Why is PrimeXBT The Best Choice for New Zealand Crypto Traders?
Competition in the New Zealand crypto market has been heating up over the past few years as there has been a huge influx of new traders entering the market following 2017’s dramatic and highly-publicized bull run.
While we’ve seen New Zealand’s largest local trading platform, Cryptopia, succumb to hackers last year, a range of other players have stepped in to service the growing number of Kiwi traders.
One platform has mirrored its rapid expansion globally within the New Zealand market also, and because of savvy marketing and a professionally-made, featured-packed platform has secured significantly more market share than any others.
We’re breaking down the growth of PrimeXBT in the New Zealand cryptocurrency market, looking at some of the factors that have led to PrimeXBT’s success, and assessing the New Zealand market as a whole.
The New Zealand Crypto Market is Poised for Huge Growth
As it is in many other parts of the world, cryptocurrency is becoming more popular in the New Zealand market every year.
However, unlike a lot of other parts of the world, the New Zealand market is experiencing exponential growth in the number of traders that are active every day, as well as the trade volume moving through the New Zealand cryptocurrency market.
A combination of the extensive media coverage of 2017‘s epic bull run that saw the all-time high of Bitcoin pushed up to almost $20,000, as well as an expansion of the number of trading opportunities that are available in New Zealand, has a lead to growth which is outpacing many other parts of the world.
Now the market in New Zealand is poised for the huge growth that is on the horizon, with the development of the infrastructure supporting the NZ crypto market over the past few years leading to a fertile ground for the general population to interact with traders and investors, as digital currencies move further and further into our everyday lives.
What’s Been the Impact of PrimeXBT Entering the Market?
One platform that has seen more success than others has been multi-asset margin trading giant, PrimeXBT, which launched its operations in early 2018, and first began to enter the New Zealand market in a significant way later that year.
Although there were a number of local platforms that were providing services to New Zealanders prior to PrimeXBT entry into the market, the platform rapidly secured market share from the incumbents.
One of the most striking impacts of this move was that the price of trading dropped substantially for New Zealanders as a result of PrimeXBT providing the lowest fees on the market of just 0.05% across all trades.
Why is PrimeXBT The Best Choice for New Zealand Crypto Traders?
PrimeXBT’s presence in the market has grown substantially as a result of a number of factors that have all contributed to the success and adoption of the platform.
This includes the fact that for the first time New Zealanders have been able to manage a diverse range of different asset classes in a single account using PrimeXBT, being that the platform provides a wide range of cryptocurrencies, forex pairs, commodities, and stock indices.
As well as this, PrimeXBT is a professionally-made trading platform that has a powerful trading engine that can execute up to 12,000 trades per second, and that sees up to $2 billion worth of global trade pass through its doors each and every day, with high liquidity across all assets.
Industry-Leading Crypto Margin Trading
First and foremost, PrimeXBT has outperformed its competitors based upon it riding the waves of popularity of margin trading in the cryptocurrency industry over the past few years, with more New Zealanders than ever margin trading cryptocurrency.
Unlike other trading platforms that provide limited leverage of a maximum of 5X, PrimeXBT provides industry-leaving leverage of up to 100X across all cryptoassets, and up to 500X across all traditional assets listed on the platform.
New Zealand traders and investors can margin trade a wide range of cryptoassets that include BTC, ETH, XRP, LTC, and EOS, stock indices that include S&P500 and FTSE100, forex pairs that include EUR/USD and AUD/CHF, and commodities that include gold and oil.
Other Features and Benefits
Other factors in PrimeXBT’s dominance in the market have been the bank-grade security measures that are implemented throughout the site such as mandatory Bitcoin address whitelisting and the cold storage of digital assets with multi-signature technology, which have ensured, unlike many other platforms, that PrimeXBT has never been hacked and that users’ funds have remained safe.
PrimeXBT also provides a very range of ways for users to generate profit in the cryptocurrency market, including with use of PrimeXBT’s 4-tier referral program, that rewards not only direct referrals but also indirect referrals for 4 levels deep, with this program generating more than $1 million in revenue for the top 3 affiliates.
As well as this, trader and investors at PrimeXBT have a wide range of ways to connect to their trading accounts available, such as via desktop, mobile, and both of PrimeXBT’s iOS and Android apps, with a full feature set across all mediums, and ensuring that global markets are accessible in all situations.
In Conclusion
As the New Zealand cryptocurrency market has rapidly expanded over the past few years, and as New Zealand’s previous major trading platform, Cryptopia, succumbed to hackers during the same period, many international platforms have begun to provide services to New Zealand traders.
PrimeXBT has secured more market share than any other platform over the past few years as a result of the value-driven features and services that the platform provides, and the platform’s focus on providing high-leverage margin trading that has been in demand for years and is growing in popularity.
To learn more about PrimeXBT, the features and services that New Zealand traders are enjoying, and other information about the platform, check out this link.