Welcome To PrimeXBT V2.0: Trade Global Markets With ETH, USDT & USDC




The cryptocurrency industry is growing rapidly, and markets are currently hotter than ever. To further expand our product offering and improve user experience, we are excited to release the PrimeXBT V2.0 upgrade — an improved version of our award-winning, multi-asset trading platform that now includes support of additional currencies as well as an updated, and refreshed UI.

The below guide will walk through the new changes to the PrimeXBT interface and how to access the newly added currency options.

Disclaimer: All data and figures used in the screenshots below are examples for design demonstration purposes only and are not taken from the operational platform directly.

PrimeXBT V2.0 Platform Walkthrough

First and foremost, the most noticeable change to PrimeXBT is the new platform design. The changes were made to accommodate an important upgrade to the PrimeXBT infrastructure: Users are now able to deposit ETH as well as stablecoins USDT and USDC, and use these assets as a collateral for margin trading.

The introduction of ETH, USDT, and USDC is due to growing market demand for these products, as well as to allow for greater flexibility and risk management for all PrimeXBT users. Ethereum has become a respected institutional trading product alongside Bitcoin, and the addition of stablecoins reduces the risk related to BTC-based accounts.

When Bitcoin experienced exceptional volatility, traders were unnecessarily exposed to the risks associated with that volatility. Even if trading had been successful, Bitcoin value falling could result in deposit capital value falling in tandem. Now, thanks to USDT and USDC base currency accounts, this risk is eliminated.

The new currencies will be integrated platform-wide, which means that users will be able to use ETH, USDT, and USDC in addition to BTC as a base account currency for margin funding, trading, PrimeXBT Turbo, Covesting, and more.


Introducing The Home/Main Section


The newly developed Home/Main screen will include all important information on wallets, accounts, and other relevant products in an aggregated and organized manner. From this screen, users can make deposits, process withdrawals, fund margin accounts, and get a bird’s-eye view of all their assets and activity within PrimeXBT.

Immediately after launch, all users will be able to deposit and withdraw ETH, USDT, and USDC in addition to BTC and Covesting’s COV utility token. After any deposits have been confirmed, users can then create new margin trading accounts in each currency to use for collateral in margin positions on all available markets including cryptocurrencies, stock indices, forex, and commodities listed on PrimeXBT. Users can toggle between each different currency wallet and see any transaction history related to the respective account.

The newly developed architecture allows us to scale the product further and expand the list of currencies supported as margin collateral. We are also considering fiat currencies for future updates, which will allow us to tap into new audiences and trading communities globally.

Upgraded Margin Trading Accounts


Several other sections within the PrimeXBT account menu have been completely redeveloped to support the new currencies and have been given a fresh visual overhaul. As such, margin trading accounts in each currency from now on will be treated as separate, isolated margin accounts. This means that all associated promo codes, for example, will be applied to currency-specific trading accounts, while volume-based discounts will be calculated and applied separately for each individual currency trading account rather than for the whole PrimeXBT account.

Enhanced Covesting Module 

With the new PrimeXBT V2.0 upgrade, Covesting module users are able to create strategies in all newly added currencies. The same applies to all followers — all Covesting users are welcome to take advantage of the greater diversification and benefit from what each base currency has to offer. As you can see from the updated Rating section below, all available strategies will be categorized by their respective base currency.

It’s important to note that users who deposit USDC, for example, will only be able to follow other USDC denominated strategies. However, this also will allow all platform users to diversify not only risks related to particular strategies but also each strategy’s currency-related risks.

Building The Future Of Trading

We believe that introducing a multi-currency accounts architecture, will bring new clients to the platform at scale — especially those that prefer to remain market-neutral and rely on stablecoins for a base margin currency. In the future, we plan to further expand the account currencies available to PrimeXBT customers, and potentially include fiat currency in time.

Such an upgrade will also serve as the core for the upcoming new mobile application for iOS and Android, which is expected to be out later this year. In the meantime, we invite all users to visit the platform and check out the brand-new platform design as well as the new multi-currency account setup.

Click the Link below to Sign Up and Start Trading now and Get to Invest Your Money in a 100% Secure and Reliable Platform. 

https://go.primexbt.com/click?pid=8339&offer_id=12

Resource: https://primexbt.com/blog/welcome-to-primexbt-v2-0-trade-global-markets-with-eth-usdt-usdc/

Risk warning

PrimeXBT products are complex instruments and come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. Seek independent advice if necessary.

