US SEC-registered cryptocurrency Robo-advisor Makara launches mobile app in the App store. Makara has seen high demand for services that exceed more than 20,000 waitlists sign up. It gained 600 new waitlisters in one day.
Investing in cryptocurrency is complicated for an average person. Wealthy people join the funds like Goldman Sachs and Morgan Stanley. But an average person struggles trying to keep up with news and to manage a cryptocurrency portfolio. Makara can guide them through the app for cryptocurrency investments.
Makara aims to make investing in cryptocurrencies more accessible for everyone through an index-like allocation called a basket. Makara’s unique thematic basket allows clients to streamline the crypto investment experience. The basket includes DeFi decentralized finance and large-capitalization cryptocurrencies Bitcoin and Ethereum.
The app’s proprietary technology automatically rebalances the client basket. Take care of all buying, selling, and storing of the underlying assets. The startup has partnered with Gemini exchange for trading and custody. The apps will be available on Android in the coming weeks.
“We believe Makara is solving real and existing obstacles for individuals accessing the cryptocurrency market. Seeing the initial interest from our waitlist gives us confidence that our thesis is correct,” stated Jesse Proudman, co-founder, and CEO of Makara in an announcement.
Also Read: Coinbase Allow Users To Use Card Via Apple And Google Pay In The US
He added, “This is still retail-led asset class and we believe Makara can empower every investor to learn more and benefit from all the potential that cryptocurrencies offer.”
The first-ever registered crypto Robo-advisor already has a million in AUM. The waitlist will remain open for the next couple of weeks.
Makara is now open to U.S. residents ages 18 and older. Waitlist participants will be the first investors invited to register for Makara and will have the first six months of their Makara fees waived.
