9 min readAs we bid farewell to 2024, it’s time to reflect on the advancements PrimeXBT has made this year. From innovative product updates to enhanced user experiences, we’ve taken major steps to strengthen our platform and expand its global reach.
Let’s take a closer look at the key highlights that have defined our year:
Product updates
2024 brought a series of game-changing updates, significantly improving user experience and expanding our offerings. Here’s how we enhanced our platform:
Expanded Crypto Wallets: Secure and Diversified
We launched a significant expansion in our wallet offerings, enabling traders to deposit, securely store, and exchange a broader range of cryptocurrencies. New additions include popular coins and tokens such as CRV, FET, INJ, AAVE, RSR, and others.
This enhancement provides traders with a more diversified selection, ensuring compatibility with various trading strategies and investment goals.
Simplified Access and Payments
- Streamlined user access: We integrated Apple ID and Google account sign-ins, making it easier for users to join and engage with PrimeXBT.
- Expanded funding options:
- Global additions: New payment methods include Virtual Accounts, QRIS (Indonesia), CoDi (Mexico), Pix (Brazil), MoMo Pay (Vietnam), and more.
- Regional focus: In South Africa, users gained access to local payment options such as Capitec Pay and bank card integration.
- Enhanced withdrawal options:
- Bank card integration supports seamless deposits and withdrawals globally.
- Region-specific options include fast withdrawals in Thai Baht (THB), Brazilian Real (BRL), and Vietnamese Dong (VND).
- Instant crypto withdrawals provide near-instant transaction times.
- Reduced withdrawal fees: Popular methods like BNB Smart Chain now cost as little as $0.20.
Introduction of USD accounts
One of this year’s key advancements was the introduction of USD deposits and USD-denominated accounts for Crypto Futures, CFD trading, and Copy Trading. This feature allows clients to open accounts in USD and deposit fiat currency directly, streamlining the trading process.
Available on both web and mobile applications, this update simplifies funding by enabling deposits via bank cards and other supported payment methods, with automatic conversion of local currencies into USD when required.
Hedge Mode: Enhanced flexibility for traders
We also introduced Hedge Mode on the Crypto Futures platform, providing traders with a powerful tool to manage risk and execute advanced strategies.
By enabling users to hold both long and short positions simultaneously on the same asset, this feature allows traders to navigate market volatility with greater confidence and precision.
Platform revamp
One of our most significant updates was the complete revamp of the PrimeXBT platform. This overhaul was a direct response to user feedback, resulting in a more intuitive and powerful trading experience.
Improved Exchanger: A smoother exchange experience
We focused on enhancing our exchanger to create a more efficient, user-friendly environment for traders. Here’s an overview of the key updates that have elevated the exchanger experience:
- Expanded asset selection:
- Added a wide selection of popular digital assets, offering a diversified range for every trader and investor.
- Includes both established cryptocurrencies and emerging tokens to support all trading strategies.
- Sleek new exchange interface:
- Updated with a more intuitive interface designed to simplify exchange processes.
- The improved design ensures easier navigation and faster execution.
- Optimised pricing:
- Refined exchange rates across all pairs, providing more competitive settlement.
- Better value on every exchange helps traders maximise profitability.
- Redesigned internal logic:
- Revamped internal systems deliver faster execution times and improved reliability.
- These enhancements ensure smoother performance and an improved overall user experience.
Reward Center Expansion: Gamified rewards for traders
We’ve enhanced the Reward Center to boost reward loyalty with exciting new features:
- Unified Bonus account: A seamless way to manage all your trading bonuses.
- Welcome Bonus cards: Start your journey with exclusive bonuses for new traders.
- Trader tasks: A gamified trading experience offering rewards as you complete milestones.
These updates have elevated user satisfaction by turning trading into a more dynamic and rewarding journey.
Expanding Cryptocurrency offerings
This year, we expanded our cryptocurrency offerings with the addition of exciting new Crypto Futures trading opportunities:
- New Coins: AAVE, CRV, INJ, MKR, POL, TON and 1INCH.
- 1000SHIB: Introduced a more streamlined way to trade SHIB.
PrimeXBT Mobile App: iOS and Android updates
2024 brought a series of impactful updates to the PrimeXBT mobile app, delivering an enhanced user experience across iOS and Android platforms. Here’s a closer look at the most notable improvements:
iOS enhancements
The iOS app saw significant upgrades, offering users a smoother and more intuitive experience:
- Streamlined registration process for faster onboarding.
- Updated Exchanger layout for enhanced functionality and ease of use.
- Improved balance processing logic, ensuring smoother transactions.
- A revamped deposit flow with enhanced verification steps.
- Updated registration process with platform selection options.
- Expanded accessibility to South African users with localised support.
Android advancements
Android users also benefited from a range of updates tailored to improve usability:
- Significant UI improvements, making navigation more intuitive.
- New Welcome screens to guide users through key app features.
- Enhanced product enablement logic for new clients.
- Option to easily share open positions with others.
- Simplified Copy Trading Start Screen for streamlined engagement.
Educational Advancements: Empowering Our Traders
2024 marked a significant step forward in PrimeXBT’s commitment to educating and empowering its trading community.
PrimeXBT Academy YouTube Channel
We upgraded and updated the PrimeXBT Academy YouTube channel, offering a wealth of educational resources. From in-depth tutorials to live trading sessions, the channel aims to equip traders of all levels with the knowledge they need to succeed.
New Senior Market Analyst
This year, we welcomed Matthew Hayward, our Senior Market Analyst, to the team. His expertise has brought engaging market updates, insightful trading discussions, and educational content to our platform.
With his guidance, we’re enhancing trader engagement and fostering informed decision-making across our community.
Risk-Free learning with Demo Accounts
Demo accounts were also introduced in 2024 to empower new traders with the tools they need to succeed. These accounts offer a safe, risk-free environment where users can explore the platform, practice trading, and refine their strategies without the pressure of real-world stakes.
By simulating live market conditions, demo accounts serve as an invaluable resource for building confidence and mastering trading fundamentals before transitioning to live trades.
Looking Ahead: More Highlights to Come
As we turn the final pages on 2024, it’s evident that this year has been one of significant milestones for PrimeXBT. From strengthening our global footprint to embracing corporate responsibility and earning prestigious awards, our journey has been nothing short of extraordinary.
These accomplishments are a testament to the dedication of our team and the unwavering support of our community. As we step into 2025, our focus remains on innovation, expanding opportunities, and delivering unmatched value to our traders.
We invite you to join us in shaping the future of trading and exploring the exciting opportunities that lie ahead.
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