Over the past year, the crypto industry has seen rapid growth PrimeXBT, a margin trading platform that allows users to trade in various markets using leverage up to 1000x.
PrimeXBT's rise to the top of crypto-margin trading occurred as other competing platforms, such as BitMEX and Deribit, became embroiled in serious disputes that led to a mass exodus of traders from these platforms in search of better options.
Naturally, PrimeXBT was the first choice of these traders as an alternative to other platforms, since the abundance of trading tools and the wide range of functions offered by PrimeXBT will undoubtedly improve the experience and profitability of each trader.
The huge volatility inherent in cryptocurrency markets has attracted a significant number of traders to the nascent industry, which in turn has led to the formation of many trading platforms that allow users to use margins to increase the size of their positions.
For a long time, BitMEX monopolized the margin trading industry as a platform for selecting traders, but the launch of PrimeXBT introduced a new player in the market, which has since significantly reduced the dominance of BitMEX.
There are many different factors that have played an important role in the prime success of PrimeXBT, and to understand these factors you need to know why the platform is currently running all competitions and growing at such an unprecedented speed.
Here are just a few of these factors:
- Industry Leading Trading Tools – using the many high-quality trading tools offered by the platform, traders can better implement their strategies and set themselves on the path to success
- Customizable interface – create your own trading panel that suits your specific needs and preferences
Multiple Order Types - Use multiple order types to maximize your efficiency and ensure you never miss a perfect trade - Instant execution of orders – when making transactions in volatile markets, every second counts. That is why traders using PrimeXBT can fill orders instantly
- Credit Card Deposits – The first step to trading is to deposit funds, and users can easily and quickly do this using credit card deposits using Changelly.
- Private and safe – unlike competing platforms, traders on PrimeXBT can create completely anonymous accounts without exposing private or personal information
- Many ways to make a profit – don’t limit your profits to just trading income, becoming a PrimeXBT affiliate partner, traders can open up several new sources of income
- PrimeXBT boasts leading trading tools
- Access to a reliable set of trading instruments plays an integral role in the effective implementation of trading strategies, and traders on BitMEX and other platforms have long had to rely on third-party platforms to access these necessary tools.
However, PrimeXBT designed its platform in such a way that it was universal, with all the tools, charts, indicators and information that traders may need to develop and implement their strategies.
Immediately after entering the platform’s trading portal, traders receive advanced and fully customizable charts that allow them to view the dynamics of prices for various assets supported on the platform, on different timeframes and in different formats.
In these charts, traders can use a variety of drawing tools to start marking support and resistance levels, trend lines and, moreover, at any time. In addition, traders can also use a set of more than 50 indicators supported by the platform to further improve their understanding of both their charts and the technical strength or weakness of the assets they want to trade.