Solidi, said to be the first crypto exchange in the UK to be registered with the UK Financial Conduct Authority (FCA), has partnered with AlgoDynamix.
AlgoDynamix, founded at Cambridge University, is an analytic firm that was originally launched to provide fund managers, investment banks and more with predictive data designed to anticipate price moves before they happen. Now AlgoDynamix is taking its technology and applying it to crypto.
Jeremy Sosabowski, Ph.D. (Cantab) – CEO at AlgoDynamix, stated:
“We are looking at the best of the best here with two Cambridge Deep Technology companies combining their offering to create a unique investment service which brings crypto-sized returns with much lower risk to the masses.”
In a company statement, Solidi explained that Crypto Baskets puts AI investing strategies in the hands of all investors without any additional fees.
Jamie McNaught, CEO Solidi, said that in recent years customers have been asking if they should purchase crypto and if so – when?
“The Crypto Basket answers both these questions. Solidi is pleased to announce that we have partnered with fellow University of Cambridge-supported firm AlgoDynamix to provide a solution that uses industry-leading artificial intelligence (AI)“
AlgoDynamix has been providing price forecasting analytics to institutional and HNW, but now the technology is being made available to individuals that utilize Soldi.
Solidi became a fully registered as a CryptoAssets business with the FCA in August 2021. Solidi is limited in the cryptocurrencies currently available for trading with Bitcoin, Ethereum, Litecoin, and Ripple offered for investors.
