How PrimeXBT Has Become the Best Option for Crypto Traders in 2020

The cryptocurrency market in 2020 is a densely-packed collection of different exchanges and brokerages that traders and investors from around the world use in order to engage with the cryptocurrency market each and every day, in an industry which is worth billions of dollars.

As a part of this there are a large number of trading platforms which make up the cryptocurrency industry, with the total number of all cryptocurrency trading platforms amounting to hundreds of different places for users to trade at.

Even with the huge amount of options that are available for traders in 2020, the growth of one platform and the services and features that it provides stands out amongst the rest and has caught the attention of a large number of analysts and professional traders over the past few years.

In this guide I’m taking a look at PrimeXBT, it’s rapid growth over the past two years, the services, features, and benefits that the platform provides, and the reason that PrimeXBT has become the best overall option for cryptocurrency traders and investors in 2020.

What are Crypto Traders Looking for in 2020?

At the most basic level possible, cryptocurrency traders are concerned with generating profit, and generating as much of it as they can.

However although this is true there are much more nuanced needs and desires that cryptocurrency traders have, which while they are related directly to the profitability of trades, they should be considered individually and addressed specifically.

One of the major concerns of all cryptocurrency traders is the safety of the funds and of the information, with there being a high propensity for traders to have their funds stolen within the cryptocurrency market by low quality trading platforms and other negative actors.

Another major concern of cryptocurrency traders in 2020 is finding unique opportunities within the market that they can use to generate profit, which are not saturated by large amounts of other traders who are already using the strategy, but instead are fresh ground to be able to use to maximize profit.

How Has the Cryptocurrency Market Evolved Over the Recent Years?

While it is obvious that the difference in the cryptocurrency market from 2020 to 10 years ago when Bitcoin was frustrated is significant, even the difference between the cryptocurrency market today in the cryptocurrency market three or four years ago is dramatic as well.

After the last major bull run that occurred in 2016 and 2017, a huge number of new traders rushed into the market and begin trading cryptocurrency, and this led to the size of the market ballooning significantly, with this leading to increases in the number of traders, the amount of trade volume, and the number of trading platforms in operation.

As well as this, the sophistication of those who are trading cryptocurrency has generally increased as well, with higher numbers of traders than ever before using margin trading in order to maximize their profit and reduce the risk, and huge growth and some sectors of the cryptocurrency market such as crypto social trading as well.

Another major factor that has led to the trends that we have seen in the past few years and the evolution of the cryptocurrency market to the point that it is at now is the increase in the number of institutional investors from the mainstream financial industry that are now Investing in cryptocurrencies as well.

PrimeXBT Providing Markedly-Better Services for Crypto Traders

In response to the way that the cryptocurrency market has developed over the past few years, PrimeXBT is a platform that has launched and is a part of the next generation of cryptocurrency trading platforms which provide enhanced opportunities for the generation of profit.

Unlike many other cryptocurrency trading platforms in the market which are dated and have provided the same limited range of ways to trade cryptocurrency for a number of years, PrimeXBT has been at the forefront of an ongoing push to modernize the cryptocurrency industry.

Examples of ways that PrimeXBT has done this is with the creation and release of two unique ways to generate profit in the cryptocurrency market, PrimeXBT Turbo and PrimeXBT’s Covesting Module.

Turbo is PrimeXBT’s short-term Bitcoin-settled accounts trading platform which allows traders to simplify the way they engage with the cryptocurrency market, and provide the opportunity for traders to generate 90% profit in 30 seconds.

Instead of having to make complicated decisions, traders at PrimeXBT Turbo are able to generate high profits quickly by simply being able to accurately predict whether or not the price of an asset will increase or decrease over the course of trade.

PrimeXBT Covesting Module was developed in partnership with leading crypto social trading platform, Covesting, and is a peer-to-peer investment funds platform that allows experienced traders to create investment funds quickly and easily, and other traders to invest into them.

Neither of these kinds of trading are available elsewhere within the cryptocurrency industry and they are both unique and powerful ways of engaging with the market in order to maximize profits and minimize risk.

At Its Core, A Multi-Asset Margin Trading Platform

First and foremost, PrimeXBT is a margin trading-centric platform that provides access to a vast range of different financial assets that are spread across a range of different asset classes that include cryptocurrencies, stocks, forex pairs, and commodities.

Although PrimeXBT launched as a cryptocurrency-only trading platform, within a few months the platform had expanded its listings to include traditional assets as well, and this significantly differentiated it from all other cryptocurrency trading platforms in the market at that point.

As well as this, PrimeXBT has always had a focus on providing professional-grade margin trading tools and features, with industry-leading leverage of up to 100X provided on all cryptoassets, and leverage of up to 500X provided on all traditional assets on the platform.

This has ensured that at its core PrimeXBT has provided the widest range of opportunities available for traders to access, while providing the most powerful tools possible in order to monopolize upon those opportunities in both the crypto market and the traditional asset market.

In Summary

In a relatively short amount of time of just the past two years, PrimeXBT has grown exponentially to manage up to $2 billion worth of global trade every day, and today is the best option available for crypto traders on the market.

As well as being secure and a highly-accessible trading platform, PrimeXBT has provided a wide range of features and tools designed to maximize the profit to traders on the platform are able to generate, while reducing risk as much as possible as well.

To learn more about PrimeXBT and the tools that are available on the platform, as well as the ways that traders are using PrimeXBT in order to maximize their profit and to open up new opportunities for profit generation in the cryptocurrency and traditional asset markets of the world, check out this link.