Bitcoin Margin Trading Platform PrimeXBT Prepares Move to Switzerlandby Company Announcement August 16, 2019
PrimeXBT, a multi-asset Bitcoin-based trading platform offering up to 500x leverage on crypto, forex, commodities, stock indices, and more, has begun the transition of moving its trading infrastructure to Switzerland.
The move and support will allow the fastest-growing trading platform to bring additional innovation to Switzerland and the rest of the fintech industry, and continue to grow at a rapid pace.
Crypto Valley Association Member PrimeXBT Moves Trading Infrastructure to Switzerland
PrimeXBT, an advanced trading platform for new traders and professionals alike – and member of the prestigious Crypto Valley Association – will be moving its trading infrastructure to the crypto-friendly jurisdiction of Switzerland.
Switzerland and Crypto Valley offer many international financial firms like PrimeXBT not only a home, but a supportive and friendly environment in which to conduct business in and continue to push the envelope around innovation in fintech.
By receiving the full support of the Switzerland government and the Crypto Valley Association within the borders of Crypto Valley, PrimeXBT will not only thrive and flourish, but continue to provide its clients with the level of privacy they have come to expect from the trading platform. The strict level of personal data protection currently offered will be maintained under the new jurisdiction.
PrimeXBT moving its trading infrastructure to Switzerland will have no discernible impact on clients, however, order matching speeds and trading performance may improve due to the closer proximity of the platform’s liquidity connections. Beyond ensuring customer data remains safe and secure, and improvements to trading efficiency, PrimeXBT’s website domain address and URL will change the domain from www.primexbt.com to www.primexbt.ch.
For a period of time, both website domain addresses will be functional. After the transition and an acclimation period are fully complete, only the .ch domain extension will remain active and the .com will redirect to .ch moving forward.
PrimeXBT Brings Innovation to Fintech and Switzerland With Fund Management Module
In addition to the support of Switzerland and Crypto Valley allowing PrimeXBT to continue to focus on client privacy, the trading platform aims to bring innovation to both digital and traditional financial markets, through a cutting edge, new fund management module.
Through a partnership with cryptocurrency exchange Covesting, PrimeXBT will soon be launching a full-scale, peer-to-peer fund management module. The Covesting module creates a unique opportunity for investors and top traders to profit alongside one another synergistically.
The partnership combines an evolution of Covesting’s initial copy-trading concept with the powerful trading tools offered on PrimeXBT, such as up to 500x leverage, the ability to take long and short positions, and advanced order types. The fund management module features all of the digital and traditional assets available on PrimeXBT, including the world’s most popular forex currencies, commodities, stock indices, and cryptocurrencies Bitcoin, Ethereum, Ripple, Litecoin, and EOS.
How Traders Can Benefit From The Covesting Fund Management Module on PrimeXBT
By combining world-class asset variety, the best trading tools across the financial industry, and disruptive innovation through the Covesting module, PrimeXBT has become the hottest destination for new investors and experienced career traders alike.
The Covesting module is a peer-to-peer fund management system, that allows experienced traders to create a fund for others to invest in. The trader’s account becomes a fund manager account, and additional metrics on the fund are added to the trader’s dashboard. These metrics are also made public in a global rating system for investors to gauge the performance of each fund before selecting which fund to invest in.
Traders that demonstrate a successful trading strategy can boost public ratings, market their funds, and continue to grow their earnings exponentially. Fund managers are encouraged to share details of their fund on social media and elsewhere to gain support and interest. Fund managers earn a profit share portion of success fees from investors who have invested in the fund, generating additional profit on top of the successful trade’s realized PnL.
Investors can enjoy worry-free trading, by simply investing in a fund manager’s fund and allowing a more experienced or successful trader do all the work in generating profit. The Covesting module truly creates a win-win environment for traders of any experience level, and has the potential to disrupt the trading community by bringing traders together to profit alongside one another rather than only trading against one another.
PrimeXBT: Professional Trading Tools For All Experience Levels
PrimeXBT has seen rapid growth in user registrations and in trading volume since its inception, fueled by the industry’s most lucrative referral and affiliate programs and word of mouth from traders praising PrimeXBT’s advanced trading tools.
The trading platform was built on the learnings and experience of decades in traditional financial markets, combined with the customization and control necessary for the digital age. PrimeXBT’s platform is simple to use, fully customizable, and takes under a minute to sign up, yet offers many of the most powerful trading tools across the market.
PrimeXBT offers up to 500x leverage on forex, crypto, stock indices, commodities, and more, multiple order types, bank-grade security, advanced charting software complete with a variety of indicators, multi-monitor support, and much more.
The launch of the Covesting module will bring these powerful tools together to unlock profit potential not previously possible.
All of PrimeXBT’s trading tools, the Covesting module, and more are available from the PrimeXBT mobile application. A free iOS app and Android app are available in the Apple App Store and Google Play Store. Using the app, traders can utilize any of the trading tools PrimeXBT offers from anywhere in the world.
Disclaimer: This is an article written by PrimeXBT, Fintechnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Fintechnews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Please note this is no investment advice.