Recently, PrimeXBT revealed a dramatic refresh and the most significant upgrade to the award-winning platform’s interface and user experience since the platform first debuted.
At first glance, the new visual design is striking and easy to understand, focused on supporting newly added currencies ETH, USDT, and USDC, in addition to the BTC-based CFDs the platform earned its reputation on. The result is what the company is calling the PrimeXBT V2.0 update.
Here’s what else the massive update entails and how this benefits the trades of one of the biggest platforms in the crypto market.
What’s New In PrimeXBT V2.0: ETH, USDC, and USDT Make Debut
The familiar PrimeXBT dashboard now aggregates all vital account information within the Main account section, including wallet account balances, margin account balances, Covesting data, and much more.
New wallets for each unique cryptocurrency and address have been added. Both USDT and USDT are the Ethereum-based version using the ERC-20 standard. Two-factor authentication and address whitelisting are still offered across all account types.
Separate margin accounts can now be created each for ETH, USDC, and USDT, in addition to BTC. The same applies to the Covesting copy trading module, and referrals, making the platform more accessible than ever before.
Including Ethereum Promotes Crypto Inclusiveness, Community Growth
Accessibility is one of the primary ways the PrimeXBT V2.0 upgrade is a benefit to the trading community. When PrimeXBT launched, Bitcoin trading dominated the cryptocurrency market and still does. However, with the emergence of Ethereum Futures, CFDs, and other derivatives, in addition to the enormous growth of the ecosystem itself, the demand for Ethereum-based accounts has grown substantially.
Not only does more Ethereum users trading on PrimeXBT mean more trading volume, more liquidity to tap into, and all that comes along with is such as less slippage and, it opens up additional revenue streams from referrals and through the Covesting copy trading module.
More exposure within the Ethereum trading community will also allow both the PrimeXBT community and Ethereum ecosystem to expand simultaneously “ which in turn benefits the greater trading community.
The Addition of Stablecoins Make For Better Risk Management
Beyond what’s already been mentioned, the most significant benefit to users of one of the biggest platform’s around is undeniably the addition of stablecoins. This might not immediately be apparent because stablecoins don’t appreciate in value or have any volatility in which to trade. But that is precisely why stablecoins are ideal for margin trading accounts.
By utilizing USDC or USDT over BTC and ETH, traders can eliminate any risk associated with the underlying base account currency’s volatility. In the past, price swings in Bitcoin or Ethereum could dramatically reduce account capital value, despite the trader having several positions open with a positive PnL.
There’s also even more reach thanks to adding stablecoins, with PrimeXBT V2.0 enabling access to the top three cryptocurrencies by market cap, as well as USD Coin, which is rapidly gaining wide adoption.
New Features Introduced To Support Newly Added Account Currencies
An all-new reports section of the PrimeXBT website can be used for bookkeeping or tax reporting purposes and includes important account details such as transactions and transfers.
Cryptocurrency margin trading accounts are separated, so each currency has its own section for account history, as well as trading PrimeXBT’s over 50 available CFDs on forex, crypto, commodities, stock indices, and more.
Take PrimeXBT V2.0 For A Test Drive Today
All of these features and more are live now on PrimeXBT V2.0. Checking out the first time since the update took place will launch a welcome message walking through a taste of the new features.
After getting comfortable with what’s in store, despite how much there is to take in all at once, the platform instantly becomes familiar. The same trading tools, Turbo, and technical analysis tools are there, along with a large variety of trading instruments all under one roof.
PrimeXBT V2.0 makes a good thing even better, builds the reach of the greater cryptocurrency community, and is an enormous benefit for traders on or off the award-winning platform.
