Benzinga - 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
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
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
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
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
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.
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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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