Over the past year, the crypto industry has watched the meteoric rise of PrimeXBT, a margin trading platform that allows users to trade a variety of different markets using up to 1000x leverage.

PrimeXBT’s ascent to the top of the crypto margin trading game has come about as other competing platforms – like BitMEX and Deribit – find themselves embroiled in significant controversies, which have led to a mass exodus of traders away from these platforms in search of better options.

Naturally, PrimeXBT has been these trader’s first choice as an alternative to the other platforms, as the abundance of trading tools and a rich array of features offered by PrimeXBT are sure to enhance every trader’s experience and profitability.

The immense volatility that is natural within the cryptocurrency markets has lured a significant number of traders to the nascent industry, which in turn has led to the formation of a multitude of trading platforms that allow users to utilize margin to magnify the size of their positions.

For a long while, BitMEX had monopolized the margin trading industry as the choice platform of traders, but the launch of PrimeXBT introduced a new player to the market that has since been significantly reducing BitMEX’s dominance.

There are a plethora of different factors that have played into PrimeXBT’s meteoric success, and understanding these factors is imperative to know why the platform is currently passing all the competition and growing at such an unprecedented rate.

Here are just a few of these factors:

Having access to a robust array of trading tools plays an integral role in the effective execution of trading strategies, and traders on BitMEX and other platforms have long had to rely on 3rd party platforms to access these imperative tools.

PrimeXBT, however, has designed its platform in a way that allows it to be a one-stop-shop with all the tools, charts, indicators, and information that traders may need to develop and execute their strategies.

Immediately after entering the platform’s trading portal, traders are met with advanced and fully customizable charts that allow them to view the price action of the variety of assets supported on the platform over multiple time frames and in multiple formats.

On these charts, traders can use an array of drawing tools to begin marking support and resistance levels, trendlines, and moreover, whatever time frames they desire. Additionally, traders can also use the suite of over 50 indicators supported by the platform to further enhance their understanding of both their charts and of the technical strength or weakness of the assets they are looking to trade.

For more information, visit PrimeXBT.com

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