PrimeXBT introduces a new Crypto-Crypto exchange feature

PrimeXBT, a platform that offers a wide range of trading CFD instruments and copy trading through the Covesting service, has just undergone a significant modernization of the infrastructure, user interface and other key elements that have a direct impact on the level of services offered.

Among the new features, the main distinguishing feature is the introduction, next to BTC, of ​​the base currencies ETH, USDC and USDT for Margin accounts. PrimeXBT, as a broker who is familiar with innovation, also announced more solutions related to new assets. A new cryptocurrency exchange option, the so-called from crypto to crypto.

Multi-currency support on the PrimeXBT platform

Together with PrimeXBT V2.0 update there have been significant changes to the visual and dashboard of the main account. Among others, Snapshots of all relevant account information, including your margin balance. The cryptocurrency deposit and withdrawal process has also been optimized and the option of quick crypto-crypto exchange directly from the PrimeXBT desktop has been added.

A section has also been added Exchange in the main panel (Total Funds). Users can now enter the account currency - from BTC, ETH, USDC and USDT - and the amount they want to exchange, along with the cryptocurrency they want in return.

The accounts module performs calculations and displays the exchange rate in real time, and after the transaction is completed, the relevant accounts are immediately debited and the funds "booked". After the transaction is completed, they are recorded along with other transfers and transactions so that investors can stay up to date on taxes and accounting needs.

Why an Exchanging Base Margin account makes sense

The new crypto-to-crypto feature has its own significant pluses. For example: converting to and from BTC or ETH to stablecoins during a downturn in the cryptocurrency market can protect capital. Stablecoins such as USDC and USDT provide a safe haven by avoiding exposure to significant volatility in the crypto markets. However, the reverse is also true, where converting stablecoins to ETH and BTC during uptrends can have a complex effect on a trader's bottom line.

Currency exchange also makes sense for people with an extensive network of referrals, who earn on the users they enter and their transactions on various cryptocurrencies. Thanks to the possibility of quick exchange of profits achieved in crypto for e.g. stablecoins and we can keep our profits e.g. in USDC or USDT, without further exposure to the cryptocurrency market. This is what Exchange provides.

Crypto Exchange feature now available on PrimeXBT

The latest addition to the trading platform is the result of PrimeXBT's customer-centric approach. The broker wants to constantly increase flexibility in the exchange of cryptocurrencies on the base account and best match the platform's capabilities to risk appetite and its clients' profit goals.

PrimeXBT offers built-in technical analysis software, a peer-to-peer trading community, advanced order types and over 50 different CFDs on forex, cryptocurrencies, commodities and major stock indices.

Sponsored article