How We Traded $250 Million In Cryptocurrency
Ten months ago, Shrimpy went from managing $0 to $1,000,000 in just one month. This was a great accomplishment for our small team of 3. At the time, we could also tell that the crypto market was heading into a downturn after the initial bull run ran out of steam. Regardless, we continued to make progress in developing our consumer product. Today, the team still remains lean at just 5 members, but we’ve achieved many accomplishments along the way. But before we go into detail, we again would like to thank everyone for supporting us. We appreciate the great feedback and the community that we’ve built together with you!
We again would like to thank everyone for supporting us. We appreciate the great feedback that we’ve received and the community that we’ve built together with you!
Shrimpy.io began with the premise of providing cryptocurrency traders with a means of automating their portfolio strategy. Along the way we discovered other opportunities for the infrastructure we are developing. This infrastructure is not only valuable to us but everyone who wants to build applications which execute trades on crypto exchanges. Using our newly released APIs, anyone is capable of building an application like Shrimpy… Or one even better.
While the rest of the industry tries to milk customers by luring them to expensive subscription products with little value, Shrimpy is offering a premium product and service at no cost. We understand that our users are at the forefront of crypto adoption, and our goal isn’t to make money off you. We want to empower you with the tools to pursue your own personal independence.
$250 Million in Executed Trades
$250 million is a lot of money. Enough for fancy clothes, a mansion on a mountaintop, and enough Lambos and Teslas with your own race track. That’s what many people imagine when they think crypto and money. But the Shrimpy team has a different take on what $250 million entails.
In under 9 months, Shrimpy managed to achieve $250 million in trading volume across 6 different exchanges. Two weeks and 6 more exchanges later, Shrimpy now supports 12 different exchanges which will continue our trend of rapidly growing trading volume. This amounts to millions of trades endlessly executing across our exchanges. It requires one of the most advanced trading infrastructures developed in the crypto community to support our users and ensure a stable experience with Shrimpy. Months of endless hard work pay for themselves when we hear the excitement from our users every time we push the bounds of what is possible in crypto trading.
We expect to see a rapidly growing trend in terms of trading volume and are accordingly prepared to support the increased load while providing seamless trade execution through our advanced infrastructure.
The crypto winter may still be thawing out, but we have no plans for slowing down. Our monthly volume tells this story.
Monthly Volume
Shrimpy’s monthly trading volume has been quickly growing. Since Shrimpy first launched in May 2018, we’ve now seen a 9x increase over the course of 9 months.
In the last month, Shrimpy’s trading volume grew by a surprising 22%. As we continue to add exchanges, we can see that trading volume is also ramping up accordingly. It’s very straightforward — the more exchanges we integrate, the quicker our trading volume grows.
Where We Stand
As of today, Shrimpy has integrated 12 different exchanges. These include Binance, Bittrex, BitMart, Coinbase Pro, Kraken, Poloniex, KuCoin, Bibox, Huobi, Huobi Pro, HitBTC, and Gemini. The list is growing and all of these exchanges are available for direct interfacing using our Universal Crypto Exchange APIs.
Where We Are Going
The market has been dreary these last few months. Companies are folding, teams are collapsing, and projects are running out of capital. Yet, the future is bright for Shrimpy. A new wave will come bringing countless opportunities in the crypto trading market. Not only will portfolio management applications like Shrimpy evolve, so will the tools they use to build these applications.
Over the next 12 months we plan on supporting an additional 24 exchanges. While this may sound like a stretch for such a small team, our mission is to become the Universal Crypto Trading API. The first step in accomplishing this vision is to support every major exchange in the industry.
With Shrimpy’s APIs, developers finally have access to the tools they need to build incredible applications on top of exchanges. Whether it’s taking advantage of our industry-leading rebalancing algorithms, allowing individual trade execution, or pulling user account information for conveniently monitoring an exchange account. No more hassling with each exchange, maintaining countless servers, or trying to scale with limited resources. Shrimpy scales with you. No pressure, no problems. Integrate exchanges on the fly and focus on the features that are most exciting to you. Whether you want to integrate data, account management, or a full trading application, the Shrimpy developer APIs are the answer.
Moving further into 2019, our team has set out to reach $2 Billion in trading volume. That’s right-$2 Billion. It’s a tall order for such a small team, but that hasn’t stopped us in the past.
Our future is won by the things we do every day.
Shrimpy for Developers
Shrimpy’s mission is to facilitate developer activity and build a platform which connects global exchange and liquidity markets together. Shrimpy’s Universal Exchange API was created as a hosted solution to address major developer roadblocks in Trade Execution, Product Scalability, and User Management. With Shrimpy’s API in hand, developers are empowered to create new and innovative services that will shape the future of the crypto space.
About Shrimpy
Shrimpy is an automated crypto trading & portfolio management tool that lets users automate their cryptoasset portfolio strategy like a traditional index fund.
Shrimpy for Consumers
Users are able to configure a custom cryptocurrency portfolio and implement a passive management strategy, removing the hassle of having to actively trade crypto.
The core version of Shrimpy includes complete automated trading, indexing and rebalancing features for ALL users. Shrimpy also offers a monthly premium subscription for $8.99/month. The premium subscription includes:
Shrimpy Social: Follow, communicate, and share strategies with other Shrimpy traders.
Shrimpy Insights: Learn how other Shrimpy users are constructing and managing their crypto portfolio.
Advanced Backtesting: An robust backtesting tool for evaluating custom cryptocurrency portfolio & strategies.
Shrimpy Web Application: Shrimpy - Cryptocurrency Portfolio Management
Shrimpy’s Crypto Trading API for Developers
Beyond the consumer app, Shrimpy also offers a Trading API for developers looking to integrate scalable exchange trading functionality into their app.
Shrimpy’s Universal Exchange API was created as a cloud-based solution to address several crypto developer roadblocks including Exchange Trading, Product Scalability, and User Management. With Shrimpy’s API in hand, developers are not limited in scope when it comes to creating the next era of groundbreaking products that will shape the future of crypto.
Shrimpy’s API is a cryptocurrency trading API that is readily compatible with all of the following exchanges and their API endpoints: Binance API, CoinbasePro API, Bittrex API, Kraken API, Gemini API, Poloniex API, Huobi API, KuCoin API, Bibox API, BitMart API, and HitBTC API. Instead of having to manage all connections to every exchange, users can simply leverage Shrimpy’s existing crypto exchange trading infrastructure and focus on actual product development.
Shrimpy Crypto Trading API: Shrimpy | Crypto Trading APIs for Developers