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.

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David Kariuki

David Kariuki likes to regard himself as a freelance tech journalist who has written and writes widely about a variety of tech issues that affect our society daily, including cryptocurrencies (see cryptomorrow.com and coinpedia.org); climate change (cleanleap.com), OpenSim and virtual reality (see hypergridbusiness.com). He is currently pursuing a MSc in Environmental Management at Open University. He does write here not to offer any investment advise but with the intention of informing audience, and articles in here are of his own opinion. Anyone willing to use any opinion here as advise to invest in crypto should obviously take own responsibility and accountability of their losses (or benefits) thereof. You can reach me at eqariu@gmail.com or david@cryptomorrow.com