The foreign exchange (forex or FX) market is the largest and most liquid trading market in the world, running 24 hours a day - 7 days a week. Likewise, Bitcoin and cryptocurrency markets also operate 24-7 and present an immense opportunity as its popularity continues to ever increase.
While the possibility to interchangeably trade the two asset classes is not a new concept via forex exchanges, there aren’t many crypto-based exchanges that yet reciprocate and allow for the trade of forex assets on their platforms.
The first of its kind, Prime XBT, a bitcoin-based 100x leverage trading platform just launched a new branch of trading possibilities, which include:
Indices: Access the most popular indices such as S&P500, FTSE100, JAPAN, and much more.
Forex: Go long or go short on 25 Forex majors with leverage up to 1000x.
Commodities: Speculate on the prices of high profile commodities such as oil and gold, and profit from their growth and decline.
In addition to its core functionality for:
- Cryptocurrencies: Trade long or short on the top 5 crypto assets: BTC, ETH, XRP, LTC, and EOS with 100x leverage.
There are several benefits of a bitcoin-based trading platform like Prime XBT to facilitate this mixed fungibility, as opposed to a forex based trading platform. Such as:
Significantly lower trading fees: 0.05% on all trades and assets.
Comparatively tiny minimum deposit: 0.001 BTC (eq. to approx. $5).
No Transaction Costs: All bitcoin transactions are digitally recorded on public networks without any involvement from banks.
No global boundaries: Bitcoin eliminates global transactional boundaries.
No KYC: Prime XBT requires no personal information. Only an email address is required to set up an account.
Security: With BTC transactions, you can avoid revealing your bank account or credit card details. PrimeXBT’s integration with Changelly allows for deposits to made in 130+ cryptocurrencies (although debit/credit card deposits are also an option if preferred).
PrimeXBT is one of the most popular bitcoin-based platforms for active traders with a rich suite of innovative tools and advanced features, necessary to manage and execute orders and analyze market data.
Prime XBT Platform Features
Fully customizable workspace: intuitive visualization of market data with an extensive suite of trading tools. Add, remove, or resize widgets according to personal preference.
Professional charts: place trades, manage orders and work directly from the integrated charts. Use the comprehensive set of drawing tools and over 50 technical indicators to analyze market trends.
Multiple order types: to give you the essential tools to execute your trading strategy, providing increased flexibility and risk management options on how you enter trades.
Secure wallets: users can withdraw, deposit and store assets in the personal secure wallet. All assets are securely held in an offline storage system to protect against any potential risk or threat.
Aggregated liquidity: Prime XBT pools liquidity from a dozen leading vendors to ensure the best possible price with instant order execution.
Real-time risk management: the platform enables cross-margin trading and automatically performs full risk checks after every order.
Here’s a quick 30-sec brief video about Prime XBT:
For more information, head to https://primexbt.com