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PrimeXBT Expands Its Product Offering and Partners With Covesting

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PrimeXBT Expands Its Product Offering and Partners With Covesting
Source: Prime XBT

PrimeXBT, a 4th generation cryptocurrency trading platform offering 100x leverage such digital assets as Bitcoin, Ethereum, Litecoin and more, high liquidity, ability to trade Long and Short, and a customizable user interface, has announced an exciting new partnership with the prestigious ADFVN award-winning cryptocurrency trading infrastructure Covesting that is certain to get the crypto market buzzing.

Under the partnership agreement, Covesting will provide the necessary technology to execute its highly-anticipated copy-trading functionality on PrimeXBT. The module is expected to be implemented in the next 3-4 months, with full integration scheduled for completion by August 2019.

The COV utility token will become an integral piece of the copy trading module on PrimeXBT, reducing fees for traders who utilize the token. Over the course of the next few weeks, PrimeXBT will begin actively approaching the industry’s top traders, enticing them to join the platform and build their trading legacy and extensive follower base on the platform. The new traders will join PrimeXBT’s host of successful traders, 69% of which already managed to generate profits of 300% to 1200% using leverage during Bitcoin’s recent rally.

PrimeXBT officials shared their excitement over the industry-shaking partnership, saying that,

“after an amazing start last year, we have gained significant traction and support from crypto communities around the globe. We are ready for a new chapter, and are pushing full throttle to expand our line of products to offer the most robust platform across the industry.”

The officials added,

“Most importantly, Covesting is fully-licensed by the GFSC, bringing with them a level of certainty and trust that their proprietary technology will be integrated smoothly and efficiently. We aim to offer the most innovative solutions in the crypto market, and this partnership with Covesting sets a major milestone for the industry and a new chapter for the whole PrimeXBT community of traders.”

About Covesting

Covesting is a global fintech company launched by former Saxo Bank traders, registered and incorporated in Gibraltar. Covesting is building an ultimate cryptocurrency trading infrastructure that includes a licensed digital asset exchange, copy-trading platform, aggregated order book and fiat/crypto gateway fully compliant with strict requirements of European regulators. Covesting has become one of the first companies in the world to receive a Distributed Ledger Technology License [DLT] from regulatory authorities in Gibraltar. Covesting’s products and services meet the needs of both neophyte investors and professional traders covering a wide range of cryptocurrency trading aspects, from education and market analysis to liquidity aggregation, copy-trading, and algorithmic order execution.

About PrimeXBT

PrimeXBT is a fintech company established in 2018 which offers a cryptocurrency trading infrastructure with 100x leverage for long and short positions on multiple digital assets. The company provides access to real-time market data and a wide range of trading analysis tools while maintaining security, liquidity, and enabling a safe and efficient trading environment for everyone. PrimeXBT addresses problems like low liquidity, inability to earn from falling markets, unexpected down-times, long KYC approvals, high trading fees, limited order types, and poor UI.

For more information please visit PrimeXBT.
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For more information on this and other press release topics, contact Prime XBT PR department.



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Press Release

Are Blockchain Casinos on the rise?

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Are Blockchain Casinos on the rise?
Source: Pixabay

Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

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