PrimeXBT, a crypto trading company, has decided to release a new app for iOS devices. The company is known for handling over $200 million USD in transactions daily. The new app will be used to leverage your account for margin trading.
According to the company, it can be used for several cryptos and financial instruments such as forex trading, commodities and indices. By using the app, the customer can also monitor data about the market and track multiple portfolios of different assets, as well as have access to specialized news. Several historical charts and analysis are easy to find with a couple of clicks, too.
At the moment, the margin trading options of the company cover 18 currency pairs and offer some other investments such as precious metals (gold and silver). stock indices and contracts for difference (CFD) for oil and gas. Leverage is also pretty big. Clients will have 1:100 leverage on all the assets offered by the company on the app.
The company was founded last year and it has been offering most of these services on its online site for a while. According to its team, the main goal is to bridge the gap that currently separates cryptos and the other asset classes.
Recently, PrimeXBT has decided to start several partnerships which will work in an strategic way to expand its business offerings. The first of these important partnerships was done with Covesting back in April. Covested helped the company to integrate its COV tokens into the trading system of the company.
A spokesperson for the crypto exchange affirmed that the Android app was launched recently and that it was a very successful launch. After that, several people started to ask for an iOS version as well, so this new launch is because of their demands.
As you always, you should remember that leverage trading is extra risky, especially when you got as much leverage as 100 times. Avoid using this kind of trading strategy if you are not 100% sure about what you are doing or you may incur severe risks.