The CEO of Switzerland’s crypto assets stock exchange will step down just eight months into his job following disagreements on how the nascent trading platform should be run. Martin Halblaub will depart at the end of August when his contract expires.
SIX Groupexternal link, which owns the Swiss stock exchange and its SDX digital exchange projectexternal link, played down the development, saying it will not affect the operation or its timetable. But this may be viewed as a blow for Switzerland’s ambition to host the first national stock exchange to trade a new breed of digital assets.
“I fully support SDX’s ambition and business model and would have loved to lead SDX into the future. However, I have decided with a heavy heart – given our differing ideas on strategy, combined with the stretch the role is for my life model – that I cannot engage in a long term commitment as Head of SDX,” Halblaub is quoted in the memo.
The key strategic difference is that Halblaub wanted SDX to be launched as an independent company – a plan that grated with SIX’s board who wanted the new exchange to operate under the overall SIX umbrella.
Halblaub will be replaced as SDX CEO on September 1 by Tomas Kindler on an interim basis, according to an internal memo released on Tuesday. Halblaub’s tenure has proved short-lived having only been appointed to the top position at the start of this year.
Kindler is currently number two to Thomas Zeeb, head of securities and exchanges at SIX. Zeeb says in the memo that an “executive search” has been launched to find a permanent replacement and that Kindler is one of the candidates they are looking at. Zeeb added that Halblaub has expressed an interest in remaining at SDX as a senior advisor.
“Martin [Halblaub] led SDX through its initial phase with great success. He helped shape SDX’s ambition, strategy and business model and has built a strong Management team around him. We thank him for his support during this phase,” SIX CEO Jos Dijsselhof says in the memo.
In an interview with the NZZ am Sonnntag newspaperexternal link on Sunday, Dijsselhof made no mention of the internal conflicts at SDX.
Announced in July 2018, the SDX project was initially timetabled to be operational by mid-2019. But that date has been put back to the first or second quarter of 2020 following internal tests later this year with banks that have ownership stakes in SIX.
SDX faces competition from several other countries and one domestic project as it seeks first mover advantage in the tokenized digital asset business that has been tipped to bring vast efficiencies to the trading of shares, bonds and an anticipated wave of new financial products.
Projects ranging from Germany, the United States and Thailand are also bidding to become the first national crypto asset exchanges. Budding crypto bank Sygnum in Zurich has teamed up with national telecoms operator Swisscom, the Deutsch Börse and other partners to offer a Swiss trading alternative.
USDT-Margined Futures Live on OKEx
OKEx, the world’s largest futures cryptocurrency exchange, today announced the launch of USDT-Margined Futures. After a successful simulation beginning November 5, 2019, BTC/USDT Futures Contracts officially went live today (November 14) on OKEx futures market.
Served as a virtual derivative product that is quoted and settled in digital token USDT, BTC/USDT contract has a face value of 0.0001 BTC. The available range of the leverage is 0.01-100x.Traders can long or short a position to profit from the increase or decline of a cryptocurrency’s price respectively. OKEx provides a wider derivative portfolio with a greater variety of underlying currencies and more comprehensive functionality to meet users’ trading requirements.
Key features include:
- Leverage Level: 0.01-100x
- Face value: 0.0001 BTC
- Tice Size: 0.1
- Trading Hours: 24/7
- Daily Settlement: 08:00 (UTC)
Advantages of USDT Futures Contracts include:
- Linear Contract – without the need to hedge the margin risk of inverse contracts
- Efficiency and Low-cost – trade without the hassle of switching between cryptocurrencies
- Comparatively Stable – reduce the risks induced by the volatility of the collateral’s price for future contacts and simpler calculations
- Intuitive Trading Experience – similar to spot trading with the addition of leverage, it is easier for users to master the trading system.
“The simulation of our USDT Futures Contract was very successful, and we received positive feedback from traders in the OKEx community,” said Jay Hao, CEO of OKEx. “At OKEx, we’ve developed a safe, reliable, and stable environment for cryptocurrency trading, and strive to offer new services based on our customers’ interests. We’re excited to add USDT linear contract to our Futures market and next on the Perpetual Swap market to meet the interests of our growing international user base.”
Other major cryptocurrencies such as EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV on the USDT-margined futures market will be soon launched.
About USDT-margined Futures, please refer to “OKEx Futures with USDT margin Trading User Agreement & Guide“.
BitMEX platform now in Trade-mate.io
Nowadays, the monitoring of all the statistics regarding exchange accounts and the management of all the potential forces that can lead to alterations, crucial data for all the traders, has become more accessible thanks to a well-known platform, called Trade-mate.io.
This platform constitutes the project of a very experienced team with significant contributions in the field of automated systems. In this platform, the traders can carry out exchanges either automatically or manually, and they can use Binance and Poloniex crypto exchanges as well. Other than that, the users can also benefit from the BitMEX trading platform via Trade-made.io, making their life easier.
Trading on BitMEX
BitMEX is a trading platform that provides to his users the ability to participate in the financial market worldwide by using the so-called bitcoins. This platform is the first one where investors are provided with crypto derivatives that give the possibility to execute transactions with a higher profit margin, with leverage up to X100.
Although, because of the emerging technical issues during the implementation of BitMEX via API have prevented many large exchange platforms of adopting it, that didn’t dissuade the Trade-mate.io of integrated it, widening its users’ potentials even more.
Minimizing the risk of loss
Even though the X100 leverage scenario is very attractive to all the traders, the risk of loss must not be overlooked. Even the most experienced traders are not fully protected from such a great risk ratio, as the price of the triggered order is too close to the elimination zone, which can lead to an X100 loss. On the grounds of that, Trade-mate.io has set an X20 limit at the trading leverage to protect its investors from a great loss of their deposits.
Cross-leverage hides big risks, as it uses all the available funds in an account’s balance to cover an open position. If the price is moving in the right direction, the leverage will be reduced as well as the collateral due to the accumulated profit. Albeit, in the case, that the leverage will escalate, as a consequence, there will be a total loss of the initial funds. In other words, when the position is opened and the order is liquidated, the entire balance will be reset.
Because of its highly risky nature, the cross-leverage is not recommended for risk-averse investors. It may be advisable for risk-neutral users, as it offers the ability to calculate again the size of the leverage, which will vary within acceptable values.
Because of its high-risk nature, the Trade-mate.io does not support cross-leverage.
Why use Trade-mate.io platform
One of the most important features of the Trade-mate.io platform is the fact that an order is placed with a take profit and stop loss simultaneously and, they can be altered either automatically or manually, providing to the investor with the opportunity to make Smart Trade functions.
A Smart Trading process consists of two types of orders, the limit order, and the market order. In the first case, an order is placed at the price of interest and when it riches the specified level, the order is activated. In this case, the order is pending. In the case of the market order, the purchase or the sale of an instant market asset is made at that moment.
The trailing mode is a Smart Trade’s function that rearranges the orders based on the specified parameters, allowing the trader to minimize the risk and to increase his profits. Trailing mode consists of three orders:
1. Trailing take profit
In this case, the order parameters change the value of floating take profit and the default setting is 1%. As the price attains the level of the determined take profit, the take profit is being automatically moved to the set value until the price is no longer changing.
2. Trailing stop loss
The difference with taking profit is that, in this case, instead of taking profit, the taking loss is the one that is moved as the price increases and it remains stable when the price is decreased.
3. Trailing ladder
Here, as soon as an order is opened, the take profit and stop loss are triggered concurrently. In more detail, when the price approaches the first level of taking profit, the stop loss is moved to the break-even point. This will continue until the price crosses the stop loss line and the sell is activated.
It should be emphasized that this mode is not included in the BitMEX platform or any other crypto exchange.
Edit a task
In the trade-mate.io platform, the traders are also able to edit the current task without canceling it, unlike with other crypto exchange users where the users are obliged to cancel the old task in order to create a new one.
In the Trade-mate platform, the task can be edited before the order is been activated. The traders are able to cancel the task, to change it in case they want to sell cryptocurrency when the price has reached desirable levels or to average it. By this can be benefit traders dealing with leverage, as once they have created an order, they are able to edit it in the meantime, making the whole process more simple.
Last but not least, in this platform, the traders possess the ability to change even the control panel and to make it comfortable for them to use it. They can move the elements in the control panel and adjust them at the most convenient for them positions by just dragging them around the screen.
