World news agencies reported the startling news that the former Russian, now British citizen, surprisingly quickly got rich in stock trading. Is that possible? It turns out that in our turbulent time of scientific and technological progress, this is possible. Naturally, if you trade not manually, but using robots. How without them? Now is the time to automate all processes. Without bots, you will never scale your business and you will not earn much. And you don't have to be a scientific genius to use bots. It is enough to have the ability to analyze the accumulated databases in time, create algorithms for their use, or simply take ready-made solutions. Fortunately, information is now a dime a dozen.
There are very successful traders, investors who have become billionaires in just a couple of years. But you will never know about them. Or find out completely by accident. Here is how, for example, we accidentally learned from the British tax office that it turns out that the largest taxpayer in the kingdom was an unknown Russian billionaire. Well, a former Russian. He had already renounced Russian citizenship in the past 2022. This is Alexander Gerko, founder of the trading company XTX Markets. For 2022, he paid four hundred and eighty-seven million pounds in taxes. Did you know such a trader? Mr. Gerko studied in Russia and received his PhD in Mathematics from Moscow State University. He is also a graduate of the Russian School of Economics, and in 2016 he received British citizenship. On December 22, he completed the process of renouncing Russian citizenship. Alexander started his career trading stocks at Deutsche Bank, and in 2015 founded his trading company XTX Markets.
The firm is a global provider of trading solutions and advanced communications for the securities market. Provides a wide range of services and products including trading systems, automated trading platforms, machine learning and diagnostic analytics. The company also offers a platform for interaction between investors and businesses.
The сщьзфтн, which employs one hundred and eighty people, has offices in London, Paris, New York, Mumbai, Yerevan and Singapore. So what exactly does Alexander's company do? It turns out that the company specializes in algorithm-based high-frequency trading. And among its employees there are no ordinary traders. It aims to automate as many processes as possible using statistical models that analyze the trading data of the markets. It cooperates only with institutional clients, counterparties and trading floors around the world to provide liquidity in the stock, currency fixed and commodity markets.
It does not provide products or services to retail investors. That is why you have not heard anything and cannot buy its product, which trades so much better than any trader that none of the private traders can even buy it for themselves. In December 2022, it became known that the fortune of forty-three-year-old Alexander Gerko had reached six billion. In the founded British trading company XTX Markets, according to Bloomberg, Gerko owns seventy-five percent of the shares of XTX Markets. The company paid a dividend of almost £1.3 billion, more than three times the amount it paid a year earlier. Today, this firm trades in stocks, currencies, debt instruments, and commodities, averaging about $300 billion a day. Just think about this amount, three hundred billion US dollars a day. For comparison, yesterday the volume of trading in bitcoin on the planet amounted to forty-four billion dollars. That is, his company trades more money than the entire cryptocurrency market per day. Yes, it is larger than all the top ten crypto exchanges combined.
How did it happen that a simple graduate of Moscow State University, having worked for traders in the Deutsche Bank stock market, created an algorithm that so accurately predicts market movements in the complex Forex and stock markets? Moreover, high-frequency trading with the help of algorithms. Apparently, he managed to build some kind of complex mathematical model, which self-learning self-improvement and able to earn on any market movements. And who are we, playing against in the Forex market? Even if we have some kind of bot. We are playing against an algorithm that trades 300 billion USD per day. What are your chances of winning or making money in this market? Yes, there are, but they are extremely small.
But nothing is said about working in the cryptocurrency market on the company's website. This means that either XTX Markets does not work in the cryptocurrency markets, or they sell their algorithms, as stated in the press release, to brokers, exchanges and other market makers. Maybe Binance CEX bought this module from Alexander a long time ago, and they are working successfully, how do we know? Or maybe such a module will not be ineffective for the crypto market, because the crypto market is a very specific market.
Well, surprised, the success of XTX Markets is impressive? But I'm not surprised. It hurts something else. How speculators who trade manually still manage to make money. They analyze charts, look at some indicators, indices, ratios, Bollinger bands, Elliott bands, and the like. Moreover, they are trying to sell someone market movement signals and exchange trading training courses. All this is funny. Today even the most ordinary housewife would not think of washing dishes by hand. There is a technique for this. The same diligent housewife is quite capable of setting up and turning on the trading bot. And even calculate your earnings based on the results of trading.
But what kind of housewife? It is now clear that it is absolutely useless for relatively experienced traders using conventional trading and arbitrage bots to compete in traditional currency and stock markets with such business sharks as Alexander Gerko, with his high-frequency algorithmic trading. The time of amateur speculators is irretrievably a thing of the past in this market segment.
