Cheetah Mobile, an app developer based in Beijing, today announced that it is releasing an app to make it easier for investors to monitor their cryptocurrency portfolios.
Duplicate Coin Master, the mobile app – available for both iOS and Android – tracks cryptocurrency real-time prices on over 100 trades and automatically calculates total losses or profits after users update their trading histories.
The company said that investors are able to update their portfolios by manually entering their transaction information, including fiat-to-crypto and crypto-to-crypto transactions, or by linking the app with their wallets or exchanges on which the resources are stored.
Cheetah Mobile's senior vice president, Edward Sun, said the new product allows cryptocurrency investors to "check the status of their businesses anytime, anywhere."
Publicly traded on the New York Stock Exchange, Cheetah Mobile was renamed by Kingsoft Security in 2010 and is a subsidiary of Kingsoft, one of the oldest and largest software companies in China. In particular, the vice president of the company is Lei Jun, the famous Chinese entrepreneur who founded the electronics manufacturer Xiaomi.
The release of the app follows Cheetah Mobile's entry into the cryptocurrency space in January, when it launched an app wallet for Android and iOS devices.
In addition, Tong Huashun, an app for traceability and stock of widely used securities in China, briefly launched a cryptocurrency price monitoring service last month, but later on it seems to have removed the functionality, probably to due to regulatory uncertainties in China.
Image of mobile trading through Shutterstock