Hello and welcome to this Part 2 of this video series on the High Level Features you can expect in the Amplify Brokerage which is due to launch before the end of 2019! This video will discuss our proprietary Profit & Loss System & Advanced Storage Mechanisms which are backed by Insured Custody. We’re always excited to talk about the ways in which our years of meticulous research and development has really paid off!!!
PROFIT & LOSS SYSTEM (APLS)
Accurate and Comprehensive Performance Tracking for Gathering Key Insights
At Amplify we want our users to be empowered to know when their digital asset trades are working and when they are not. In order to do this, every position you take needs to be accurately tracked so you can see when your portfolio is performing and when it is not. At Amplify we have developed the Amplify Profit & Loss System, or APLS, not available anywhere else. The system tracks every position you take, even your initial deposit is logged as a position with the value based on fiat at the time of the deposit. From there, we begin logging its performance over time. We also support multi-tiered positions. For example, if you were to trade part of your Bitcoin position for Ethereum, that Ethereum would then become its own position and be accurately tracked on a minute-by-minute basis. We then allow you to see the performance over time, beginning with a 1-hour interval ranging all the way through all-time portfolio performance. The opportunity to evaluate the historical performance of your portfolio provides invaluable insights. In the future, this data will be used to deliver institutional level reporting capabilities, another feature currently unavailable anywhere else in the cryptocurrency exchange space.
ADVANCED STORAGE MECHANISMS BACKED WITH INSURED CUSTODY
Multi-Level, High Quality Protection Ensures Funds are Secured
The security of your assets is of the highest priority to Amplify Exchange. We feel that too many crypto exchanges have been victims of hacks that have led to massive amounts of lost funds. Amplify believes that the many crypto exchanges that offer their own version of hot wallet storage only not constitute a secure enough layer of protection. Amplify Exchange proves its commitment to you and your funds by providing both hot and cold storage to guarantee both liquidity and security. We partner with industry-leaders in cold storage technology to ensure your assets are always safe. In addition, Amplify cold storage assets are insured up to 100M US dollars granting the option for an added layer of protection. Never one to rest on our laurels, we are also in the process of integrating with another leading provider that will make it possible for us to grant an additional 50M USD coverage over digital assets stored within hot wallets as well.
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