PrimeXBT Growing Rapidly in the Irish Crypto Market in 2020
The structure of the cryptocurrency industry is always rapidly changing as new platforms enter the market superseding other platforms by bringing with them newer, better forms of value for cryptocurrency traders around the world.
Over the last few years one platform that we have seen enter the Irish cryptocurrency market and dominate has been PrimeXBT, which is a platform that is packed with a wide range of advanced features that have not previously been offered by incumbent platforms in the Irish market.
One of the biggest trends that have been seen in the global cryptocurrency market over the past few years is for the increased sophistication of traders and investors, both in the strategies that they have used in the cryptocurrency market, as well as their selectiveness in the kinds of platforms that are preferred to be traded at.
This has resulted in the rapid growth of PrimeXBT in the Irish market over the past few years, and therefore we’re taking a deeper look into exactly what this platform offers traders and investors.
What is PrimeXBT?
PrimeXBT launched a little over two years ago and has quickly grown to become the world's largest multi-asset margin trading platform, listing one of the widest ranges of assets to trade anywhere online, and managing up to $2 billion worth of global trade every day.
PrimeXBT started out as a cryptocurrency-only trading platform, but within a few months of operation had already expanded into a range of different traditional assets such as stock indices, commodities, metals, and forex pairs.
At its core, PrimeXBT is margin-trading-focused and provides advanced margin trading tools such as industry-leading leverage of up to 100X on all cryptoassets and up to 500X on all traditional assets, as well as advanced order types and other margin trading tools.
One factor that has had a big influence on the rapid growth of PrimeXBT in the Irish market has been that the platform provides the lowest fees of any major cryptocurrency trading platform on the market today, with a flat rate of just 0.05% applied to all trades, irrespective of the size of the trade all of the asset class being treated.
The Irish Crypto Market in 2020
While the Irish market has always been a significant contributor to the global cryptocurrency market since the very earliest days of cryptocurrency trading, it has really been over the past few years that the Irish market has taken off and the number of traders and investors in Ireland has exploded.
A trend has been seen over the past few years for a number of international platforms to be noticing the growth in the Irish market, and have begun to tailor their services to Irish traders, as well as developing a permanent presence in the country.
Ireland is now one of the target markets that cryptocurrency trading platforms are looking to develop a brand within, and to begin to build market share in arguably one of the fastest growing cryptocurrency markets in the world in 2020.
While a number of other regional centers for cryptocurrency trading, such as many countries throughout Europe, have stagnated or retracted in size, Irish traders have been bullish on digital assets and their future, and this has been reflected in the huge number of new users that have flooded into the market recently.
Professional Margin Trading on the Widest Range of Assets
As Irish cryptocurrency traders have become more sophisticated in the way that they engage with the market in general, there has been an increased demand for the kinds of tools and services that can be used to develop more advanced strategies, and to maximize the profitability of such strategies.
While other platforms that have been market leaders in Ireland for a number of years have rested on their laurels and provided relatively basic tools for cryptocurrency users to access the market, PrimeXBT has started out from a technology-first point of you.
There are a wide and varied range of ways to generate profit in the cryptocurrency market using PrimeXBT, with these being comprised of things like high leverage margin trading, crypto social trading using PrimeXBT’s Covesting Module, short-term Bitcoin-settled accounts trading on the platform, and the use of PrimeXBT’s 4-Tier Referral Program to create passive income streams as well.
Other Advantages of Using PrimeXBT
Irish traders have enjoyed a range of other advantages by trading at PrimeXBT, such as the advanced security features that are built into the platform and have insured that it has never been hacked or breached.
Some of these bank-grade security features include mandatory Bitcoin address whitelisting and the cold storage of digital assets with multi-signature technology.
PrimeXBT also has an intuitive user interface that allows beginners and experienced traders alike to be able to quickly learn and master the tools on the platform, whilst professional charting technology is built into PrimeXBT and allows for the development and execution of advanced strategies.
In Conclusion
Over the past few years, the Irish cryptocurrency trading market has boomed in size and as more newcomers have entered the market, it has been targeted more often by large international trading platforms such as PrimeXBT.
While many of the incumbent platforms that have serviced the Irish market have remained fairly stagnant in the services that they provide, PrimeXBT has attracted a large portion of the Irish cryptocurrency market because of the advanced tools and features that are built into the platform.
PrimeXBT charges lower fees than any other major cryptocurrency trading platform, provides bank-grade security features that have ensured it has never been hacked, and provides a range of different ways for traders to maximize their profitability in the cryptocurrency market.
To find out more about PrimeXBT, including the features and tools that are available on the platform, check out this link.