Revolutionizing Crypto Trading and Passive Investment with Neverless
London, United Kingdom, September 16th, 2024, Chainwire
Three former Revolut executives have embarked on a groundbreaking venture by introducing Neverless, an innovative app that not only offers commission-free crypto trading but also features an automated passive investment account. This revolutionary platform aims to redefine the investment landscape and maximize returns for its users.
The Rise of Neverless: A Game-Changer in the Industry
Neverless’ team successfully secured $6.7 million in funding, marking one of the largest pre-seed funding rounds in European history. The company has strategically expanded its operations by registering as a Virtual Asset Service Provider (VASP) in multiple European countries, solidifying its presence in the market.
“We’re going after all the platforms that exploit their users with fees.” – Rita Riera, Director of Neverless Spain
Key Features of Neverless
- Zero deposit fees and zero trading fees for buying and selling cryptocurrencies
- Ability to deposit funds in Euros, a feature not commonly offered by major platforms
- Opportunity for some cryptocurrencies to generate daily interest automatically
Introducing ‘Strategies’: The Automated Investment Account
Neverless presents ‘Strategies,’ a market-neutral investment account designed to offer users automatic investment options with stability. Despite the disclaimer that past performance does not guarantee future results, ‘Strategies’ has demonstrated impressive average annualized returns of 12.81% in the past 90 days and 11.89% over the last 12 months. In a volatile crypto market, ‘Strategies’ aims to deliver consistent returns without being impacted by market fluctuations.
“Other platforms have similar products, but none offer the potential return or flexibility in terms of deposits and withdrawal as our ‘Strategies’ account.” – Rita Riera
The Technology Behind ‘Strategies’
Neverless leverages market-neutral automated strategies, previously utilized by large private investment funds, to provide users with access to this sophisticated technology without imposing a minimum investment requirement. The algorithm scans the market in real-time to capitalize on inefficiencies, such as minor price variations between exchanges. By buying cryptocurrencies on the cheaper exchange and selling them on the more expensive one, the algorithm generates stable returns without being influenced by market trends.
Putting Neverless to the Test
To validate the claim of zero fees, users can perform the same transaction on another exchange simultaneously. In a comparative test, a user executed a $10,000 transaction on another platform and Neverless, resulting in the other platform providing 1.49% less Bitcoin.
From Revolut to Neverless: A Journey of Innovation
Driven by a vision to address the shortcomings of traditional financial systems and the crypto industry, the founders of Neverless transitioned from their successful stint at Revolut to create a platform focused on transparency and cost-efficiency. The development team, comprising former Revolut employees, played a pivotal role in crafting the proprietary ‘Strategies’ algorithm, exclusive to Neverless.
Growth Trajectory and Future Prospects
Within a short span, Neverless has amassed thousands of users and exceeded $100 million in transaction volume. With its VASP registrations across multiple EU countries and a strategic focus on key markets like Spain, France, and Ireland, the company has firmly established itself in Europe. Future plans entail expanding into other European regions and penetrating the Latin American market, underscoring Neverless’ ambition to reshape the global crypto landscape.
About Neverless
Neverless stands out as the world’s premier crypto platform, offering fee-free crypto trading and access to cutting-edge automated hedge fund investment tools for high and stable returns. Founded by former Revolut executives, the platform raised a record $6.7 million in a pre-seed funding round and holds VASP registrations in various EU countries.
Contact
Rita Riera Pastalle
Director of Neverless Spain
rita@neverless.com
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Analysis:
Neverless’ emergence in the financial landscape represents a significant paradigm shift, offering users unprecedented access to fee-free crypto trading and innovative investment opportunities. The platform’s ‘Strategies’ account, with its robust performance track record and market-neutral approach, demonstrates a commitment to delivering consistent returns amidst market volatility.
By leveraging advanced automated strategies previously exclusive to institutional investors, Neverless democratizes access to these sophisticated tools, empowering users to optimize their investment portfolios without minimum investment requirements. The platform’s focus on transparency, user-friendliness, and cost-efficiency addresses key pain points prevalent in traditional financial systems and the crypto industry, setting a new standard for the sector.
With its rapid growth trajectory, strategic expansion plans, and a team of seasoned professionals from Revolut at its helm, Neverless is poised to redefine the global crypto market and establish itself as a frontrunner in the industry. The platform’s innovative approach, coupled with its commitment to user empowerment and financial inclusivity, underscores its potential to reshape the investment landscape and unlock new opportunities for investors worldwide.