And where should the eyes of those who still would like to engage in trading look? To the newly emerging cryptocurrency industry? Maybe. There are still highly profitable niches and earning opportunities for active people? Perhaps yes. There is currently no other, such a technologically capacious and rapidly developing area with a potentially high rate of return. Blockchain technology opens up opportunities for the implementation of promising business projects. Only there now you can earn good money.
And where in the cryptocurrency industry itself can you find your place for a profitable business? It's not all easy there either. It is over ten years old. And it does not stand still, it develops. Let's try to highlight the most interesting areas of possible application of our abilities in stock trading. Currently, the blockchain world is absolutely dominated by centralized exchanges. And the main volumes of trading take place on them. Hundreds of exchanges. And they are quite competitive with each other. Automated bot trading is also actively used there. However, the problem lies in the fact that true crypto enthusiasts did not dream of such exchanges. They strive for freedom from the financial dominance of state bodies. The creation of blockchain platforms ensures independence from the authorities. And centralized exchanges, ideological crypto fans began to be used involuntarily, out of desperation. Because it was technically impossible to trade on the first blockchain platforms due to low transaction processing speeds. However, only centralized exchanges were initially able to provide full trading opportunities. And on centralized, government-controlled cryptocurrency exchanges, we are reaping the negative fruits of the arbitrariness of the authorities. It is on the centrals, as crypto-anarchists ironically call them, a full set of repressive restrictions and draconian sanctions, ranging from humiliating verifications to blocking accounts under far-fetched pretexts. Not to mention market manipulation and outright fraud. In addition, you can lose your money as a result of the bankruptcy of a centralized exchange. It happens more and more often. Dozens of exchanges cease to exist every year. And a recent example of the bankruptcy of one of the largest exchanges FTX shows their extreme unreliability.
And what to do? Where to run fans of decentralization? Certainly, straight to decentralized exchanges powered by blockchain. These already exist. They cannot be stopped. There are anonymous accounts that only you have access to. On them, no force is able to block or withdraw your blood savings. The fact that the future belongs to decentralized exchanges is also understood by the head of Binance, the largest and most popular centralized exchange at the moment, Changpeng Zhao. He spoke publicly about this trend. The majority of cryptocurrency experts adhere to the same opinion.
The question arises: where and on what blockchain are these decentralized exchanges? It is impossible to trade on the bitcoin platform, it is a payment system. There is no such feature and very low transaction processing speed. This is the first generation of blockchains. On second-generation platforms, the very first and most famous of which is Ethereum, it became possible to issue cryptocurrency assets and conduct swap transactions. Points of swap appeared, such as Uniswap, Pancake swap, Sushi swap and others. Although they are often mistakenly called stock-exchanges. But it also turned out to be impossible to create a platform with the ability to operate a full-fledged decentralized cryptocurrency exchange on second-generation blockchains due to the still low block processing speeds.
But in third-generation blockchains, this problem has already been solved. The talented American programmer Dan Larimer, and the no less talented mathematician Charles Hoskinson, together with a group of developers of the Compumatrix company, created a unique blockchain technology called Graphene. And according to this technology, an engine was created, which they called BitShares. This blockchain has an almost cosmic transaction processing speed, up to 80 thousand operations per second and is multifunctional. On it, you can issue cryptocurrency assets, create and develop various cryptocurrency projects, including full-fledged decentralized cryptocurrency exchanges. And a host of other possibilities. It is currently one of the most technologically advanced blockchains in the cryptocurrency industry. And it continues to develop.
On BitShares, entrepreneurs have the opportunity to create and develop decentralized autonomous organizations. The widest scope for people who want to develop their business. Absolutely niche area. And in terms of earnings, a great opportunity for investors, traders and market makers.
The question is, are there people on this blockchain? Yes, the smartest ones are already there. About two million registered users. A number of projects of various directions are already operating on the blockchain. In terms of exchange activities, this is an EVRAZ project - an electronic payment system and a decentralized exchange. It has a user-friendly interface with the ability to register registered anonymous registered accounts. By the way, unlike centralized exchanges, where the link is only to the dollar through stable coins, you can trade euros, rubles, yuan, yen, gold and many other algorithmic stablecoins on EVRAZ DEX. They are called smartcoins there. As well as other cryptocurrency assets.
But the most important! This exchange has a free and open source trading bot that you can use and customize to your specific needs. Simple and clear in settings. Naturally, with a great opportunity to make money without bothering with technical analysis and looking at countless market forecasts. And for this you do not need to be or consider yourself a trader, it is enough to have a desire to earn. This is a real, working mechanism for making a profit, regardless of the amount of money you have available for inclusion in circulation. Almost turnkey business. Where else can you find such an opportunity to receive a guaranteed profit?
So, study, look. If you like it, use it and earn. Or look for other options on how to get around the profits of Mr. Gerko. There are always options. The main thing is not to miss your chance. Smart people differ from stupid people in the speed of reaction to the happy opportunities that open up.