Alisa Davidson
Printed: December 24, 2024 at 2:04 am Up to date: December 24, 2024 at 2:04 am
Edited and fact-checked:
December 24, 2024 at 2:04 am
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Gate.io launched the Prometheus System, a danger management resolution designed to reinforce security measures for customers participating in copy buying and selling.
Cryptocurrency trade Gate.io launched what it describes as the primary danger management system designed particularly for copy buying and selling leaders, often called the Prometheus System. Developed with requirements corresponding to these utilized in quantitative fund-level danger administration, the system goals to reinforce security measures for customers collaborating in copy buying and selling. This introduction represents a notable development in managing dangers inside the cryptocurrency market.
Copy buying and selling has gained reputation amongst cryptocurrency traders lately as a result of it gives an easy and versatile strategy to buying and selling. By replicating the methods of skilled merchants, sometimes called copy leaders, customers can discover potential revenue alternatives. Nevertheless, this buying and selling mannequin carries sure dangers, together with publicity to excessive leverage, impulsive buying and selling practices, and restricted transparency, all of which can lead to substantial monetary losses for customers pursuing larger returns.
Gate.io, as a acknowledged participant within the trade, acknowledged these challenges and utilized its technical experience to create the Prometheus System. This technique addresses a essential hole out there by offering enhanced safeguards for customers, notably in managing the uncertainties and fluctuations inherent to cryptocurrency buying and selling.
Prometheus System Options: Clever Threat Management Throughout Whole Buying and selling Course of
The Prometheus System is a classy danger administration framework designed to reinforce security and transparency for copy buying and selling customers. It incorporates clever monitoring, adaptable configurations, and clear reporting to ship a danger administration expertise aligned with quantitative fund-level requirements. The system operates via three distinct layers of management to safeguard consumer investments.
One key function is Leverage Limits, which dynamically alter the utmost leverage out there primarily based on the copy chief’s capital scale and buying and selling pairs. This proactive strategy reduces the chance of liquidation occasions brought on by extreme leverage, successfully addressing dangers at their origin and defending customers.
The system additionally consists of Actual-Time Leverage Monitoring, enabling steady oversight of buying and selling actions. If a duplicate chief engages in dangerous habits, equivalent to scaling positions irresponsibly whereas incurring losses, the system intervenes by proscribing additional actions. This measure helps protect consumer belongings by stopping compounding dangers.
Moreover, the Web Worth Drawdown Cease-Loss function provides one other layer of safety. When a duplicate chief’s web worth drawdown reaches a pre-set restrict, the system enforces a full-position stop-loss. This mechanism mitigates dangers related to extended or deliberate position-holding and ensures truthful safety for all customers, no matter after they started collaborating in copy buying and selling.
The Prometheus System additionally gives real-time, clear information experiences, enabling customers to repeatedly monitor their buying and selling actions and danger administration standing. This function improves buying and selling visibility, instills consumer confidence, and encourages extra knowledgeable decision-making.
The system is designed to empower on a regular basis traders to take part within the cryptocurrency market with out the burden of high-risk buying and selling practices. Concurrently, it delivers complete danger administration choices to institutional traders and high-net-worth people, addressing their distinctive necessities.
By mitigating buying and selling dangers, the Prometheus System fosters a extra standardized, clear, and reliable cryptocurrency buying and selling surroundings. This innovation not solely prioritizes consumer security but in addition strengthens belief within the broader cryptocurrency ecosystem.
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About The Writer
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
