- BPI France has pledged to support the Kyrll automated crypto trading system created by Cryptense
- Cryptense launched the first version of Kyrll in January 2019 and the new funding will enable it to develop the platform
Kryll.io, the automated cryptocurrency trading platform created by the Cryptense distributed ledger technology (DLT) project, has received support from French Public Investment Bank, BPI France, a financial institution that engages with and support companies. This will enable the Cryptense team to further the development of the Kryll Wysiwyt (what you see is what you trade) system, according to a Medium blog post on February 27, 2019.
BPI France Backs Investment in Kryll.io
The French Public Investment Bank (BPI France), a financial institution established in 2012 as a joint venture of two public entities, has invested in Kryll.io, the automated trading platform developed by the Cryptense blockchain platform to make life easier for both newbie and expert cryptocurrency traders.
Per the team, Kryll makes it possible for cryptocurrency traders to define highly functional crypto trading strategies through a simple drag and drop editor.
The Wysiwyt (What You See Is What You Trade) flow-based technology allows users of the platform to seamlessly build basic or advanced trading strategies, even if they have no prior knowledge of computer programming.
That’s not all; the team claims that Kryll.io comes with a trading strategy Marketplace where newbie traders can get advanced trading methods created by experts in the game.
The Future is Bright for Kryll.io
Reportedly, Kryll.io was launched in V1 in January 2019 and the funding from BPI France would enable the team to add more features to the system in the near future.
Commenting on the matter, CEO of Cryptense, Luca Benevolo expressed his excitement over the development, adding that the financial support received from Bpifrance will have a massive impact on the firm’s development.
“Bpifrance’s financial support for our project marks a significant milestone in our development. It will accelerate the creation of our new technologies and help us to increase our R&D investments in the machine learning sector. Users will also benefit immensely from this, as we will now be able to improve the quality of tools in the trading system to foster more efficient trading,” declared Benevolo.
Though France is yet to regulate its cryptospace entirely, Blockchain Reporter informed in September 2018 that French regulators had formulated new initial coin offering (ICO) laws to curb the activities of bad actors while also protecting investors.