PrimeXBT Reveals Android App for Crypto, FX Margin Trading

Cryptocurrency trading firm PrimeXBT, which claims it handles more than $200 million in daily volumes, has released a new mobile app for Android smartphones and said an iOS version is coming soon.

Available on the Google Play store as we speak, the new brokerage app enables users to leverage PrimeXBT’s Bitcoin-based account to trade with margin across a plethora of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and other financial instruments — including Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, indices, and commodities.

The app also gives traders and investors the ability to monitor pricing data, track trades through multiple portfolios, and get the latest news in the crypto space while on the move. Users of the mobile app can also stay informed with historical charts and technical analysis of all major Forex pairs, commodities, and global stock indices.

Not without risks, margin trading via PrimeXBT now covers 18 currency pairs, spot contracts for gold and silver, and CFD contracts for oil, gas and stock indices. In an attempt to appeal to crypto traders of varying experience levels and budgets, PrimeXBT provides up to 1:100 leverage on all available crypto and traditional assets.

Connecting the dots between cryptos and fiat money

Founded in 2018, PrimeXBT offers leveraged trading, real-time market data, and analysis tools across a wide spectrum of crypto assets.

The company has the aspiration to bridge the gap between cryptocurrencies and traditional asset classes, boasting features including 100x leverage, advanced order types, and charting tools.

In recent weeks, PrimeXBT has unveiled a series of strategic partnerships designed to expand the ways its community can trade. One such development came in April when the firm struck an agreement with Covesting to integrate its COV token into its crypto trading infrastructure.

“By offering mobile access to trading cryptocurrencies with up to 100x leverage – including Bitcoin, Ethereum, EOS, Ripple and Litecoin – as well as the newly-introduced traditional financial assets – Forex, Commodities, and Stock Indices – PrimeXBT's Android app brings traders more opportunities to profit than any other platform on the market,” the company added in its statement.