Launch of AQRU Trend
08/07/2022 07:00
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RNS Number : 7665R AQRU plc 08 July 2022
This announcement contains information which, prior to its disclosure, was
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Press Release
8 July 2022
AQRU PLC
("AQRU" or "the Company")
Launch of AQRU Trend
AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance
("DeFi"), is pleased to announce that its wholly owned subsidiary, Accru
Finance Ltd. ("Accru Finance"), has launched AQRU Trend, a high-return
strategy optimised for cryptocurrencies designed to enable retail investors to
diversify, capture market upside, limit market downside, and access the
competitive returns available in the crypto market.
AQRU Trend, available through Accru Finance's cryptocurrency trading platform
AQRU.io, actively tracks market movements and uses an algorithm that
automatically assesses a weighted basket of 10 leading cryptocurrencies
(excluding stablecoins, security tokens, and tokens constituting specified
investments) based on factors including the price momentum and volatility of
each coin and adjusts the portfolio for expected market trends.
For example, if data suggests that the value of the cryptocurrencies in the
basket is likely to fall, the algorithm reduces the weightings of the
cryptocurrencies in the basket in exchange for USD Coin ("USDC"), a
cryptocurrency that is designed to track the value of the US dollar, in order
to reduce the risk. Funds held in USDC generate a yield of 3%. The AQRU Trend
portfolio is rebalanced on a weekly basis to ensure the weightings of the
different cryptocurrencies, including USDC, are maximising customers'
potential returns while mitigating their risk.
Expansion of product offering
AQRU Trend is part of Accru Finance's efforts to expand its offering and
enable customers to take advantage of all the opportunities available in DeFi.
It follows the recent launch of AQRU Exchange, an easy-to-use, cost-effective
and secure cryptocurrency exchange platform that enables users to easily
exchange their fiat currency, such as EUR and GBP, and existing crypto assets,
to other cryptocurrencies. All the tokens available on AQRU Exchange have been
hand-picked by Accru Finance's team of cryptocurrency analysts to ensure that
only assets with acceptable risk and reward profiles are offered to customers.
AQRU Exchange provides clear and transparent information about the fees and
exchange rates typically incurred by investors in digital assets. Users are
only required to pay a single one-off fee of 0.35% on the entire exchange
value, and the exchange rates provided are on par with the rates usually
offered to institutional investors. All fiat bank transfers in and out of the
solution are free.
Philip Blows, CEO of AQRU, commented: "With the launch of AQRU Trend and AQRU
Exchange, Accru Finance is strengthening its presence in the DeFi sector by
expanding its current portfolio beyond yield products. This enables investors
to take a balanced portfolio approach to the opportunities available in the
decentralised markets, without having to worry about taking on excessive
levels of risk or hidden transaction fees. Accru Finance is committed to
continue developing solutions to ensure our customers can experience DeFi at
its fullest."
Kamelia Gankova, Managing Director of Accru Finance, commented: "Accru Finance
is rapidly becoming a one-stop shop for all consumers' DeFi needs. The launch
of AQRU Trend gives our customers instant access to a diverse cryptocurrency
portfolio, carefully selected by our experienced team. The system will allow
our customers to enjoy market rises, but by transferring their cryptocurrency
into USDC, it also works to protect them from market volatility. AQRU Trend
and AQRU Exchange demonstrate Accru Finance's continuing commitment to
bringing consumers the competitive returns available in DeFi."
The Directors of AQRU plc take responsibility for this announcement.
For further information, please contact:
AQRU
Philip Blows via Tancredi +44 207 887 7633
Chief Executive
First Sentinel
Corporate Adviser +44 7876 888 011
Brian Stockbridge
Tennyson Securities
Corporate Broker +44 207 186 9030
Peter Krens
Tancredi Intelligent Communication
Media Relations
Gabriela Amaya Garcia +44 7915 035 294
Charlie Hobbs +44 7897 557 112
aqru@tancredigroup.com (mailto:aqru@tancredigroup.com)
About AQRU PLC:
AQRU is an incubator specialising in opportunities in decentralised finance
(DeFi), a disruptive technology using blockchain and cryptocurrencies to
remove financial intermediaries from transactions, creating a cheaper, more
efficient and more secure way of providing financial services. Listed on the
Aquis Exchange in London, we apply our expertise to the business operations
and strategic plans of FinTech companies in the UK, USA and Canada, and act as
an accelerator for start-ups and early-stage companies. www.aqruplc.com
(http://www.aqruplc.com)
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