As a platform that is constantly evolving, we frequently have to revisit PrimeXBT to make sure we have the most essential features well covered. Nearly halfway into 2022, it is time for yet another update, as a bevy of compelling new features have been released over the first two quarters of the year.
New features include the addition of a slate of new crypto trading pairs, an updated mobile app with more focus on the Covesting copy trading module, added COV token utilities, and several new products that help traders step up their game.
Here is a deeper look at the value offered by PrimeXBT in our in-depth review for 2022.
A Recap Of PrimeXBT Features And Services
Before we dive into what is new, a recap of the platform’s notable products and services is in order. The award-winning margin trading platform is known best for its enormous list of trading instruments spanning digital and traditional assets. Users can access more than 100 different trading pairs across forex, commodities, stock indices, and crypto. All of the most important global markets are included, such as gold, oil, the S&P 500, and many others.
Traders control the market with long and short positions rather than the market controlling them. Stop-loss protection and take profits orders offer even more granularity over positions. Orders execute with lightning precision and speed, thanks to a highly reliable trading engine boasting more than 99% uptime. The platform has top-notch security and bank-grade infrastructure to ensure customer funds are safe. There is also a proprietary cold storage process that prevents access to customer funds.
Next, the platform is highly respected for its attention to detail, personalized services offered through a dedicated account manager, and there is 24/7 live customer support chat. Fees are some of the lowest in the industry and are ultra-competitive. Trading fee discounts are awarded to the platform’s most active traders – PrimeXBT wants you to win.
New Crypto Trading Pairs: DeFi, GameFi, Metaverse, Meme Coins & More
In recent weeks, PrimeXBT has provided traders with more ways to win in markets. The introduction of some of the hottest altcoins in the crypto industry took place earlier in the year, but these trending coins remain some of the most popular today.
The list includes Metaverse coins The Sandbox, Decentraland, and others. GameFi is also represented with Axie Infinity. Shiba Inu joins Dogecoin to broaden the list of meme coins. More than 20 crypto assets were added, ranging from Algorand to VeChain, with heavy hitters like Fantom, Polygon, and Terra in between.
These hot new altcoins grow an already massive list of cryptocurrencies that in the past focused on coins with more longevity in the market like Bitcoin, Ethereum, or Litecoin. PrimeXBT is regularly responding to customer feedback and market demand, so there is no telling what might get listed next.
Updated Mobile App New Includes Covesting Copy Trading
Up until now, we’ve neglected to mention one of the platform’s main attractions: Covesting copy trading. The Covesting copy trading module has been around for some time now, but it makes the list because it is now prominently featured in the PrimeXBT native mobile application for iOS and Android smartphones.
The completely free app lets traders control their positions and portfolio while on the go and make sure they never miss an opportunity. The mobile app now enables followers to view and manage their portfolio of followings.
Users can also thoroughly review Covesting ratings and choose which strategies to follow, start and stop followings, take profits or manage stop-losses, and much more. Covesting followers now get the same access to the full suite of PrimeXBT advanced trading tools as other users, without compromise.
Even More COV Token Utilities
PrimeXBT works closely on platform development with B2B partner Covesting – a Europe-based fintech software development firm. Covesting has integrated the Covesting copy trading module, and because that ecosystem is present on PrimeXBT, its native utility token is also a primary factor.
The COV utility token is the key to unlocking the very best of the Covesting copy trading module. Followers can follow more accounts, strategy managers get trading fee discounts, all depending on which COV token membership is activated. As of this year, however, the two companies have created even more utility for the token.
COV tokens can now be used to create strategies or even used as collateral to fund a margin trading account on PrimeXBT. Previously, only BTC, ETH, USDT, and USDC could be used. COV token holders can now take advantage of these features. Users without COV tokens can swap other assets for COV within the built-in exchange tool in the deposit section of each wallet.
PrimeXBT Trading Academy Educational Website & Weekly Competitions
PrimeXBT, again and again, proves it cares about its user base by bringing them features that are solely designed to better and improve their experience and returns. Trading platforms are notorious for trading against their users. Not PrimeXBT. Instead, they arm their traders with an arsenal of knowledge and power through a massive library of tutorials, tips, guides, and more.
The PrimeXBT Trading Academy educational website launched this year, led by expert trader Dirk Hartig. Hartig comes with more than 20 years of real-world experience in markets and is sharing that extensive expertise with the masses.
With new tips or strategies learned, users can head to the Contests section of PrimeXBT to put them into practice without putting any funds at risk. Contests lets users enter weekly trading competitions using risk-free virtual funds to trade in a simulated market environment. This real-time trading environment is not only a fierce competition where traders battle for weekly prizes but also an ideal opportunity to backtest strategies and learn to trade without all the risk.
Conclusion: Always Evolving PrimeXBT Provides Unmatchable Value
One thing is evident throughout this review: PrimeXBT regularly adds features, products, and services that further increase the value proposition offered by the platform. The pace at which updates are released requires regular updates to our reviews – but we would rather be forced to keep up with a platform than see it lagging behind in innovation.
At PrimeXBT, innovation and value are packed into every corner of the platform. Regardless of your experience level or capital, PrimeXBT is an all-inclusive, well-rounded, and reliable trading platform that can be accessed while on the go, from anywhere in the world. The tools, trading instruments, and more all highlight the commitment to excellence.
If you haven’t tried PrimeXBT in the past, these latest features and trading instruments are plenty of reasons to give it a try. Get registered today.