A large number of people enthusiastic about the Bitcoin space are heavily invested in cryptocurrencies – and often in more than one, since swapping one cryptocurrency for another to exploit arbitrage opportunities is easier than swapping between cryptocurrency and USD. This can easily become difficult to keep track of, as investors find themselves wrangling large spreadsheets to keep track of the current price of their investments, calculate total earnings, and generally have access to the information they need to make quick, sound financial decisions.
Startup CoinFinance has been offering a solution for the investors for some time. For those who didn’t know: The site, which was announced on BitcoinTalk forum on February 2oth as a “Google Finance but for cryptos,” allows you to build portfolios of cryptocurrencies, keep track of their activity, and see your total investment status at a glance. The service is anonymous (it collects no information about you, and you log in with a randomly generated hash), and supports more than hundred cryptocurrencies, including Bitcoin, LiteCoin, DogeCoin, and BlackCoin. Users can create multiple portfolios, if they want, and suggest new cryptocurrencies to support.
The site provides a number of clever features for keeping an eye on the cryptocurrency space: It keeps track of major news, and provides a daily chart of the biggest winners and losers, usually very small cryptocurrencies that have gained or lost ninety or one hundred percent of their value.
On the whole, CoinFinance looks like a useful tool for cryptocurrency enthusiasts and investors, and I look forward to seeing what it grows to become. The site advertises 4, 153 portfolios in use at time of writing.
Note: This article is part of a new series in which we give shout-outs to Bitcoin businesses that we think are cool – This article is not a paid advertisement, and we have no agreement of any kind with CoinFinance.