Much awaited Crypto Futures Trading is coming soon to PrimeXBT

Much awaited Crypto Futures Trading is coming soon to PrimeXBT

The time traders have been eagerly waiting for is almost here: the much-anticipated Crypto Futures platform is about to debut on PrimeXBT. Ahead of a full public release, our team of traders and analysts got to test drive the platform and check out the new design, brand new features and more.

We have to warn you: reading the preview below will make it much harder to wait because the first feedback is that the product is a game-changer for the award-winning cryptocurrency trading platform. Find out why early testers of PrimeXBT Crypto Futures are excited about what’s coming in the near future future – Sorry for the pun!

Improve on an already near-perfect formula

“If it ain’t broke, don’t fix it” is the attitude most trading platforms take. PrimeXBT’s current margin trading experience is about as good as it gets. The cryptocurrency-based platform has achieved great success in just five years in the market, surviving two bear markets and winning numerous industry awards.

Despite the near-flawless experience, PrimeXBT is constantly making improvements to all aspects of its platform, from copy trading to the mobile app, trading tools and much more. The company has teased a big “future” announcement, announcing in early 2023 a Big Bounty Contest to test a brand new Crypto Futures product.

See also  "Why isn't anyone talking about this?" — Twitter's Crypto Spam Problem Rises with Legions of CZ Bots, Vitalik Impersonators Verified - Featured Bitcoin News

PrimeXBT awarded over $100,000 in prizes to users who helped refine the experience and get it ready for a public debut in the coming weeks. During this test phase, we were given exclusive access and could try out the platform before the public launch.

Long and short The most popular cryptocurrencies

PrimeXBT Crypto Futures has an updated layout and design, which can be customized to suit each user’s personal preferences. Just click to turn each part of the layout on or off, such as the watchlist, positions or new additions like the order book, which can be used to help you strategize around what other market participants are doing.

A wide variety of cryptocurrency trading pairs are available, with popular coins such as Bitcoin, Ethereum, Dogecoin, Litecoin and more. Additional altcoins are available from important categories such as DeFi, GameFi, Metaverse and others.

Key tools and features users are familiar with have carried over to the Crypto Futures platform. Long and short positions are still available via market, limit or stop orders. Advanced order types and risk management tools are again included.

Brand new margin allocation system gives traders more control

One of the most significant and notable changes is the marginal allocation system. PrimeXBT previously offered a cross margin system with up to 200x leverage on cryptocurrencies. How much influence was applied to a position was based on sizing.

In the new and improved Crypto Futures product, leverage can be used via a cross or isolated margin system and adjusted via a sliding scale. The margin allocation system and the amount of leverage to be used can be changed at any time and will affect all available positions and pending orders.

See also  Firefighter has pension funds locked up in bankrupt crypto lender

The new system provides more precise control over how much risk is applied to the exposed capital, allowing trades to be fine-tuned to suit any risk appetite. All information is made crystal clear when an order is placed or changed, so traders always understand the impact of their decisions.

Get technical with powerful PrimeXBT trading tools

PrimeXBT Crypto Futures is designed for both beginners and experienced traders, and features built-in technical analysis software from industry leader TradingView. Traders never need to leave the platform to enjoy best-in-class charting tools. Draw trend lines, turn on technical indicators, or look for the direction of the trend.

Orders placed are displayed on the charts in real-time, giving traders an accurate look at the bigger picture to determine stop-loss placement, profit targets and more. Open orders are also added to the area below the chart, providing a snapshot of the details of each trade. Information includes open price, liquidation price, unrealized PnL, margin type and much more.

PrimeXBT will continue to provide essential support services such as the PrimeXBT Trading Academy, where traders can learn how to use the above tools and information. The educational website is filled with market updates, trading tips and more. PrimeXBT will continue to focus on its copy trading experience and offer weekly trading competitions through PrimeXBT competitions.

Preview summary

Other aspects of PrimeXBT are also getting nowhere. For example, access to traditional markets such as commodities, stock indices and forex currencies will remain available separately from the Crypto Futures platform. The same commitment to customer service and quality and the same reliable trading engine will power the new and improved platform.

See also  US Revenue Collector IRS Sends Four Cryptocrime Investigation Agents Abroad - Bitcoin News

The PrimeXBT mobile application for Android and iPhone will eventually receive an update to include the PrimeXBT Crypto Futures platform when it arrives in the coming weeks. Interested users who can’t wait to get their hands on the brand new PrimeXBT trading product can sign up for a free account today and be ready the second it goes live.

Featured image sourced from Shutterstock

This post was written by an external contributor and does not represent Benzinga’s opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and is not intended to be investment advice.

© 2023 Benzinga does not provide investment advice. All rights reserved.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *