PrimeXBT Enables Solana, Cardano, Polkadot, Dogecoin And More For Margin Trading and Covesting

September 15, 2021
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PrimeXBT Enables Solana, Cardano, Polkadot, Dogecoin And More For Margin Trading and Covesting - PrimeXBT Lists

Since our platform was first released, it has always been a crypto-first platform built on a solid traditional market foundation. When cryptocurrencies were trading sideways, introducing synthetic contracts on conventional assets such as forex, commodities, stock indices, and more was a logical fit. 

As the cryptocurrency industry itself has matured, the next evolution in PrimeXBT refocuses on its early roots in crypto. We are proud to reveal that new crypto assets and altcoin trading pairs have been added to our advanced multi-asset margin trading platform and are now immediately available to all. 

Introducing PrimeXBT’s Newest Crypto Assets

The crypto ecosystem has changed significantly over the last year and more. Notably, the amount of altcoins with proper liquidity and trading volume has grown substantially. As such, PrimeXBT has listed the following digital assets and trading pairs:

Cardano (ADA)

Cardano (ADA) is an open-source, decentralized blockchain platform created by Charles Hoskinson that utilizes a proof-of-stake consensus algorithm. Cardano has recently grown in popularity leading up to the Alonzo hard fork, which includes the launch of Plutus smart contracts. Cardano has been listed for trading as ADAUSD and ADABTC trading pairs.

Chainlink (LINK)

Chainlink (LINK) was among the best-performing cryptocurrency assets of the last several years, beating Bitcoin and Ethereum in ROI. Chainlink is a decentralized oracle network designed to facilitate the transfer of tamper-resistance data to on-chain smart contracts for the most accurate pricing. Chainlink has been listed for trading as the LINKUSD trading pair.

Dogecoin (DOGE)

Dogecoin (DOGE) is an open-source proof-of-work cryptocurrency that utilizes a greener scrypt technology than Bitcoin’s. The coin began initially as a joke based on the “Doge” meme featuring a Shiba Inu. No longer a laughing matter, Dogecoin is now in the top ten cryptocurrencies by market cap, commands more than $30 billion in market capitalization, and has support from the likes of Elon Musk. Dogecoin has been listed for trading as the DOGEUSD trading pair.

Polkadot (DOT)

Polkadot (DOT) is another proof-of-stake coin offering a sharded multi-chain architecture that enables cross-chain interoperability across any and all blockchains. Polkadot doesn’t just allow tokens or coins to be transferred across blockchains but all types of data to create a massive, internet-like blockchain network. Polkadot has been listed for trading as DOTUSD and DOTBTC trading pairs.

Solana (SOL) 

Solana (SOL) calls itself the fastest blockchain globally, with up to 50,000 transactions per second. Solana is blossoming into an active ecosystem that could realistically compete with Ethereum, complete with DeFi, NFTs, and untouchable speed. Solana has been listed for trading as the SOLUSD trading pair.

Uniswap (UNI)

Uniswap (UNI) tokens are the governance token to the automated market maker platform and decentralized cryptocurrency exchange, Uniswap. UNI lets token holders participate in decision-making that can impact the platform’s operations. Uniswap has been listed for trading as the UNIUSD trading pair.

XRP (XRP)

XRP (XRP) is the native cryptocurrency to the Ripple blockchain protocol, launched by parent company Ripple. XRP has long been among the most respected yet polarizing cryptocurrencies and has previously been ranked number two by market cap, right behind Bitcoin. XRP has been listed for trading as XRPUSD and XRPBTC trading pairs.

How To Access The New Assets And Trading Pairs

PrimeXBT users can visit the margin section of the dashboard to access any of the new or existing assets and trading instruments listed. Simply find each new trading pair and open the chart, add to a watch list, and more. Long and short positions for each new altcoin trading pair will be added to a trader’s portfolio right alongside Bitcoin, Ethereum, and traditional assets like forex, the S&P 500, gold, or oil.

The full list of trading pairs includes:

  • ADAUSD
  • ADABTC
  • LINKUSD
  • DOGEUSD
  • DOTUSD
  • DOTBTC
  • SOLUSD
  • UNIUSD
  • XRPUSD
  • XRPBTC

Each asset’s unique trading pairs are also included in the analysis section within PrimeXBT and have been integrated into the reporting section and other key areas. This also consists of the Covesting copy trading module, meaning strategy managers can also trade these currently trending coins to add to their growing total profits listed within the Covesting leaderboards.

All new crypto assets are available with up to 1:20 leverage when margin trading and up to 1:10 leverage with a Covesting strategy manager account. Be sure to check out the PrimeXBT website for the most up-to-date information on fees and trading conditions.

Conclusion: Why Traders Must Try The New Trading Pairs

In the past, we’ve brought continuous innovations to the market and look forward to the roadmap ahead, which includes the debut of new experiences such as Covesting Yield Accounts. 

Our client-focused approach ensures we constantly review customer feedback, market trends, and more and use the information to strategize on our next move. This could be improvements to the Covesting module, an upgraded user interface, new deposit options, or, as this latest update has shown, new altcoin assets that show strong market demand.

The latest addition to the already massive list of trading instruments on PrimeXBT leaves no opportunities behind and provides even greater options for professional-level portfolio diversification. If you aren’t already registered to the most advanced trading platform around, sign up today, and try our newly listed trading pairs on Cardano, Chainlink, Dogecoin, Polkadot, Solana, Uniswap, and XRP.

Risk Disclaimer:

Investing in or trading gold or other metals can be risky and lead to a complete loss of capital. This guide should not be considered investment advice, and investing in gold CFDs is done at your own risk.

The information provided does not constitute, in any way, a solicitation or inducement to buy or sell cryptocurrencies, derivatives, foreign exchange products, CFDs, securities, and similar products. Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of PrimeXBT. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and derivatives such as CFDs (Contracts for Difference), Non-Deliverable Bitcoin Settled Products and Short-Term Bitcoin Settled Contracts involve a high degree of risk. They require a good level of financial knowledge and experience. PrimeXBT recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued.

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