-The Importance of Portfolio Management in Cryptocurrency
Portfolio management is a good way to limit the risk you take on in cryptocurrency. This is essential in the crypto space which is characterized by constant volatility and unreliable asset prices.
TL;DR
- Portfolio management involves risk management and asset diversification
- Businesses can also manage their portfolio by creating options to earn more revenue and reduce the effect of inflation
- IvoryPay offers businesses in emerging markets the option to manage their revenue, earn rewards, and choose the most profitable withdrawal methods
Portfolio Management in Cryptocurrency
Cryptocurrency is a very unstable asset class. As much as its returns can be high, the risk involved can be considerably high. This, therefore, necessitates the need for portfolio management.
Managing a cryptocurrency portfolio involves diversifying asset classes to include a collection of different coins. The idea here is to minimize risks by spreading investment into different assets. Portfolio management also opens up the opportunity for investors to invest in altcoins that could grow in value over time.
By owning a collection of different assets, an investor inadvertently limits the risk of losing it all in the event that a coin goes on a bad run. It also helps to maintain a relatively balanced asset. Overall portfolio management is all about cutting risks and playing the long game of maximizing returns.
Portfolio Management for Businesses
More often than not, businesses are known to have a linear point of focus in terms of service and delivery. This means that most businesses are not in the best position to diversify their portfolio and effectively spread risks in the eventuality of a downturn. To curb risks, most businesses resort to insurance policies while paying premiums to prepare for rainy days.
On the other hand, businesses could actually hedge closer to asset diversification, especially in the era of cryptocurrencies and digital assets. As volatile as cryptocurrencies might be, it still offers businesses safe options that guarantee returns, thereby helping them to diversify their portfolio.
Investing in stablecoins like USDT, USDT, and DAI could prove useful for businesses in emerging markets where inflation and market volatility are quite common. This could help preserve the value of revenues and maintain businesses’ profits.
Businesses could also explore the option of staking in verified projects. Staking is a good way to earn passive income at a set percentage over a specified timeframe.
IvoryPay Portfolio Management for Online Businesses
IvoryPay is primarily a payment gateway for online businesses in emerging markets. As part of its product offering to businesses, IvoryPay allows businesses to manage all their revenues from within a dashboard.
Here they can easily track how many sales are made and the channel through which customers made payments. Additionally, businesses (often referred to as partners) can accept payments in stablecoins such as DAI, USDT, and USDC.
In addition to this, all partners can seamlessly stake a portion of their revenue (both in IVRY and stablecoins) to IvoryPay’s verified staking pool to earn returns on their staked tokens.
Here are the benefits that accrue to businesses in emerging markets by deploying IvoryPay’s infrastructure:
- Ability to accept payments in stablecoins and preserve value
- Ability to make sales to customers from any part of the world
- Staking options for increased revenue
- In-depth insight into revenue levels and overall business performance
- Curbing the effect of inflation and its effect on business market value
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Conclusion
Portfolio management is the bedrock of every successful business. Its value lies in the ability to weather the storm in tough times and consistently grow your business portfolio in stable times. Sign up on IvoryPay today to guarantee a stable future for your business.
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