In less than a week PrimeXBT is due to launch its highly anticipated 100x leverage crypto trading platform. Already, more than 125,000 people have signed up to gain early access as soon as the platform goes live on the 4th Feb, 2019.
So why all the interest?
Traders can leverage anywhere from 1:1 up to 1:100 leverage on Bitcoin, as the other top performing cryptos: Ethereum, Litecoin, EOS and Ripple. This means increasing a position by much more than a traders initial deposit, thus increasing the profits accordingly. Eg. with an account balance of only $100, a trader can place a position as powerful as $10,000. So every $1 made in profit is multiplied by 100.
What’s more, is this leverage can be applied to all trades made on the platform - including short positions. This means traders can profit in all kinds of market conditions, which is perfect for day traders as it allows them to trade with the trend. This seems obvious right? However, there are only a handful of trading terminals that allow for shorting, and even less with leverage.
Advanced Orders Types
PrimeXBT features several advanced order types, such as: stop-loss, limit and protection orders that enable traders to manage risk, as well as OCO (one-cancels-the-other) and market orders to predetermine entry and exit strategies.
Liquidity, Liquidity, Liquidity!!!!
Probably one of the most exciting features of the new trading platform is its unprecedented liquidity. By aggregating liquidity from the 12 leading exchanges, Prime XBT enables traders to avoid slippage by drawing the best price from 12 different exchanges with the most volume, to the one platform in real time. Transactions are executed instantly - as if you were trading on 12 exchanges at once.
User Experience
The UI is user-friendly and highly customizable, making it fit for both novice and the most experienced/professional traders. The platform boasts multi-monitor support, the most sophisticated charting technology, paramount security and 24/7 support.
It’s no wonder this advanced trading terminal has drawn so much attention and is in such high demand, as it comes at such a timely point in cryptocurrencies history, as their markets are becoming more prevalent and respected, by the mainstream and traditional investors/traders alike.
To find out more check out PrimeXBT.com, or see the live demo with aggregated liquidity for BTC/USD in action here.