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Press Release: PrimeXBT Expands Its Product Offering and Partners With Covesting

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Apr 6, 2019

PrimeXBT, a 4th generation cryptocurrency trading platform offering 100x leverage such digital assets as Bitcoin, Ethereum, Litecoin and more, high liquidity, ability to trade Long and Short, and a customizable user interface, has announced an exciting new partnership with the prestigious ADFVN award-winning cryptocurrency trading infrastructure Covesting that is certain to get the crypto market buzzing.

Under the partnership agreement, Covesting will provide the necessary technology to execute its highly-anticipated copy-trading functionality on PrimeXBT. The module is expected to be implemented in the next 3-4 months, with full integration scheduled for completion by August 2019.

The COV utility token will become an integral piece of the copy trading module on PrimeXBT, reducing fees for traders who utilize the token. Over the course of the next few weeks, PrimeXBT will begin actively approaching the industry’s top traders, enticing them to join the platform and build their trading legacy and extensive follower base on the platform. The new traders will join PrimeXBT’s host of successful traders, 69% of which already managed to generate profits of 300% to 1200% using leverage during Bitcoin’s recent rally.

PrimeXBT officials shared their excitement over the industry-shaking partnership, saying that,

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“after an amazing start last year, we have gained significant traction and support from crypto communities around the globe. We are ready for a new chapter, and are pushing full throttle to expand our line of products to offer the most robust platform across the industry.”

The officials added,

“Most importantly, Covesting is fully-licensed by the GFSC, bringing with them a level of certainty and trust that their proprietary technology will be integrated smoothly and efficiently. We aim to offer the most innovative solutions in the crypto market, and this partnership with Covesting sets a major milestone for the industry and a new chapter for the whole PrimeXBT community of traders.”

About Covesting

Covesting is a global fintech company launched by former Saxo Bank traders, registered and incorporated in Gibraltar. Covesting is building an ultimate cryptocurrency trading infrastructure that includes a licensed digital asset exchange, copy-trading platform, aggregated order book and fiat/crypto gateway fully compliant with strict requirements of European regulators. Covesting has become one of the first companies in the world to receive a Distributed Ledger Technology License [DLT] from regulatory authorities in Gibraltar. Covesting’s products and services meet the needs of both neophyte investors and professional traders covering a wide range of cryptocurrency trading aspects, from education and market analysis to liquidity aggregation, copy-trading, and algorithmic order execution.

About PrimeXBT

PrimeXBT is a fintech company established in 2018 which offers a cryptocurrency trading infrastructure with 100x leverage for long and short positions on multiple digital assets. The company provides access to real-time market data and a wide range of trading analysis tools while maintaining security, liquidity, and enabling a safe and efficient trading environment for everyone. PrimeXBT addresses problems like low liquidity, inability to earn from falling markets, unexpected down-times, long KYC approvals, high trading fees, limited order types, and poor UI.

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