Daily and weekly virtual asset buying service, adjusting to volatile market with segmented investment approach
On the 16th, Dunamu, which operates the virtual asset exchange Upbit, announced that they will launch a service called ‘Coin Accumulation’ that automatically orders virtual assets based on user settings. This service allows users to automatically purchase virtual assets such as Bitcoin, Ethereum, and Ripple on a daily or weekly basis.
Accumulative automatic investment is an investment method that reduces the risk of short-term investments while making profits in the long run, and has been attracting attention in the securities market.
For investors who expect Bitcoin to consistently rise, instead of worrying about buying timing by looking at charts every time, they can conveniently place orders through the ‘Coin Accumulation’ service. They can also expect profits regardless of short-term price fluctuations. For example, if someone had been buying Bitcoin monthly with 100,000 won since January last year, with an investment capital of 1.9 million won, by the end of July this year, they would have made a profit of approximately 1.76 million won, a 92% return.
Image description: Introduction image of Upbit’s ‘Coin Accumulation’ service [Provided by Dunamu]
Users of ‘Coin Accumulation’ service can set the virtual assets they want to invest in, timing, and amount to create regular automatic orders. For example, if you set to buy ‘Bitcoin’ ‘every 25th day of the month’ ‘between 12:00 and 12:05’ ‘for 100,000 won each’, it will automatically purchase Bitcoin for you.
Dunamu emphasized that they have divided investment slots into 5-minute intervals to ensure users’ choice. After choosing daily, weekly, or monthly units, users can select the desired time slot from 00:00 to 05:00 for the selected day.
The minimum order amount is 10,000 won. You can apply for up to 1 million won per order and a maximum order amount of 3 million won per virtual asset. The initial virtual assets available for purchase through ‘Coin Accumulation’ service are Bitcoin, Ethereum, and Ripple, and more diverse assets are expected to be added in the future.
A Dunamu official stated, “We planned ‘Coin Accumulation’ to allow Upbit users to effectively cope with the volatility of the virtual asset market through accumulative investment” and added, “We will continue to develop more advanced services to promote a healthy virtual asset investment culture.” Reporter Kwon Je-in.