The time traders have been waiting for is almost here: the highly anticipated Crypto Futures platform is about to launch on PrimeXBT. Before the full release, our team of traders and analysts can test the platform and see the new design, new features and more.
We have to warn you, reading the preview below will make the wait even more difficult as early reviews say the product is a game changer for the award winning cryptocurrency trading platform. Find out why the early testers of PrimeXBT Crypto Futures are excited about what's in store for them in the near future - no pun intended!
© Provided by Benzinga screenshot_2023-03-14_at_10.39.43_pm.pngImproving a Formula That's Nearly Perfect
“If it ain't broken, don't fix it” is the stance shared by most trading platforms. PrimeXBT's current margin trading experience is the best. The cryptocurrency-based platform has made great strides in the market in just five years, surviving two bear markets and winning a number of industry awards.
Despite a near pristine experience, PrimeXBT is constantly improving every aspect of its platform, from copy trading to mobile apps, trading tools and more. The company made a big statement about the “future” by announcing a Big Bounty competition in early 2023 to test the new Crypto Futures product.
PrimeXBT is rewarding users with over $100,000 in prizes to help improve the experience and get it ready for its public debut in the coming weeks. During this testing phase, we were granted exclusive access and were able to test the platform before the public launch.
© Provided by Benzinga screenshot_2023-03-14_at_10.39.58_pm_0.pngLong and short most popular cryptocurrencies
PrimeXBT Crypto Futures has an updated layout and design that can be customized to suit each user's personal preferences. Just click to activate or deactivate any part of the layout, such as the watchlist, positions, or new entries, such as the order book, which can be used to determine the strategy of other market participants.
Various cryptocurrency trading pairs are available, including popular coins such as bitcoin, ethereum, dogecoin, litecoin, and more. Additional altcoins are available in major categories such as DeFi, GameFi, Metaverse, and more.
Important tools and features that users are familiar with have been included in the Crypto Futures platform. Long and short positions are still available through market, limit or discount registrars. Advanced order types and risk management tools have been re-enabled.
© Provided by Benzinga screenshot_2023-03-14_at_10.40.11_pm.pngNew Margin Allocation System Gives Traders More Control
One of the most important and significant changes concerns the margin distribution system. PrimeXBT has historically offered a 200x leveraged cross margin system for cryptocurrencies. The amount of leverage applied to a position depends on its size.
In the new and improved Crypto Futures product, leverage can be applied using a cross or isolated margin system and adjusted using a sliding scale. The applicable margin and leverage allocation system is subject to change at any time and will affect all available positions and pending orders.
This new system provides more granular control over the degree of risk applied to the capital used and allows trades to be adjusted according to any risk appetite. All information becomes crystal clear when placing or changing orders, so traders always understand the consequences of their decisions.
© Provided by Benzinga screenshot_2023-03-14_at_10.40.22_pm.pngGet technical insights with PrimeXBT's powerful trading tools
PrimeXBT Crypto Futures is designed for beginners and professional traders alike and comes with built-in technical analysis software from industry leader TradingView. Traders do not need to leave the platform to enjoy the best charting tools. Draw trend lines, activate technical indicators or look for trend directions.
Placed orders are displayed on charts in real time, giving traders a clear picture of the big picture, allowing them to determine where to place stop losses, profit targets and more. Open orders are also added to the area below the chart, providing a detailed overview of each trade. Information includes opening price, liquidation price, unrealized profit, margin type and more.
PrimeXBT will continue to provide key support services such as the PrimeXBT Trading Academy where traders can learn how to use the above tools and information. An educational site with market news, trading tips and more. PrimeXBT will continue to focus on copy trading and will offer weekly trading challenges as part of the PrimeXBT competition.
Resume Preview
Other aspects of PrimeXBT aren't going anywhere either. For example, access to traditional markets such as commodities, stock indices and forex fixed currencies is available separately from the Crypto Futures platform. The same commitment to customer service and quality, as well as the same robust trading engine, will be carried over to the new and improved platform.
The PrimeXBT mobile app for Android and iPhone will finally receive an update to include the PrimeXBT Crypto Futures platform when it launches in the coming weeks. Enthusiastic users who can't wait to get their hands on the new PrimeXBT trading product can sign up for a free account today and get started.
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This post was written by external contributors, does not represent the views of Benzing, and has not been edited for content. This content contains sponsored promotional content and is for informational purposes only and does not constitute investment advice.
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