Shrimpy Pro is the simple portfolio management website for the busy person. Shrimpy Pro adapts ideas from smart investors outside of crypto to introduce simple automated strategies which can help increase returns. We created Shrimpy Pro as the solution to a problem we faced. We wasted countless hours researching which exchange has which cryptos, tracking our investments, and trading to keep our portfolio in balance. We’ve gotten so many questions and people interested that we decided to make Shrimpy Pro available to the public.
Spend your time with your family, friends, or researching your next investment, not managing your portfolio, constantly trading, and stressing about keeping track of how your assets are performing.
Keep track of your investments with simple statistics. Monitor your portfolios performance and easily adjust investment strategies based on various metrics. View how each coin has performed over the past 24 hours, how the percent allocations have drifted, and what are the current values of your holdings.
The Shrimpy Pro Way
Shrimpy Pro has two main advantages: ease of diversifying crypto assets and automatic rebalancing for increased returns and decreased volatility. You decide your allocations and Shrimpy Pro takes care of the rest. Simply deposit crypto on an exchange, use a simple interface to select which cryptocurrency allocations you want in your portfolio, and monitor your investments over time. We take security incredibly seriously and have designed all aspect of Shrimpy Pro to be as safe as possible.
Within minutes anyone can go from owning one crypto asset to owning hundreds — without using multiple exchanges or confusing interfaces.
For instance, let’s say you own Bitcoin, but you want to own Bitcoin, Ether, Litecoin, and Monero. Using our simple interface, you can enter the percentage of each that you want: for instance 25% Bitcoin, 45% Ether, 10% Litecoin, and 20% Monero. Shrimpy Pro will automatically calculate exchange rates and perform trades to create your portfolio. Shrimpy Pro then rebalances your portfolio automatically per your custom automation settings to keep your chosen allocations.
With over two hundred supported crypto assets, this means you have a large selection of the best investment options that are available. Stripping away the necessity to bounce from exchange to exchange chasing the new hottest coin, everything will be available in a single place. The expectation in the future is that we will be able to support hundreds of more crypto assets and additional exchanges as we expand the platform.
You can read more tips for how to create a strong portfolio by checking out our previous article here:
Shrimpy Pro integrates portfolio rebalancing while reducing volatility. This strategy is time-tested and has been used in stocks and bonds for many years — often increasing investor returns and decreasing volatility. Unfortunately, nobody has brought an automated way of rebalancing to crypto assets yet. Enter Shrimpy Pro automated rebalancing.
Rebalancing takes advantage of the cyclical nature of the market by trading coins from those that did well over the period, to those that performed poorly. Basically it puts selling high and buying low on auto-pilot. The end result is that each coin represents your chosen percentage of your portfolio after each rebalance. Since this all happens automatically, there is no additional effort required compared to buy and hold.
The cryptocurrency space envisions a future which is open and decentralized. Although there are applications which are navigating towards this vision with trading, we are still far away from reliable solutions. Low liquidity, slow transaction times, and convoluted user experiences provide non-ideal situations. This isn’t to say these problems won’t be solved eventually, but at this moment, centralized platforms simply make sense for most investors. As a result, we need to be thinking about solutions to ensure the security of portfolios that are using centralized systems.
Unfortunately, there haven’t been good solutions up until this point. An epidemic of hacks has plagued the crypto space. Investors are faced with a conundrum. Whether they should manage their assets on an exchange, where they can maximize the potential of their portfolio or do they store assets offline and simply HODL. Neither answer is optimal, so making a decisive decision is still a struggle for most investors.
Today, struggle no more. There is a resolution to this difficult decision.
You can find the Cold Storage feature by clicking on an asset on the dashboard or searching using the "Search" button at the top of the dashboard.
Rebalancing via Cold Storage Coupling
Cold storage coupling for rebalancing is the answer to this problem. When a portfolio is rebalanced, only the delta between the current and target allocation is traded. Since this is generally a small amount, only a limited percentage of the portfolio needs to be maintained online to completely rebalance. The rest of the assets can remain offline. These assets which are held in cold storage can then be considered as part of the portfolio during the calculations for rebalancing. Essentially, pretending the assets are online so all holdings are included during a rebalance. This provides a fair trade off between security, liquidity, and ease of use.
We believe crypto assets are going to disrupt the world; however, we aren’t there yet. Investing in cryptocurrencies is complicated. The diversity of coins has grown, convenience of investing hasn’t improved, and adoption from every day people is still impractical. The process of finding exchanges that accept fiat, transferring holdings to crypto exchanges, allocating balances, and maintaining your portfolio is cumbersome. This complexity has become one of the largest barriers to entry, preventing millions of people from getting into the market.
By focusing on ease of use for new cryptocurrency users, Shrimpy Pro will change the way people invest in cryptocurrencies. The end vision for our application is one where you can deposit fiat currencies directly onto our platform, allocate a diverse portfolio in minutes, and monitor every aspect of your portfolio in real time. All of this will be baked directly into the Shrimpy Pro platform, so there is never a need to use third party tools that require significant amounts of work to maintain.
We believe investing in cryptocurrency should be for everyone. The current coin distribution is centralized to those investors who were early adopters for the technology. This should not be the goal of cryptocurrencies. We should strive to put these assets in the hands of every individual regardless of status or circumstance. The only way to do this is to make it easily accessible. Shrimpy Pro supports this vision by providing portfolios that are easy to manage and allocate, by setting no barriers to entry, and by increasing the availability of a diverse set of coins. This will allow more people to take advantage of this growing asset class for everyone’s benefit.
Have questions, comments or concerns? Feel free to reach out to us via the blue "Support" button found in the bottom left corner of your Dashboard, or send an email to Support@Shrimpy.io.