To date, Bitmex has been the ‘go-to’ crypto trading platform to trade Bitcoin with high leverage, as one of the the only viable providers in the space to offer as much leverage as 100x.
The platform’s success comes at no surprise, with so many fervent crypto traders hungry for more profitable and advanced trading strategies, beyond simply buying low, selling high, or ‘hodling’.
To the same tenet, PrimeXBT has launched with much anticipation as a formidable contender to Bitmex, by also offering up to 100x leverage.
While the two trading terminals share this highly demanded feature in common, there are several distinct advantages presented by PrimeXBT that will expectedly see the platform overtake Bitmex to become the No.1 place to trade crypto with high leverage.
Let’s look at 10 of these reasons now:
- Aggregated Liquidity
PrimeXBT is setting the industry standard in this regard, by aggregating liquidity in real-time from the 12 leading exchanges. In doing so, the platform provides its traders with the best possible market price with lightning fast order execution, irrespective of the volume of transactions, and without slippage.
- 100x Leverage on All Pairs
BitMEX only provides up to 1:100 leverage when traded against Bitcoin, meaning that all profits and losses must be in Bitcoin, even if you are buying and selling altcoin contracts.
PrimeXBT on the other hand provides up to 1:100 leverage on all available crypto-assets, so far these include: BTC, ETH, LTC, XRP and EOS.
This leverage can be applied to any kind of position, be it long or short. This means that PrimeXBT traders can multiply their profits by up to 100 times irrespective of the market condition,