Cryptocurrency trading platform PrimeXBT announced on Friday its newly updated platform design to support the introduction of new multi-currency accounts. PrimeXBT reported that in order to further expand its product offering and continue to evolve the user experience on its trading platform, it has introduced new multi-currency trading accounts, supporting Ether (ETH), USD Tether (USDT), USDC, in addition to Bitcoin (BTC).
“PrimeXBT has added multi-currency account support to meet growing cryptocurrency industry demand and provide customers with greater flexibility and risk protection. The addition of USDT and USDC will enhance risk management by allowing customers to utilize the two leading stablecoins as margin collateral to facilitate trading operations, avoiding the fluctuations associated with more volatile cryptocurrencies.”
While sharing more details about the new platform design, a PrimeXBT spokesman, stated:
“The new PrimeXBT V2.0 architecture will allow us to support even more currencies in the future, including fiat. We are confident this upgrade will help us to continue our rapid growth and improve the scalability of our product, enabling us to reach new audiences around the globe.”
Founded in 2018, Prime XBT is a Bitcoin-based platform, offering a leveraged trading on several digital assets including Bitcoin, Ethereum, Litecoin, and Ripple.