Much Anticipated Crypto Futures Trading Is Coming Soon To PrimeXBT
Detroit MI
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March 14, 2023 02:31 PM Eastern Daylight Time
The time traders have been anxiously awaiting is almost here: the much anticipated Crypto Futures platform is about to debut on PrimeXBT. In advance of a full public release, our team of traders and analysts got to test drive the platform and check out the new design, all-new features, and more.
We must warn you: reading the preview below will make waiting a lot harder because initial feedback is that the product is a game-changer for the award-winning cryptocurrency trading platform. Find out why early testers of PrimeXBT Crypto Futures are raving about what’s to come in the very near future – no pun intended!
Improving On An Already Near-Perfect Formula
“If it ain’t broke, don’t fix it" is the stance that most trading platforms take. PrimeXBT’s current margin trading experience is about as good as it gets. The cryptocurrency-based platform has achieved great success in only five years in the market, surviving two bear markets and winning a number of industry awards.
Despite the near-flawless experience, PrimeXBT is continuously making improvements to every aspect of its platform, from copy trading to the mobile app, trading tools, and much more. The company has been teasing a big “future” announcement, and at the start of 2023, announced a Big Bounty Contest to test a brand new Crypto Futures product.
PrimeXBT handed out over $100,000 in prizes to users who helped refine the experience and get it ready for a public debut in the coming weeks. During this testing phase, we gained exclusive access and were able to try out the platform ahead of the public launch.
Long And Short The Most Popular Cryptocurrencies
PrimeXBT Crypto Futures has an updated layout and design, which can be customized to suit each user’s personal preference. Simply click to toggle on or off each section of the layout, such as the watch list, positions, or new additions like the order book, which can be used to help strategize around what other market participants are doing.
A wide range of cryptocurrency trading pairs is available, featuring popular coins like Bitcoin, Ethereum, Dogecoin, Litecoin, and more. Additional altcoins are available from important categories like DeFi, GameFi, Metaverse, and others.
Essential tools and features users are familiar with have carried over into the Crypto Futures platform. Long and short positions are still available via market, limit, or stop orders. Advanced order types and risk management tools are once again included.
All-New Margin Allocation System Gives Traders More Control
One of the most significant and notable changes is to the margin allocation system. PrimeXBT, in the past, offered a cross-margin system at up to 200x leverage on cryptocurrencies. How much leverage was applied to a position was based on sizing.
In the new and improved Crypto Futures product, leverage can be applied via a cross or isolated margin system and adjusted via a sliding scale. The margin allocation system and how much leverage to apply can be modified at any time and will impact all available positions and pending orders.
The new system gives more precise control over how much risk is being applied to the capital exposed, allowing for the fine-tuning of trading to suit any risk appetite. All information is made crystal clear when an order is placed or modified, so traders always understand the impact of their decisions.
Getting Technical With Powerful PrimeXBT Trading Tools
Created for both beginners and the trading professional, PrimeXBT Crypto Futures features built-in technical analysis software from industry leader TradingView. Traders never have to leave the platform to enjoy best-in-class charting tools. Draw trend lines, turn on technical indicators, or look for the direction of the trend.
Orders that are placed appear on the charts in real-time, giving traders an accurate look at the bigger picture to determine stop-loss placement, profit targets, and more. Open orders are also added to the area below the chart, providing a snapshot of the details of each trade. Information includes the open price, liquidation price, unrealized PnL, margin type, and much more.
PrimeXBT will continue to offer essential support services such as PrimeXBT Trading Academy, where traders can learn how to use the tools and information above. The educational website is filled with market updates, trading tips, and more. PrimeXBT will continue focusing on its copy trading experience and offer weekly trading competitions through PrimeXBT Contests.
Preview Summary
Other aspects of PrimeXBT also aren’t going anywhere. For example, access to traditional markets like commodities, stock indices, and forex currencies will remain available separately from the Crypto Futures platform. The same commitment to customer service and quality and the same reliable trading engine will power the new and improved platform.
The PrimeXBT mobile application for Android and iPhone will eventually receive an update to include the PrimeXBT Crypto Futures platform when it arrives in the coming weeks. Interesting users who cannot wait to get their hands on the all-new PrimeXBT trading product can register for a free account today and be ready the second it goes live.
This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice.
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