Product Overview of Shrimpy
Shrimpy is a comprehensive and user-friendly crypto portfolio management platform designed to simplify and optimize the process of managing cryptocurrency investments. Created in 2018 by Michael McCarty and Matthew Wesly, Shrimpy aims to make investing in cryptocurrencies and asset management less laborious while reducing investment risk.
Key Features
Multi-Exchange and Wallet Management
Shrimpy allows users to connect an unlimited number of exchange accounts and wallets, including popular platforms like Binance, Coinbase, Metamask, and Coinomi. This enables users to manage all their crypto assets from a single dashboard, streamlining the process of tracking and managing multiple accounts.
Automation and Rebalancing
One of the core features of Shrimpy is its automated portfolio rebalancing. This feature helps reduce risk and enhance profit margins by automatically buying and selling assets to maintain a set target allocation. Users can create custom rebalancing strategies, and Shrimpy executes these trades precisely using its advanced smart order routing engine.
Customizable Strategies and Backtesting
Shrimpy offers powerful tools for backtesting and simulating different trading strategies. Users can test various asset combinations and time frames to uncover historical trends and optimize their portfolio performance. This feature is particularly useful for both novice and experienced traders looking to refine their investment strategies.
Social Trading and Index Funds
Shrimpy includes a social trading feature that allows users to copy the portfolios and strategies of top traders with a single click. Additionally, users can create custom indices to track the DeFi market or other asset types, providing a flexible way to manage and diversify their portfolios.
Real-Time Dashboard and Performance Tracking
The platform provides a robust dashboard that offers real-time tracking of portfolio performance, balance changes, and market data. Users can view historical price data, market cap information, and statistics, as well as analyze trends and asset trade history.
Security and API Key Management
Shrimpy prioritizes security with features like IP whitelisting, which restricts access to exchange accounts to specific IPs provided by Shrimpy. API keys are securely encrypted and stored using FIPS 140-2 validated hardware security modules (HSMs), ensuring the confidentiality and integrity of user data. Additionally, Shrimpy supports Two-Factor Authentication (2FA) for enhanced account security.
Trading Automation and APIs
Shrimpy offers advanced trading automation, including the ability to automate trades on multiple accounts simultaneously. The platform also provides trading APIs that allow developers to integrate trade execution and live data feeds into their own applications. This includes support for market orders, limit orders, and smart order routing.
Pricing and Plans
Shrimpy offers several pricing plans tailored to different user needs:
- Free: Basic features including spot trading on one exchange, one portfolio, and one automation.
- Standard: Unlimited spot trading, support for five exchanges, five portfolios, and five automations, along with additional features like customizable rebalance periods and portfolio stop-loss.
- Plus: Enhanced features including support for 25 exchanges, 10 portfolios, and 10 automations, as well as API access and reduced fees.
Conclusion
Shrimpy is a powerful tool for crypto investors, offering a suite of features that simplify portfolio management, reduce risk, and enhance performance. With its robust automation capabilities, customizable strategies, and strong focus on security, Shrimpy is an ideal solution for both novice and experienced cryptocurrency traders.