Tech Review: Caspian — Institutionalizing Crypto Asset Management

Whatsup guys, it’s ya boii Shill Nye. Today, I’m sharing a little bit about this new project, Caspian, that I was introduced to by some people who I met while in Asia. This is a super unique platform, which ALREADY has a live and working product, and can help to solve the complexities faced while trading cryptocurrencies across multiple exchanges. Enjoy!
Disclaimer: This is not a review of the ICO, the token, or anything to do with fundraising. I am not promoting the purchase of any assets related to Caspian. This is purely a review of the technology and idea from my perspective. I have not been paid for this review.
What is Caspian?
Caspian is an asset management solution that equips sophisticated cryptocurrency traders with the tools they need for the full lifecycle of a trade, allowing traders to succeed beyond their current potential. Caspian provides a single interface to connect with over 25 different exchanges in a single platform to help you execute trades better.
Two of the main components of the platform are its Portfolio Management Systems (PMS) and Order Execution Management Systems (OEMS). The PMS provides a trader with detailed information to analyze their portfolio against real-time and historic profit and loss. The OEMS provides a comprehensive view of all your orders, allowing you to trade and manage them efficiently, showing real time trade analytics, one click execution and a full audit trail In addition to these two components, Caspian has tools for running custom algorithmic trades, compliance, and risk management.
Simply put, the Caspian platform will allow traders the opportunity to outperform their current market conditions by aggregating exchange information and access into a single location, creating a new standard for trading crypto.
Who Built Caspian?
Caspian is a joint venture between two firms, Tora and Kenetic, which have established track records in asset management and cryptocurrency investing. Tora is a provider of traditional asset management technology and is responsible for 17% of the institutional equity trading volume in Japan. While Kenetic is a big player in the blockchain ecosystem committed to the development and adoption of blockchain technologies. Collectively, Caspain’s senior management team has over six decades of experience building technology and managing trading systems. The combination of Tora and Kenetic means Caspian is backed by a full team of over 150 people!
Who is Supporting Caspian?
There are some serious heavy hitters in the crypto industry who are supporting Caspian. A few of its strategic advisors include Mike Novogratz (CEO, Galaxy Digital), Ari Paul (CIO, Blocktower Capital), and Satoshi Kobayashi (Founder, Smart Contract Japan). It also holds strategic partnerships with Airswap, Gemini, Octagon Strategy, and Bitmex to name a few. What this tells me is that Caspian is delivering a solution that the industry desperately wants and needs.
What Exchanges are Connected to Caspian?
Caspian is currently connected to 25 exchanges: Binance, Bitfinex, Bitmex, Bitstamp, Bittrex, GDAX, Gemini, Kraken, OKEx, Poloniex, HitBTC, Huobi, bitFlyer, CME Group, itBit, CBOE, Quoinex, KuCoin, Deribit, Bithumb, CEX.IO, Korbit, Zaif, FISCO and Coinone. According to their team, we can expect more exchanges to be connected later this year.
What Do I Like About Caspian’s Concept?
The best thing about this concept is the simplicity. The fact is, crypto is not easy to trade and there is a steep learning curve. Most experienced traders use several different exchanges which can be difficult to manage. Having funds scattered across different exchanges can be extremely confusing. This difficulty has prevented some institutional investors, the big money, from entering into our space. These investors face difficulty managing their funds across exchanges with different fees, service structures and prices for. Let’s be clear, we should all want institutional investors to come into our market. They will help to calm the massive negative price swings and bring a much needed new capital into the space.
With Caspian, the confusion of managing different accounts has been minimalized. For me, it would be really awesome to pull up Kucoin, Gemini, Binance, and Bittrex within the same native platform, execute my trades, and continue with my day. One of the biggest problems I had when I first started trading cryptocurrencies was the fact that there were too many coins and I needed to sign into all of these different exchanges in order to buy or sell them all. This became too hard to manage and, when I wanted to make a quick trade, there were obstacles to accessing my funds.
There are too many instances where I have spent an excessive amount of time trying to log into my multiple accounts to make an urgent trades. The ability to remove this frustration, coupled with the ability to keep funds and trades organized, is what I like about Caspian.
Finally, one of my favorite parts of this platform is the ability to see my current and past trades tracked in a single location. This is invaluable to understand the past trends of my trades as well as organizing all the necessary information for taxes.
Is Caspian Secure to Use?
My biggest concern with the Caspian platform was its security. There have been several records of Binance accounts being infiltrated because the API’s connected to the accounts were hacked, which had me cautious to begin with.
I was ensured by the team that the security of these API’s is their top priority. One of the founding JV partners, TORA, provides a similar system for institutional investors trading equities, protecting their trader’s information is in their DNA. After speaking with the team and learning about the processes they are working on, I can confidently say that they are taking security EXTREMELY seriously.
That being said, I can not comment on the technical details of this security management since I have not personally tested this security and I am not a hacker.
Important Links
Website: https://caspian.tech/
Telegram: https://t.me/Caspian_Tech
Token Challenge: https://challenge.caspian.tech/
Conclusion
Caspian has the potential to be the simplest solution for asset management, especially across a wide array of exchanges. For traders, this platform is revolutionary. The simplicity it provides can organize trades and provide an effortless way to execute buys and sells on multiple exchanges at once. Most importantly, its a live product currently in beta testing and will be launched to the wider market soon.
Check out Caspian and sign up for their Token Challenge here.
Bio:
I’m ya boi, Shill Nye. I trade/investigate cryptocurrency full time.
Join my free Telegram group here: https://t.me/cryptoshillnye
Subscribe to my YouTube here: https://www.youtube.com/channel/UCspcykxjIbHo0C9ZOCM9YnA
Watch my livestreams here: https://www.pscp.tv/cryptoshillnye/
Watch the Netflix and Shill Podcast I co-host here: https://www.youtube.com/channel/UCqgVDmWx5gHi7Cc273QMJuQ
Disclaimer:
I do not give financial advice. I am not a financial advisor. If you are looking for financial advice, then you should go to google and look for a financial advisor in your area. The shit I write is simply for entertainment purposes. You should never blindly trust anyone on the internet who tells you where or how to invest your money.
This is not a review of the ICO, the token, or anything to do with fundraising. I am not promoting the purchase of any assets related to Caspian. This is purely a review of the technology and idea from my perspective. I have not been paid for this review.
