Crypto Pundits Predict PrimeXBT to Record Over $250 Billion in Trading Volume By September 2019
Following a year-long extremely bearish trends, the crypto-industry started off 2019 with visible silver linings. Trading volumes especially have been on the rise all across the board. New crypto trading platform PrimeXBT hopes to benefit from this trend.
PrimeXBT is a trading platform that allows traders to use margin and leverage trading on Bitcoin and other coins of up to 100x. Already, the exchange is beating CME Bitcoin Futures trading volume and seeing daily volumes of over $100 million in trading—making it one of the larger and more established platforms, especially for leveraged Bitcoin trading. At this rate, they will surpass $250 Billion in trading in less than 6 months.
The exchange hosts a simple and easy sign-up process. Traders can begin using the platform the same moment they signed up and the PrimeXBT registration process takes less than a minute. There is also no KYC aspect to the sign-up so traders do not need to give personal information like passport, tax, or identification numbers. All accounts are free to open as well.
PrimeXBT is built on a foundation of decades of traditional market experience. This ensures the platform has a bank-grade infrastructure and the highest level of safety and security for its users. Their security is regularly and frequently stress-tested by the platform’s team of developers to ensure all user’s funds are safe, secure, and ready to be traded at all times.
Their key feature is trading which is a tool that allows traders to take profitable advantage of smaller price movements because it can multiply gains or losses in either direction. Leverage works by using a deposit, known as “margin”, to provide you with increased exposure. Essentially, you’re putting down a fraction of the full value of your trade – and PrimeXBT is providing you the rest. Our products allow traders to gain exposure to major cryptocurrencies, such as Bitcoin and Ethereum and others, without tying up lots of capital.
PrimeXBT also features short-selling. A trader might “short” a coin or asset when they want to bet on that asset declining in price and value. If you think Bitcoin is oversold and will drop in price, you can earn capital by “short-selling” it. This opportunity gives traders the ability to bet on the price of Bitcoin going up or down, where regular investing (buying an asset) typically means an investor thinks the value will increase.
Considering these new features, it is likely that PrimeXBT will become increasingly popular in the crypto community in the foreseeable future.