This website products and services are provided by PrimeXBT Trading Services LLC

PrimeXBT Trading Services LLC is incorporated in St. Vincent and the Grenadines as an operating subsidiary within the PrimeXBT group of companies. PrimeXBT Trading Services LLC is not required to hold any financial services license or authorization in St. Vincent and the Grenadines to offer its products and services.

PRIMEXBT DOES NOT ACCEPT ANY USERS OR RESIDENTS FROM UNITED STATES OF AMERICA, JAPAN, SAINT VINCENT AND THE GRENADINES, CANADA, ALGERIA, ECUADOR, IRAN, SYRIA, NORTH KOREA OR SUDAN, UNITED STATES MINOR OUTLYING ISLANDS, AMERICAN SAMOA, RUSSIAN FEDERATION AND THE COUNTRIES OR TERRITORIES WHERE ITS ACTIVITY SHALL BE ESPECIALLY LICENSED, ACCREDITED OR REGULATED BY OTHER WAYS. YOU SHALL CHECK YOUR APPLICABLE LAW AND BE FULLY RESPONSIBLE FOR ANY NEGATIVE IMPACT ARISEN FROM YOUR RESIDENCE COUNTRY REGULATIONS. IF YOU ARE TRAVELLING TO ANY OF THESE COUNTRIES, YOU ACKNOWLEDGE THAT OUR SERVICES MAY BE UNAVAILABLE AND/OR BLOCKED IN SUCH COUNTRIES.

PRIOR TO TRADING WITH MARGIN YOU SHOULD CAREFULLY CONSIDER THE TERMS AND CONDITIONS OF THIS WEB-SITE, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT USE THE WEB-SITE, AND TO THE EXTENT PERMITTED BY LAW, YOU AGREE NOT TO HOLD ANY OF THE COMPANY AND ITS RESPECTIVE PAST, PRESENT AND FUTURE EMPLOYEES, OFFICERS, DIRECTORS, CONTRACTORS, CONSULTANTS, EQUITY HOLDERS, SUPPLIERS, VENDORS, SERVICE PROVIDERS, PARENT COMPANIES, SUBSIDIARIES, AFFILIATES, AGENTS, REPRESENTATIVES, PREDECESSORS, SUCCESSORS AND ASSIGNS LIABLE FOR ANY LOSSES OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING FROM, OR IN ANY WAY CONNECTED, TO THE TRADING WITH MARGIN, INCLUDING LOSSES ASSOCIATED WITH THE TRADING WITH MARGIN.

PLEASE NOTE THAT COMPANY IS IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF BITCOIN TRADING WITH MARGIN. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, COMPANY MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH COMPANY IS SUBJECT. WE SHALL PUBLISH A NOTICE ON OUR WEBSITE OF ANY CHANGES THAT WE DECIDE TO MAKE MODIFICATIONS TO THE FUNCTIONALITY AND IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK OUR WEBSITE FOR ANY SUCH NOTICES. ON THE CONCLUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF THE WEB-SITE.

The company does accept only participants:

  1. he/she/it is of an age of majority (at least 18 years of age), meets all other eligibility criteria and residency requirements, and is fully able and legally competent to use the Website, enter into agreement with the PrimeXBT and in doing so will not violate any other agreement to which he/she/it is a party;
  2. he/she/it has necessary and relevant experience and knowledge to deal with margin trading, cryptocurrencies and Blockchain-based systems, as well as full understanding of their framework, and is aware of all the merits, risks and any restrictions associated with margin trading, cryptocurrencies and Blockchain-based systems, as well as knows how to manage them, and is solely responsible for any evaluations based on such knowledge;
  3. Is not a foreign or domestic PEP.
  4. he/she/it will not be using the Website for any illegal activity, including but not limited to money laundering and the financing of terrorism;

Keep in mind that trading with margin may be subject to taxation. You are solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any and all taxes to the appropriate tax authorities in such jurisdiction(s) in which You may be liable to pay tax. PrimeXBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes (including, but not limited to, any income, capital gains, sales, value added or similar tax) which may arise from Your participation in the trading with margin.

Content, research, tools, and coin symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular asset or to engage in any particular investment strategy. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results, do not take into consideration commissions, margin interest and other costs, and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products.

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