The domain address and URL of the PrimeXBT website will be changed from primexbt.com to primexbt.ch. The management module allows experienced traders to create a fund for other people to invest.
PrimeXBT is an advanced trading platform for new and professional traders alike and a member of the prestigious Crypto Valley Association. It will move its commercial infrastructure to the cryptocurrency-friendly jurisdiction of Switzerland.
Switzerland and Crypto Valley offer many international financial companies, such as PrimeXBT, not only a home but also a favorable and friendly environment in which to conduct business and continue expanding innovation in Fintech.
Upon receiving the full support of the government of Switzerland and the Crypto Valley Association, PrimeXBT will not only grow but it will also continue to provide its clients with the level of privacy that they expect from the trading platform. The strict level of personal data protection that is currently offered by PrimeXBT will be maintained under the new jurisdiction.
The transfer of the commercial infrastructure of the platform to Switzerland will not have a noticeable impact on customers. However, order matching rates and trading performance may improve due to the proximity of liquidity connections on the platform.
Apart from ensuring the safety and security of customer data and the improvements in business efficiency, the domain address and URL of the PrimeXBT website will change the domain from primexbt.com to primexbt.ch.
For a given period of time, both website domain addresses will be fully operational. After the transition and an adaptation period have been completed, only the .ch domain extension will remain active and .com will be subsequently redirected to .ch.
Innovation in the Fintech sector with the PrimeXBT fund management module
In addition to the support of Switzerland and Crypto Valley, which allows PrimeXBT to continue to focus on customer privacy, the trading platform aims at bringing innovation to both digital and traditional financial markets, through a new cutting-edge fund management module.
Through a partnership with the Covesting cryptocurrency exchange, the PrimeXBT platform will soon launch a large-scale peer-to-peer fund management module. The Covesting module creates a unique opportunity for investors and major traders to obtain synergistic benefits from each other.
The partnership combines an evolution of Covesting’s initial copy-trading concept with the powerful trading tools offered on PrimeXBT, such as a leverage of up to 500x, the ability to take long and short positions and advanced order types.
The fund management module presents all the digital and traditional assets available in PrimeXBT, including currencies, commodities, stock indexes and the world’s most popular cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and EOS.
PrimeXBT is a financial technology company, established in 2018, that offers a cryptocurrency, fiat currency, index and raw material trading infrastructure with a leverage of up to 500x for long and short positions, and aggregate liquidity from multiple liquidity providers.
The company provides access to real-time market data and a wide range of trading analysis tools, whilst it maintains security and liquidity and enables a safe and efficient business environment for all the community.
By Willmen Blanco