said:

“The Streetbeat platform is designed to outperform the market through its usage of unique proprietary auto-trading strategies. This really stands out in bear markets like we’re in at the moment, with many of our clients able to maintain the value of their portfolios when other retail investors have reportedly suffered sharp losses. Our business model of providing a mixture of stocks, crypto, and defi all on one platform, means that clients can ride this period of instability much more successfully. On average, this quarter our clients have seen a growth of 2.2% in crypto strategies or losses of 3.3% in stock strategies, compared to an SP500 drop of 16.6%, Nasdaq drop of 22.7%, Bitcoin drop of 48%, and Ethereum drop of 63%.”

Streetbeat is available in 30 countries. Its massive new client growth has come from around the world. Streetbeat offers up to $10,000 in deposit bonus for new customers by downloading the Streetbeat app. Streetbeat also offers $3 to $3,000 dollars when you invite a friend to the platform.

Latest Fintech News: Nickel Digital Arbitrage Fund Cuts Crypto Volatility by More Than 20X

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Howard Bank Selects KlariVis Data Analytics Platform to Close Data Gap

Fintech News Desk

Droit and FINBOURNE Partner to Deliver End-to-End Position Reporting Solution

PR Newswire

Duality Technologies Joins The Financial Data Exchange (FDX) To Help Accelerate Privacy-Preserving Data Sharing in the Banking Industry

Fintech News Desk
1