PrimeXBT Bridges the Divide Between Crypto and Traditional FX, Indices and Commodities MarketsPrimeXBT has launched 18 of the most popular forex pairs, indices, and commodities, complementing existing access to crypto-asset margin trading with leveraging of up to 100x for BTC, ETH, XRP, EOS, and LTC.
As the demand for more sophisticated trading features grows within cryptocurrency markets, and as traditional traders continue to explore the unique opportunities present within digital currencies, PrimeXBT is now positioned as a global bridge between these two groups of asset classes.
PrimeXBT already provides unprecedented access to advanced cryptocurrency-based features and functionality such as the ability to short the top crypto-assets, ultra-fast order execution and aggregated liquidity from 12 sources concurrently.
The inclusion of traditional financial instruments signals the expansion of the platform’s offering to include access to opportunities at the cross-section between traditional and crypto-asset markets.
These new listings are now live at PrimeXBT and include:
With global trading volumes of over $5 Trillion daily, PrimeXBT has tapped into the largest money markets in the world and now provides crypto-asset traders with access to global forex pairs, all within a single interface.
Forex has a low correlation with crypto-asset markets, providing traders with alternative trading options during downwards digital currency trends. This allows traders to diversify strategies and holdings and provides a robust risk-balancing mechanism for portfolio selection.
PrimeXBT now lists forex trading pairs for:
- USD (AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, USD/CHF)
- EUR (EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD)
- AUD (AUD/USD, AUD/CHF, AUD/JPY, AUD/USD, EUR/AUD, GBP/AUD)
- GBP (GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, EUR/GBP)
- CHF (AUD/CHF, EUR/CHF, GBP/CHF, USD/CHF)
- JPY (AUD/JPY, EUR/JPY, GBP/JPY, USD/JPY)
- CAD (CAD/USD, EUR/CAD, GBP/CAD)
Unlike crypto, forex markets are low volatility. So to maximize profit potential PrimeXBT offers up to 1000x leverage to all FX trading pairs.
In addition to this, spot contracts for Spot Gold USD (XAG/USD) and Spot Silver USD (XAU/USD) are also now available on PrimeXBT.
Further cementing PrimeXBT’s entry into global traditional markets, commodities trading has now also been incorporated into the platform.
The start of this year has already seen strong growth in oil prices, and the addition of further non-cryptocurrency-correlated financial instruments, such as these, provide traders with additional opportunities to monopolize on divergences between the asset classes.
PrimeXBT has now added CFDs for the following commodities:
- UK Brent Oil (BRENT/USD)
- US Crude Oil (CRUDE/USD)
- US Natural Gas (NAT.GAS/USD)
Complimenting the integration of forex and commodities, many of the world’s leading stock markets are now also accessible directly via PrimeXBT.
Flexible and agile redistributions of funds between crypto-assets such as Bitcoin and national stock indices allow for the development of investment and trading strategies that expose significant new opportunities.
PrimeXBT now offers access to the world’s leading indices with leveraging of up to 100x:
- US Tech 100 (NASDAQ)
- US SPX500 (SP500)
- Germany 30 (GER30)
- Hong Kong 50 (HK-HSI)
- Australia 200 (AUS200)
- Japan 225 (NIKKEI)
- UK 100 (UK100)
Despite PrimeXBT’s debut as a crypto trading platform the team’s broad experience originally stems from within traditional financial markets. A Prime XBT spokesperson explains:
“Although we got our start in the cryptocurrency market, we built PrimeXBT on decades of experience from traditional financial markets. Traders are starting to see that experience come through on our platform now through these new financial instruments, allowing traders to try their hand in new markets and further diversify their investment portfolios.”
This experience has lead to PrimeXBT’s value proposition consistently reflecting what traders truly want and need. Traditional traders are gravitating towards lucrative crypto investment opportunities, likewise, crypto-asset traders and markets are maturing to incorporate more advanced techniques and strategies.
PrimeXBT simultaneously provides traders with tight spreads (on average 0.7 pips), with the highest leverage allowance and some of the lowest commission fees (just 0.5% to all trades and assets).
What’s more, there are no KYC verifications or sensitive data required to set up a full-featured trading account. This is unheard of within traditional financial brokerages and acts to significantly lower the barrier to enter into the world’s most popular and profitable investment opportunities.
To learn more about PrimeXBT and the favorable trading conditions it presents, head to https://PrimeXBT.com.