This week, our colleague Muhammed Aydogan had an in-depth video interview with Clemens Marckhoff, founder and managing director at First Coin, and member at Tribes Frankfurt Garden Tower. Take a look and learn everything about cryptocurrency and automated trading!
Almost everyone will have heard of the term Bitcoin. The digital cryptocurrency has its whitepaper dating back to 2009 and reached sky-high values in late 2017. Clemens (32) encountered cryptocurrencies in 2011 and has been fascinated ever since.
After a few years of casual trading on his own account, Clemens quickly saw the business opportunity of arbitrage.
His company basically provides an automated trading system which is working 24/7 in numerous cryptocurrency exchanges, exploring minor price differences and automatically buying and selling accordingly. This has enabled First Coin to grow its revenue from 121.000 euros in 2015 to a whopping 85 million euros in 2018, resulting in an average annual growth of 791%.
Making First Coin one of the fastest growing companies in Germany 📈