• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • KTO
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Blockchain

HEYBIT: The automated app by South Korea-based startup UPRISE Inc. that makes cryptocurrency investment easy   

James Jung by James Jung
February 11, 2021
in Blockchain
2
HEYBIT: The automated app by South Korea-based startup UPRISE Inc. that makes cryptocurrency investment easy   

HEYBIT makes cryptocurrency investments easy.

0
SHARES
411
VIEWS
Share on FacebookShare on Twitter

The year 2020 saw a tremendous rise in cryptocurrency transactions and the rally continuing this year as well. With more institutional investors showing interest in digital assets, many experts and analysts, now wonder whether cryptocurrency is set to become an asset class of its own in the future? So will it need focussed trading and dedicated investing? Korean startup UPRISE Inc. does believe that the future belongs to cryptocurrency assets. UPRISE aims to become the market leader by building a trustworthy crypto investment service. 

The Korean startup has developed a blockchain robo-advisor cum proxy investment service platform HEYBIT for crypto assets. Its platform offers automated trading solutions for individual investors. HEYBIT has been made available for global audiences since April 8, 2020.

How does HEYBIT work? 

If you are interested in the cryptocurrency market and want to dip your fingers in investing in this digital asset, then HEYBIT might be helpful. The app can be downloaded from Google Play Store, and though it is still not available for iOs users, the startup’s working to get it started. 

In HEYBIT, all you need to do is link your crypto exchange account, and you’re good to go. Everything else is automated. HEYBIT’s trading bot monitors the crypto market 24/7 and automatically trades for the user when the algorithm sees positive market entry signals based on data analysis. HEYBIT’s strength lies not only in its stable performance but ultimately in its risk management in the highly volatile cryptocurrency market.

Strategy to make the most of the market 

HEYBIT’s crypto trading bot is based on quant strategy. UPRISE strives to provide easy access to alpha (active return) through HEYBIT. Alpha(α) signifies a strategy’s ability to beat the market or create excess return. Easy access means high usability and offering psychological stability in investment by not making users take too much risk. 

Through HEYBIT, UPRISE finds sustainable investment strategies to earn it through constant trials and errors without relying on sheer luck or taking excessive risk. With its new strategy ForeFront(FF) UPRISE wants to seek the alpha at the very front of the bull markets. The FF strategy also takes form of “performance fees” where fees for using HEYBIT are only charged if there is profit. The charge for HEYBIT is 25% of the profit every 180 day period deducted automatically from the account. But if there is no profit, then no fee is charged at the 180th day.

Current performance & future plans

HEYBIT is currently supported in four crypto exchanges (Binance.com, Liquid, Upbit, Bithumb) and invests in six cryptocurrencies – BTC/ETH/XRP/BCH/EOS/BNB, and may vary by exchange. has achieved $2 billion in trading volume. Launched in 2018, the robo-trading service has achieved $2 billion in trading volume. Despite the market downturn due to COVID-19 pandemic, HEYBIT showed stable performance with 10.2% YTD compared to S&P500’s – 4.0%. HEYBIT has over 4500 investors using it service and the startup expects more investments as the cryptocurrency prices increase.  

Also Read, 

  • Korean blockchain expert firm Hashed’s 2021 predictions for Blockchain & Crypto Market 
  • Rise of Bitcoin: Korean banks getting into ‘Crypto’ asset management business 
  • Korean startup HivvLab Inc’s cryptocurrency payment system PayCrypto gets upgraded to Ver 1.1
  • American multinationals lining up to bid for Korean cryptocurrency exchange Korbit
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Automated TradingCryptocurrencyHEYBITRobo-AdvisorTradingUPRISE
Previous Post

Global Online dating company Match Group to acquire Korean startup Hyperconnect

Next Post

These Korean home service startups help keep homes swanky, clean & well-maintained 

Next Post
These Korean home service startups help keep homes swanky, clean & well-maintained 

These Korean home service startups help keep homes swanky, clean & well-maintained 

2 1 vote
Article Rating
Subscribe
Login
Notify of
Please login to comment
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
No Result
View All Result

Follow Us

FREE NEWSLETTER

Ecosystem Partners




PRODUCTS

Most Popular

  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    1 shares
    Share 0 Tweet 0
  • Korean startups to showcase technological proficiency at CES 2023 from January 5 to 8 in Las Vegas 

    0 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Korean webtoon ‘Lookism’ creator ‘The Grim Entertainment’ attracts $9.1 million investment

    0 shares
    Share 0 Tweet 0
  • Seoul Robotics aims for an IPO in 2025, post-Series B funding of $ 25 million

    0 shares
    Share 0 Tweet 0
  • Korean electric vehicle charging solutions startup EVAR awarded ‘Triple-Crown’ in CES 2023

    0 shares
    Share 0 Tweet 0
  • Korean startups creating the K-Beauty buzz worldwide

    11 shares
    Share 11 Tweet 0
  • Korean hospitality tech startup Onda attracts over $9 million in investment

    0 shares
    Share 0 Tweet 0
  • Korean startup Accelerator & Venture Capital Fund 1Billion Partners continues investing in promising startups despite ‘cold investment season’

    0 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KTO
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

wpDiscuz
2
0
Would love your thoughts, please comment.x
()
x
| Reply

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.