Napoleon Group Launches Cryptocurrency-Specific Investment Strategy

NapoleonX, a subsidiary of Napoleon Group, launched its new CopyPortfolio on eToro’s multi-asset investment platform this week.

CopyPortfolio utilizes the standard eToro social trading strategy of providing the option to copy trades from top cryptocurrency investors. In other words, beginner traders can jump on the coattails of proven investors and do exactly what they do. All investing is a risk, and cryptocurrency especially so. However, this methodology increases the likelihood of positive ROI. For beginners looking to enter a specific market such as cryptocurrency, it also facilitates relatively autonomous learning.

Napoleon Group Background

NapoleonX has big ambitions in line with the goals stated clearly on its website. The cryptocurrency asset manager aspires to be the Blackrock of digital currency and investments. Recognizing the need for unique and strategic investment solutions for the volatile cryptocurrency market, NapoleonX has come up with technology specific to the unusual needs of the cryptocurrency market. Over the past 10 years, the Napoleon Group has developed a series of dedicated cryptocurrency investment strategies known as trading bots. These algorithmic bots focus on liquid assets like Bitcoin (BTC), Ethereum (ETH), EOS, Litecoin (LTC), and Ripple (XRP). They are considered high-performance algorithms which envelop fiat and cryptocurrency assets alike. The bots were developed on the existing NapoleonX platform. Based in France, the Napoleon Group made a name for itself by becoming the first ICO funded cryptocurrency investment and asset manager to become fully regulated. This was no small feat. The French government traditionally maintains strict regulatory standards. It did not make an exception for cryptocurrency. It is also unusual for a cryptoasset company to embrace government regulatory standards. Traditionally wary of anything centralized, as it goes against blockchain’s core, Napoleon took a different tactic — and did so in one of the most heavily regulated countries in Europe.

The Napoleon Token (NPX)

The Napoleon Group ICO took place in 2018, raising over $10 million EUR in which 27 million NPX utility tokens were issued. The native token can be used on the NapoleonX.ai platform for a variety of functions. The token is currently ranked 430 on CoinMarketCap, with a value of $0.25 USD with a market cap approaching $5.5 million USD. The eToro partnership has seemingly not elicited any upward movement from NPX. With a 24 hour volume of $107,305, NPX is only trading on two active platforms, IDAX and IDEX. According to Stephane Ifrah, CEO of Napoleon Group,

“eToro is a major actor amongst the online trading community. Launching a dedicated solution on their platform is a great addition for our community. Crypto markets are volatile and this might be off-putting for some investors, that’s why we are eager to share our solutions with more people. Our strategy, historically, has enabled people to participate in the crypto bull run while limiting the downside in more turbulent markets.”

CopyPortfolio is currently the only partnership Napoleon Group is planning with eToro. According to a NapoleonX Medium post dated March 5, 2019, future collaborations will not be forthcoming.