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Brazilian crypto kings head to EU with arbitrage trading platform

A São Paulo-based cryptocurrency trading company is heading to European shores after amassing 11,000 customers and $35 million in assets under management.

Atlas Quantum allows customers to invest in Bitcoin and cryptocurrencies without having to keep their eyes glued to exchange rates. Using APIs, the company constantly monitors prices and trades where a profit is to be made.

The profit distribution is daily, so the balance is updated once a day according to the performance of the system. Every day profits are distributed and reinvested on the platform.

Bruno Peroni, director of investor relations, says that the platform is the closest to high-frequency trading you can get in the crypto game. “It’s obviously slower than what you would find in traditional markets,” he said, “but it’s still less than a second and a small exposure window.”

Atlas Quantum’s platform has been active for around two years, and has an average profitability of between 2% and 3% per month.  In 2017 the company has a cumulative profit of 39%. It claims to not have had a single day of loss since its foundation.

“Most of our customers they only want to be positioned in Bitcoin, they want to hold it. Ours is a low-risk strategy, we only trade when there is an opportunity for profit.” Peroni added that since there are a lot of people doing what Quantum is doing, Atlas usually does it a lot faster.

“A lot of people are mentioning quotative trading right now but very few are actually doing anything with it, and we’ve been doing this for a long, long time.”

There are no fees to use the platform at the moment, though the firm does do a half-way split in profits from arbitrage operations. “We only win if the customer wins, too,” the firm states on its website.

Atlus is now expanding to other countries, and has its eyes on Europe and the client side. Many wealth managers are having to deal with their clients asking to invest in Bitcoin and cryptocurrencies, but are wary of the risk. Quantum, believes Peroni, can be a solution to that dilemma.

“We’ve met a lot of them already [at Money20/20 Europe in Amsterdam] because we’re now going institutional. We started in retail and grew a lot in retail in Brazil but now we want to get into new markets like Europe and Asia – more mature markets where people are used to owning a wallet.”

The firm doesn’t have a date yet, but is looking into the possibility of opening an office in either London or Switzerland, as well as perhaps setting up a fund.

Discussions at Money20/20 have been productive, said Peroni. “People really like the product, and I think it’s because it’s great for people who want to hold onto their digital currency. We’ve had a few institutional investors asking us for more, and that’s why we’re here.”

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