Crypto trading bot marketplace lets investors follow experienced traders

cointelegraph.com:

Trading cryptocurrencies was once a mostly manual process, where users had to select the asset they wanted to trade, build their investment plan, schedule their trades and manage all the transactions. These steps may result in double or triple-digit returns when executed correctly. 

But, really, only a handful of traders can commit to it full-time, and that's why automation has become a popular solution.

Automation means a computer program executes preset algorithms to perform a trade. Then, using many tools, including filters, signals or other forms of technical analysis, a crypto bot can execute trades on the investor's behalf. The result is that automation gives traders an edge since bots are faster and can trade multiple accounts or various strategies at once, far exceeding even what a full-time trader can complete.

One of the platforms making crypto trading bots available to everyday traders is TradeSanta. As a member of their team explains: "TradeSanta is a powerful terminal for you to trade faster, smarter and with lower risks."

The platform recently has added a marketplace feature for mirror trading. With this release, traders are given the opportunity to see and copy top-performing bots. Functionality with this feature is extended to spot and futures markets, enabling users to capitalize on opportunities to trade with leverage. To select a bot, the marketplace will include filters based on type (DCA or Grid), Strategy, Exchange, Market (spot, futures) and pair.

While copy trading is free at the moment, traders will have an option to monetize their strategies in a couple of months, meaning certain items in the marketplace will come at a cost. 

Unlike a cryptocurrency exchange, TradeSanta does not access users' funds.