We are excited to tell you that we are integrating a copy-trading technology through the strategic partnership with an established trading platform, Covesting. This partnership will utilize Covesting’s technology and add it onto the PrimeXBT platform, making PrimeXBT stand out from the other trading platforms even more than it did until now. PrimeXBT already offers many features that help traders maximize their profits while staying completely secure, such as:
● Combined order books from 12 exchanges;
● Leverage of up to 100x on all trading pairs;
● The ability to go long as well as short on all trading pairs;
● Low fees and multiple deposit options;
● Advanced security protocols along with stress tests and checks;
● Customizable UI
What are the advantages of copy-trading?
PrimeXBT’s main goal is to help both novice and advanced traders succeed, and the integration of Covesting’s copy-trading module will help to reach this goal. Copy-trading is an amazing tool that helps novice traders eliminate years of studying in order to make profits, while making experienced traders earn even more while doing what they usually do!
Traders will be able to choose the most profitable and best rated traders on the platform, and simply replicate their trades automatically. The followed traders will earn additional profits by being followed, and the novice traders/investors will replicate the success rate of best traders on the platform!
This literally revolutionizes the trading on PrimeXBT, as it makes even the traders that completely new to trading or investors that want to benefit from cryptocurrency markets, skip on years and years of learning, testing and studying the markets. They can simply hop onto the platform and have the same win/loss ratio as the best in the branch.
Covesting platform is created to allow its users to automatically replicate the trades made by the successful traders. The platform was designed to help traders all around the world in the process of acquiring financial data and knowledge regarding investing along with benefits from cryptocurrency market.
Since the copy-trading module is being implemented in the PrimeXBT platform, it will allow PrimeXBT users to access the copy-trading feature through the trading platform.
How will it work?
Covesting will provide PrimeXBT with an infrastructure which will allow beginner traders to benefit from combined experience of professional traders. COV token, the Covesting platform’s ERC20 utility token, will become integrated into the PrimeXBT infrastructure.
This is the first B2B partnership for both PrimeXBT and Covesting. The complete integration of the Covesting infrastructure into PrimeXBT trading platform is expected to be operational in 3 to 4 months already.
The goal of this partnership is creating a community of experienced traders (using PrimeXBT advanced trading tools in order to create profits) as well as new traders (looking to profit by following) and bring them all together through mutual benefit.