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Doubly Partners with an Insurer to Secure its Trades

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Doubly Partners with an Insurer to Secure its Trades

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Doubly, a crypto trading company the makes the most of the innovations of Artificial Intelligence (AI) has announced a partnership with a financial services insurer. The deal between the trading platform and Financial Global Insurance Solution Limited (FGI) seeks to help provide the platform’s investors with an easy exit without necessarily hurting Doubly’s trades.
The arrangement between Doubly and the insurer will enhance the liquidity of the system. It gives the platform’s investors a chance to pull out their investment at any time while protecting Doubly from the market turbulence.
Doubly, which was formed in 2016, applies AI to undertake trades using various signals for many sources. This new deal, as such, gives users a more natural way of opting out while protecting the system as well as those the customers that remain from the effects of disrupted cash flows.
The Doubly – FGI Deal
FGI is a renowned provider of insurance products and services mainly to players in the financial industry. With its broad reach, it protects these firms from the market shocks and also covers their clients from loss occasioned by a myriad of market-related reasons. In certain instances, it also covers the activities of its clients.
FGI conducted a thorough inquest into the operations of Doubly before penning the deal in question. The insurer undertakes such inquiries as a standard operations procedure to ensure that only the deserving firms procure its products and services.
The insurer studied the trading platform’s success rate as well as other critical aspects such as daily trade volumes, expenses, and liquidity. The study culminated with a deal that best meets the needs of Doubly and its customers. Overall, the partnership will help Doubly to provide its products in a safer environment.
The Insurance Deal in Detail
The deal entered into between Doubly and FGI is a get-out-smooth kind of arrangement that will allow Doubly investors to pull out their investments at any time without affecting the operations of the trading platform. In a nutshell, Doubly customers from now henceforth shall, if they want, liquidate their investment and pay back based on the stipulated terms of the agreement, and earn their invested amount.
This deal makes life easy for Doubly investors because it implies that whatever money they invest on the platform is always available to them. Where a customer chooses such a path, FGI shall provide funds to cover the gap that release of the client’s investment left gapping. However, the convenience of this arrangement shall set back the customers between 20 and 30% of their investments depending on the Doubly package they bought.
As part of the package, FGI shall provide up to US$ 39 million monthly to underwrite such pull-out deals. The Doubly platform has finalized the necessary adjustments that will allow its customers to seek a release right from the convenience of the platform.
Doubly has gone ahead and secured even more cover from the same insurer. Along with the insurance that gives clients a money-back guarantee, Doubly will get a cover for its trades. Though Doubly affords very impressive margins, it has bargained for this cover to help it prepare for worst-case scenarios. With the US$ 15 million cover on every trade session, the firm now ensures that its customers do not bear the brunt of the devastating effects of a bad day.
Aside from fending off the effects of unforeseen calamities, the latter deal will also ensure that Doubly’s liquidity remains constant at all times. FGI, on its part, will take home a portion of every successful trade made by the Doubly system.
How Doubly Rewards its Investors
Over the past two years that the Doubly system has been operational, its bot has gotten better with every trade. The said bot analyses and executes trades that leave it with profit margins of between 6 and 10%. The platform has a smart and polished, self-learning engine that relies on the advances of AI to execute highly profitable trades. Moreover, it can actualize these trades far faster than a person would.
The Doubly system has an internal ranking system which is instrumental in evaluating the profitability of every trade the bot undertakes. Aside from the mentioned evaluation role, this ranking system helps the bot improve the outcome of its future trades. The bot factors in data from various sources as well as the results of each trade it executes. It then uses these to develop a signals-reading pattern that betters every transaction.
For the bot to trade, it collates data from the ranking system and interprets these into signals. Whenever the signs on a particular cryptocurrency are adequate, then the bot decides to either buy or sell the said cryptocurrency.
More information about Doubly is available on the website.
Contact person:
Richard Greene – CEO, Doubly


Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.
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