Tradefor is pleased to announce a long-term licensing agreement with UpTrade — an up-and-coming robo-advisory firm specializing in income-generating investment strategies. The product licensing agreement between the two companies opens the door to a diversified product offering that bridges conventional stock trading with decentralized finance (DeFi).
UpTrade specializes in execution of risk-manged short option positions that includes covered-call, short-put and short-strangle strategies. Its partnership with Tradefor provides an innovative, peer-to-peer trading platform that uses the public Ethereum blockchain to distribute tokenized incentives to its customers. This gives customers the ability create income-producing strategies that are largely automated. Proceeds from successful option trades are directly deposited into a customer’s bank account, or crypto wallet, using a unique harvesting function.
UpTrade was founded by Peter Seed, a founder of TradeKing.