In the last product update, I wrote on the topic of building a more robust product before building one which would draw in a lot of users. I liken it to tidying up the house the day before expecting a lot of visitors. The Samsa Community waited patiently for the promised launch of trading on Binance and this week, we opened the doors to welcome them in. Samsa x Binance is now live and within just a few days, is already as popular as Coinbase Pro.
See for yourself at https://samsa.ai/
One of the guiding philosophies behind Samsa is the reduction of risk and volatility in cryptocurrency trading. With our rebalancer, you are able to accomplish this by increasing the breadth of your crypto holdings and manage them at a fraction of the time and effort it would take to day trade. With our launch on July 6, we released automatic rebalancing on Coinbase Pro only. Currently, Coinbase Pro trades a select few assets which limits traders in the variety and diversity of their portfolios. By supporting Binance, Samsa allows users to invest in a greater variety of tokens whether it be through a Samsa Index or their own custom strategy. Users who desire to invest in this way are drawn to the capabilities of Samsa’s rebalancer on Binance and we need to build product for these early adopters of our platform.From a technical perspective, implementing this functionality was not as simple as copy and replacing “Coinbase” to “Binance.” The two exchanges offer a different set of endpoints, which Samsa’s rebalancer needs to navigate in order to place trades. Furthermore, the structure of data returned from these exchanges differs, and it is crucial for Samsa’s backend to normalize this data before sending it to the frontend. With proper data normalization, Samsa can continue to build a simplistic UI/UX and users can continue to enjoy an easy-to-use product.
Although Samsa is now 100% rebalancing Binance accounts, we have not yet implemented Performance Charting. See the last product update for our excitement about Performance Charts with Coinbase Pro. As mentioned above, the backend work for gathering this data differs between the two exchanges but we promise this will be implemented for Binance in the near future.
This past week, we also implemented the ability to detect de-links. This means that if a user deletes their API key on Coinbase Pro, Samsa will detect this and display it on their Account page. To enable Samsa on your account again, simply follow the instructions here. As you might have guessed, this will be implemented soon for Binance as we continue to make Samsa more robust.
The Landing Page remains a continued work in progress. Over the past week, we have received a lot of positive feedback on the current design. Here is the rundown.
We encourage you to Sign Up and Join the Samsa Community. As you get to know the product, we’ll get to know you. Reach out to us, leave us constructive feedback, and help us drive future iterations of the product. Who knows, your requests just might become Promises Delivered.This article and related content is for informational purposes only. It should not be considered investment advice, and you should consult a financial advisor and do your own research and due diligence prior to making any investments. Where securities or commodities are referenced, it is only for illustrative purposes only, and does not imply any position on securities or commodities classification. To the extent that Samsa services are offered or discussed, those services are available only for Samsa whitelisted assets only. See our full terms here.
