Over the years, the award-winning PrimeXBT margin trading platform has evolved into a very different venue while retaining the essential roots that helped make the platform successful in the first place.
With the addition of copy trading, more than 100 different trading instruments, and several other breakthrough cryptocurrency-based products and services, it is time to review all the many benefits the PrimeXBT trading platform provides.
What Is PrimeXBT?
PrimeXBT is a cryptocurrency-based margin trading platform first launched in 2018 amidst the deep freeze of the crypto winter at that time. The platform immediately saw a surge in new users seeking to go short on cryptocurrencies like Bitcoin, Ethereum, and others.
As the cryptocurrency market bottomed out and became stagnant, trading mostly sideways, PrimeXBT introduced traditional assets such as gold, silver, oil, the S&P 500, and a vast lineup of forex currencies. When crypto got hot again, many new and trending altcoins were also listed.
Today, the platform is a dominant force in the cryptocurrency industry, able to withstand the recent market turmoil. While other platforms are falling apart and going bankrupt, PrimeXBT is winning awards like the Most Trusted Crypto-Asset Trading Platform.
Why 100+ Trading Instruments Matters
The natural evolution of PrimeXBT’s product lineup is an ideal example of how valuable such assets can be for crypto traders. When crypto prices are falling, long and short positions on Bitcoin, Ethereum, and other altcoins ensure capital is protected and profits are possible no matter the direction of the market.
When crypto lacks momentum or its characteristic volatility, traders can access other markets that trend at different times and intensities. The fact so many uncorrelated assets exist under one roof means that traders can build a risk-averse trading portfolio.
Because all trading is done using cryptocurrency-based collateral, there’s no need to sell your coins – use them for trading with leverage instead. PrimeXBT also packs built-in technical analysis software and other risk management tools to keep losses to a minimum, limit drawdowns, and take profit at critical levels.
How Copy Trading Is Changing The Game
The cryptocurrency market is in a depressed state, with investors too fearful of buying the dip. The confusion over the future of the cryptocurrency industry has sentiment at extremes, making trading challenging at this point in time. However, PrimeXBT copy traders have been able to earn as much as 4,000% ROI over the last year of a downtrend in financial markets.
Currently, copy trading at PrimeXBT is the only place in finance to continue to rake in gains reminiscent of a cryptocurrency bull run. And best of all, followers can automatically copy the trades of the strategy managers ranked in the PrimeXBT Covesting leaderboards.
Strategy managers earn a cut from each follower’s success fees, keeping these skilled traders incentivized to perform. All performance metrics are tracked transparently in the leaderboards so followers can make informed decisions about who to follow and how much capital to invest.
Many Additional Ways To Make Money
While margin trading, copy trading, and the more than 100 different trading instruments under one roof are primary competitive advantages for PrimeXBT, the list of features is barely getting started. For example, PrimeXBT yield accounts provide a variable return on investment through crypto staking right from within the account dashboard.
APY rates can be doubled by activating COV token memberships, which improve conditions for copy traders as well. By activating an Advanced, Premium, or Elite membership, strategy managers see discounted trading fees, while the profit-share model is drastically improved for followers.
Outside of the Covesting ecosystem, PrimeXBT offers an all-inclusive educational website called PrimeXBT Trading Academy, where there is a massive library of tips and trading guides. Traders can also earn themselves free starting capital with risk-free weekly trading competitions through PrimeXBT Contests.
Always Stay Connected To Global Markets With PrimeXBT
The entire full suite of PrimeXBT cryptocurrency-based products and services is available via the reliable desktop experience or the smartphone application for Android or iPhone. The mobile app lets users do everything from buying crypto to exchanging one crypto for another, plus manage a portfolio or copy trading positions all from the palm of their hand.
PrimeXBT security is second-to-none. The platform has never been hacked, relies on a revolutionary cold storage process, and is known for its high-safety standards. In addition to the Crypto Expo Dubai award for Most Trusted Crypto-Asset Trading Platform, PrimeXBT has been honored with several other industry awards – a hallmark of a trusted platform.
With profits taking a pause across crypto and other markets, PrimeXBT copy trading, margin trading, and a list of more than 100 different trading instruments make it possible to continue to make money using innovative investment and trading tools. Check out all the benefits yourself at the official PrimeXBT website today.
This article was originally published on Benzinga here.
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.
View source version on newsdirect.com: https://newsdirect.com/news/copy-trading-margin-trading-100-assets-all-benefits-of-primexbt-trading-platform-explained-705368601
2023 News Direct Corp.