Read this review to understand that Fidelity Coinhub AI Quantitative Trading is not a legit investment platform. It is a a fraud that is going to collapse.
What is Coinhub AI Quantitative Trading
Coinhub AI Quantitative Trading is an online investment platform that supposedly is financed by Fidelity International. They also claim that it is a joint project between Coinbase and Fidelity.
The main function of the Coinhub platform is automatic trading based on artificial intelligence (AI) and quantitative methods.
While Coinhub AI Quantitative Trading has plans for cryptocurrency mining, the metaverse, games and even its own FUB token, the main offer currently is USDT “pledging” which generates profits.
All they ask you to do is to deposit your tethers (USDT) in their wallets which is supposed to generate you substantial returns. Users report 25%+ returns per month.
But can you trust Coinhub AI Quantitative Trading, is it really a legit project of Fidelity International?
Coinhub AI Quantitative Trading scam
Our researched showed that Coinhub AI Quantitative Trading is in reality a monster scam based on a Ponzi scheme. It has nothing to do with Fidelity International, Coinbase or any other reputable company. In this review we provide all the details.
Not owned by Fidelity International
Coinhub claims on its website that it is fully owned by Fidelity Funds, which should give it a fair amount of credibility. Because Fidelity International is big investment company that has more than 800 billion USD in assets under management.
The problem is that it is not true. Coinhub AI Quantitative Trading at fidelity-coinhub.com has nothing in common with Fidelity International.
In reality it is a new scam that is abusing the identity of Fidelity. This fraudulent website was created in April 2022, it is only two months old. See our picture below.
No Coinbase partnership
Coinhub AI Quantitative Trading says on its official website that the cryptocurrency exchange Coinbase is a partner of the project. It is not. You can contact Coinbase and see for yourself.
By the way, the name Coinhub is officially used by a cryptocurrency wallet that has nothing in common with the Coinhub AI Quantitative Trading scam either.
This fraud obviously abuses several established names in the crypto industry to create confusion and look legit. It is a dirty trick that some might find difficult to see through.
Another thing that Coinhub AI Quantitative Trading took without authorization is the profiles of its alleged team. People they show on their website do not work for this scam project!
Let’s take the alleged founder and CEO Robert Cortright as an example. A brief look at his LinkedIn page reveals that he has nothing to do with Coinhub AI Quantitative Trading. He is the founder and CEO of DriveWealth which is a totally different company not connected to the Coinhub scam in any way.
And the same story applies to all people that are displayed on Coinhub AI Quantitative Trading’s official website as part of the team – they are not at all part of the team.
Coinhub says that its platform will trade digital assets (cryptocurrencies) risk-free for you. However, there is no such thing. Crypto trading is never risk-free. In fact, it always is very risky.
Coinhub AI Quantitative Trading is just throwing fancy blockchain terms at you hoping that they will impress you and make you believe that there are technologies that can make trading risk-free. There are not.
Anybody who says that they will make you money in crypto trading risk-free, is simply a scammer. That’s just the way it is.
Coinhub AI Quantitative Trading is planning to throw their own FUB token in their fraudulent mix. It is the favorite tool of scammers.
You see, in the past Ponzi scams paid in their early phases their users with real money. Nowadays Ponzis like to create their own token and give it an arbitrary price. The token is not traded on any real exchange, so scammers can dictate the price.
So they will pay you your profits in their token saying that it has value. But when the whole thing collapses, you will realize that you hold a worthless FUB token that you can’t sell anywhere. It’s a way of scamming you even more.
And finally, let’s address what caught our attention the most when analyzing Coinhub AI Quantitative Trading. People are reporting that they are being paid about 25% monthly, while they can see their first earnings within 12 hours.
This screams scam on all fronts. First of all, in trading you can never have steady returns every day, let alone multiple times a day. It is just not possible because markets don’t behave the same all the time.
Secondly, 25% is something that no legit company can achieve in a month. Just look at the recent collapses of Celsius and Luna, these multi-billion projects were not able to sustain 20% per year.
25% per month is something that you will see with Ponzi schemes only. You might not like it, but it is a fact. The sooner you accept it, the more scams you will be able to avoid.
Not regulated and illegal
There is no doubt that Coinhub AI Quantitative Trading provides investment services. They want you to deposit money with them and they promise that they will grow your account thanks to trading.
As such, the project needs approval from financial regulators in every country it is present and is seeking customers in, so at least the US, UK, Japan and Singapore.
But Coinhub AI Quantitative Trading is not authorized anywhere. You can check for example with UK’s Financial Conduct Authority. You can also check with your national financial regulator in your country.
How Coinhub AI Quantitative Trading really works
We have already touched the subject, now let’s go into more details. Coinhub AI Quantitative Trading is a Ponzi scheme.
As we have already explained, it is not owned by Fidelity, Coinbase is not a partner, it has no professional team behind it, it has no sophisticated trading technology. In fact, it is not doing any profitable crypto trading at all.
What Coinhub is doing is taking money on deposits and redistributing it on payments to older members. A classic and illegal financial pyramid that by definition has to collapse.
Ponzi schemes pay their members in the early stages because when the project is new, members are coming quickly and they deposit money. But these illegal pyramids need an exponentially growing stream of incoming money, which can’t happen, so they always end up in a total crash.
It is only a question of time, Coinhub AI Quantitative Trading is going to collapse.
Coinhub AI Quantitative Trading review – Conclusion
Coinhub AI Quantitative Trading is a Ponzi scam that is not connected to Fidelity, Coinbase or any other reputable entity. It runs an illegal financial pyramid with unsustainable rewards. You have to stay away from it.
If you are interested in legit crypto investing, you can try it on a free demo on a regulated platform.
Remember that crypto trading/investing is always risky, you have to understand that before using any real money.