PrimeXBT V2.0 Now Offers USDT, USDC, ETH Trading Accounts

The cryptocurrency industry is evolving faster than the blink of an eye, with new projects launching daily, old projects coming to fruition, and industry leaders making critical changes for the betterment of the greater cryptocurrency and trading community.
The award-winning CFD trading platform PrimeXBT recently added new multi-currency accounts, letting traders utilize margin accounts based on ETH, USDC, and USDT, alongside the BTC-based contracts that the platform built its reputation on.
Here’s why the company says it made such a move and why the changes are a huge benefit to traders whether they realize it or not.

Why Stablecoins Surprisingly Are The Stand Out Of The Update
At first glance, it might seem that all that has happened was that PrimeXBT had expanded its margin accounts to include Ethereum and stablecoins, but there’s so much more both at the surface and under the hood.
But even more important than the new features themselves, the addition of stablecoins is rather revolutionary for the platform in terms of overall risk management for users. In the past, traders who relied on the ultra-fast trading infrastructure to profit from BTC-based CFDs on forex, crypto, commodities, stock indices, and more, were subject to extreme market volatility due to Bitcoin being the sole account base currency.
PrimeXBT says by introducing stablecoins Tether (USDT) and USD Coin (USDC), traders can benefit from a base account currency and capital that doesn’t fluctuate significantly due to market conditions. This makes any expected PnL and position planning …
Story continues on CoinGape

Related posts

XRP Knocks Out $ADA and $DOT On its Way to Top-5 With New 3-year High $1.07

XRP finally joined the bull season recording a new 3-year high of $1.07 after spending the majority of the last three years under $0.30. XRP also managed to make it into top-5 knocking out Cardano ($ADA) and Polkadot ($DOT) to…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

NBA’s Sacramento Kings Makes History By Being First Professional Sports Team To Offer Players Salaries In Bitcoin

Vivek Ranadivé, chairman and CEO of Sacramento Kings, announced on Monday that all their players and staff now have the option to choose to get their salaries paid in bitcoin rather than USD. This move will make the NBA franchise…

Ripple’s XRP Touches $1 For The First Time Since April 2018, Next Target $1.30

For the second consecutive day, Ripple’s XRP has surged an additional 40% moving all the way to hit the crucial $1.00 levels for the very first time in three years! It was April 2018, almost around the altcoin market bull…