Prime XBT to launch trading platform with 100X leverage
Crypto traders can use the newly launched advanced Prime XBT crypto platform and benefit from a 100X leverage for long and short positions. Further, the platform will launch within the coming weeks and traders can trade for a month without paying any fees.
The platform address pressing problems for cryptocurrency traders including low liquidity, inability to earn on falling markets, unexpected down-times, long KYC approvals, high trading fees, limited order types, and poor UI. It features a short registration of not more than 40 seconds and there are no withdrawal or deposit limits.
This also includes a powerful charting engine and drawing tools and the ability to trade directly from the chart. It is based on the lessons learned from equity and forex markets and decades of testing other exchange products. It will support major cryptocurrencies including BTC, ETH, LTC, BCH, and EOS.
The platform will draw liquidity from 12 cryptocurrency exchanges and offers instant trading for any volume. The 100x leverage means you can open a $10,000 long/short position by having only $100 in your cryptocurrency wallet and hence you can generate as much profit as 100 times higher with not many holdings. Further, you do not have to worry about declining prices because the platform allows you to short-sell.