Already, PrimeXBT is breaking ground in a number of fields; offering the highest leverage to the greatest number of major crypto-assets, access to 30+ of the world’s most lucrative traditional financial instruments with up to 500x leverage, and is the first crypto trading platform to offer multi-monitor support for the display of multiple trading charts across two or more screens.

Now, the innovative trading platform is pioneering new trading opportunities yet again, with the upcoming launch of the Covesting Module.

The Covesting Module is a full and free peer-to-peer fund management system provided conjointly with the expansive range of advanced trading tools and asset offerings available on PrimeXBT. This will make PrimeXBT the first cryptocurrency trading platform that extends the possibility to co-invest by either creating or joining professional trader’s funds so as to profit from one another, and alongside one another.

The cutting-edge trading technology created by Covesting was initially designed for cryptocurrencies only, however, by partnering with PrimeXBT it will maximize its full potential by teaming it with PrimeXBT’s most advantageous features. For instance, the ability to take long and short positions, manage risk with advanced order types, and utilize the highest possible leverage across both crypto and traditional assets.

The Covesting Module Preview was released earlier this week on the 7th August, which provides both fund managers and its investors the unique opportunity to significantly increase their profit potential.

How Does it Work?

Fund Managers:

Anyone can become a fund manager by creating a fund for others to invest in, and profit by receiving a commission of the profit share earnings of their following investor’s success fees. The funds are made public so that investors can view the rankings, descriptions, and performance data relative to each corresponding fund (see images below).

Fund managers are encouraged to market their fund and grow their following via social media, blogs, forums, etc. There is no limit to how many people can join your fund, thus no limit as to how much you can potentially earn by just trading as usual.

Investors:

Investors have the opportunity to view and compare the performance and ratings of all managed funds, based upon its ROI, the number of investors, fund creation date, drawdown ratio, and much more. This allows investors of any skill level to join in and take advantage of another trader’s experience, advanced strategies, and enjoy the exact same profit/loss ratios of professionals - without the need for extensive due diligence.

Upon joining a fund, it is added to the investor’s portfolio (see image below) in which they can view its real-time performance data and income generated. Investors can also opt to leave a fund and withdraw any investment made in the same increments it was made if they change their mind.

Mutually Beneficial & Favorable Trading Environment

By combining the mutually beneficial and highly profitable Covesting Module with PrimeXBT’s favorable and sophisticated trading environment, traders are presented an unprecedented opportunity to learn and earn - irrespective of their trading experience.

For more information about PrimeXBT, check out: https://primexbt.com.

Or, for more on Covesting’s technology, head to: https://covesting.io.