As you guys might have seen, we have plans to bring stocks and crypto to the app.
We have been thinking quite a while about this and we think we should go beyond tracking and allow a real experience to happen in Emma.
For stocks, we’ll only launch US equities at first, while for Crypto we are thinking to support the top 10 tokens (BTC, ETH, ADA, DOT, LINK and so on…).
We have some early screenshots to share and it would be great to get some feedback about what you guys have been using.
One of the basic functions I’d need for it to interest me is the ability to export transaction history in CSV format. This could then be imported into tax software.
I mention because some crypto platforms launch without this basic functionality (e.g. Ziglu).
This is a nice touch. Is there anything super basic to add as well? We are really talking about adding a graph, buy/sell and start with something minimal.
Maybe some basic information on market data when you tap on a coin (market cap, volume, etc) and ability to set alarms for big price rise/falls.
EDIT - Just noticed in the screenshot you’re already including market cap data and possibly an alarm. I’m not sure there’s much more to add if you just want to start basic.
Outside of the app itself you should perhaps look into whether you need to register as a cryptoasset firm with FCA. Not sure if you do but it would probably add credibility.
Please consider somehow making trading opt in. If you enable trading stocks by default I (and I’m sure others) will have to leave the app because I can only have accounts with approved brokers. I would be sad to give up my Emma Pro but not sad enough to lose my job over it.
I already had to close my Freetrade account for this reason.
The display seems to be mixing together stocks and crypto (ethereum in same list as stocks). I’m not sure this is appropriate - crypto shouldn’t be thought of in the same way as stocks in my opinion. Also, from a practical perspective the daily movers list will often just be dominated by crypto.
On another topic - whilst I expect you probably won’t provide ISAs from the start, I suppose they may be in longer term plans. If so, it may be worth considering how GIA and ISA accounts would eventually co-exist in the tab. Dozens (for example) doesn’t currently provide in-app visibility of the separation between GIA and ISA accounts (no toggle to switch between GIA and ISA). Everything just gets mixed together in the app and the separation only exists behind the scenes. My guess is this was a planning oversight; it makes for a horrible user experience.