PrimeXBT, the multi-currency trading platform that offers forex, cryptocurrencies, stock indices, commodities, and more, under one roof, today announced the launch of seven of the largest assets in the cryptocurrency market.
Since our platform was first launched, it has always been a crypto-focused platform built on the solid foundation of the traditional market. When cryptocurrencies started trading sideways, the introduction of synthetic contracts on conventional assets like forex, commodities, stock indices, and more was a logical fit.
As the cryptocurrency industry evolves, PrimeXBT’s next update focuses on its beginnings: crypto assets. We are proud to reveal that new crypto assets and altcoin trading pairs have been added to our advanced leveraged multi-asset trading platform. Now, this new update is immediately available to everyone.
Introducing the newest crypto assets from PrimeXBT
The crypto ecosystem has changed significantly over the last year. In particular, the number of altcoins with adequate liquidity and trading volume has grown substantially. As such, PrimeXBT has listed the following digital assets and trading pairs:
Cardano (ADA) is an open-source decentralized blockchain platform created by Charles Hoskinson that uses a proof-of-stake (PoS) consensus algorithm. Cardano has recently grown in popularity before the Alonzo hard fork, and now includes the launch of Plutus smart contracts. Cardano has been listed for trading ADA / USD and ADA / BTC trading pairs.
Chainlink (LINK) was among the best performing crypto assets in recent years, outperforming Bitcoin and Ethereum in Return on Investment (ROI). Chainlink is a decentralized oracle network designed to facilitate tamper-resistant data transfer to on-chain smart contracts for more accurate pricing. Chainlink has been listed to trade as the LINK / USD trading pair.
Dogecoin (DOGE) is an open-source proof-of-work (PoS) cryptocurrency that uses a greener script technology than Bitcoin. The coin initially started as a joke based on the Doge meme With a Shiba Inu. No laughing matter anymore though, Dogecoin is now in the top 10 cryptocurrencies by market capitalization, with over $30 billion in market capitalization, and is supported by the likes of Elon Musk. Dogecoin has been listed to trade as the DOGE / USD trading pair.
Polkadot (DOT) is another proof-of-stake (PoS) coin that offers a fragmented multi-chain architecture that enables cross-chain interoperability on each and every blockchain. Polkadot not only allows to transfer tokens or coins through blockchains, but all kinds of data to create a massive blockchain network similar to the Internet. Polkadot has been listed to trade as DOT / USD and DOT / BTC trading pairs.
Solana (SOL) calls itself the fastest blockchain in the world, with up to 50,000 transactions per second. Solana is becoming an active ecosystem that could realistically compete with Ethereum, with services from DeFi, NFT, and untouchable speed. Solana has been listed to trade as the SOL / USD trading pair.
Uniswap (UNI) tokens are the governance token for the automated market maker platform and decentralized cryptocurrency exchange, Uniswap. UNI allows token holders to participate in decision-making that can affect the operations of the platform. Uniswap has been listed to trade on the UNI / USD trading pair.
XRP (XRP) is the native cryptocurrency of Ripple’s blockchain protocol, launched by parent company Ripple. XRP has long been among the most respected but centralized cryptocurrencies and has previously been ranked number two by market capitalization, right behind Bitcoin. XRP has been listed to trade the XRP / USD and XRP / BTC trading pairs.
How to access new assets and trading pairs
PrimeXBT users can visit the leverage section of the dashboard to access any of the listed assets and new or existing trading instruments. Just find each new trading pair and open the chart, add it to a watch list, and more. Long and short positions for each new altcoin trading pair will be added to the trader’s portfolio alongside Bitcoin, Ethereum, and traditional assets such as forex, S&P500, gold, or oil.
The full list of trading pairs includes:
The trading pairs for each asset are also included in the analysis section within PrimeXBT and have been integrated into the reporting section and other key areas. This also consists of Covesting’s copy-trading module, which means that strategy managers can also trade these trending currencies to add to their growing total earnings listed on Covesting’s leaderboards.
All new crypto assets are available with up to 1:20 leverage when trading on margin and up to 1:10 leverage with a Covesting strategy manager account. Be sure to visit the PrimeXBT website for the most up-to-date information on rates and terms of trade.
Conclusion: why traders should test the new trading pairs
In the past, we have continually brought innovations and look forward to the roadmap ahead of us, which includes the debut of new experiences like Covesting Yield Accounts.
Our customer-centric approach ensures that we constantly review customer feedback, market trends, and more, and use this information to strategize our next step. This could translate into improvements to the Covesting module, an improved user interface, new deposit options, or, as this latest update has shown, new altcoin assets showing strong market demand.
The latest addition to the already huge list of trading instruments on PrimeXBT leaves no opportunity behind and offers even greater options for portfolio diversification on a professional level. If you are not yet registered with the most advanced trading platform, register today and try our newly listed trading pairs on Cardano, Chainlink, Dogecoin, Polkadot, Solana, Uniswap, and XRP.