Copy on BitMEX
BitMEX gives the opportunity to its traders to copy trades from other trades, the so-called auto trading. In addition, traders who execute successful trading on the crypto market, they receive incomes from the subscribers. That’s why Trate-mate.io selects only the traders with the highest ratings in order to guide others. Again, for the safety of its users, the leverage for auto trading will be no more than X5. In this way, liquidating balances are prevented.
Sygnum granted capital markets services licence for asset management in Singapore
Sygnum, the digital asset technology group based in Singapore and Switzerland, announced today that it has successfully obtained a capital markets services (CMS) licence from the Monetary Authority of Singapore (MAS) (1).
The company recently received its banking and securities dealer licence from the Swiss Financial Market Supervisory Authority (FINMA). With the CMS licence, Sygnum can now conduct asset management activities in Singapore, and will focus primarily on digital asset investment strategies for institutional and private qualified investors.
The first product will be a multi-manager fund (also referred to as a “fund-of-funds”), which allocates investments across a portfolio of managers that tap into the global digital asset opportunity using different and uncorrelated investment strategies. This will soon be available in Switzerland through Sygnum’s banking platform to institutional and private qualified investors.
Sygnum’s team has interdisciplinary expertise across digital assets and traditional asset management, and partners with a number of specialist digital asset fund managers. At the same time, Sygnum uses a systematic portfolio construction methodology, supported by a rigorous manager and operational due diligence process to mitigate the risk of investing in this new asset class.
“The CMS licence is an important milestone to establishing our asset management arm, leveraging the vibrant financial environment in Singapore. This is complementary to our banking services in Switzerland and will also benefit our Swiss institutional and private qualified investor clients,” said Sygnum Head of Asset Management, Stefan Mueller.
“Our dual location – in Singapore and Switzerland – is one of the cornerstones of our strategy. This is reflected across team, advisory council, board of directors as well as investor base. All have been instrumental in our achievements so far across both countries,” added Sygnum Co-Founder and CEO Singapore Mathias Imbach.
Sygnum has an outstanding board of directors and advisory council, with a list of established names across both countries. In Switzerland, this includes BlackRock vice-chairman Dr. Philipp Hildebrand and former UBS Group CEO Peter Wuffli. They are joined in Singapore by ex-MAS regulator Chua Kim Leng, and Singapore sovereign wealth fund, GIC, board members Hsieh Fu Hua and Ang Kong Hua. Hsieh and Ang also hold various leadership and board positions in other key Singapore institutions. Most recently, the company has further strengthened the organization with the appointment of Jennifer Lewis, former managing director of communications at GIC, as an advisor to the Singapore leadership team.
Sygnum is the world’s first digital asset bank. With its Swiss banking and securities dealer licence, as well as its capital markets services licence in Singapore, Sygnum empowers institutional and private qualified investors, corporates, banks and other financial institutions to invest in the digital asset economy with complete trust. The company is the first digital asset bank with an independently controlled, scalable and future-proof regulated banking solution. Sygnum’s interdisciplinary team of banking, investment and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singapore banking heritage and operates globally. To join Sygnum, preboard at www.sygnum.com/preboard today.
Binance Lists NGN, Offers Zero Fee Promo for Deposits
Binance has opened deposits for the Nigerian Naira (NGN) through Flutterwave. We have also added trading pairs BUSD/NGN, BNB/NGN, and BTC/NGN to the Stablecoin Market (USDⓈ) as of October 24, 2019, 12:30 UTC. Users can now start depositing NGN and using it to buy BUSD, BNB, and BTC.
Promo: Enjoy Zero Fees on NGN Deposits
To celebrate the first fiat currency listing on Binance, all newly registered users who deposit NGN to Binance through Flutterwave will enjoy zero fees for deposits up to 36,000 NGN starting October 24, 2019.
Binance has committed a total of 10,000 USD worth of NGN to give to our newly registered users worldwide. Rewards will be distributed on the following day based on the first-come-first-served manner.
- NGN is the legal tender of the Federal Republic of Nigeria. NGN is the currency code, not the digital currency code.
- NGN deposits fees are set at 1.4%. The maximum deposit amount per transaction is 430,000 NGN, while the minimum deposit amount per transaction is 150 NGN.
- Rewards will be distributed the day after you made your deposit, before 7:00 AM UTC. You can check your prize by going to Distribution History > Wallet > Account Center.
- The exchange rate between USD and NGN will be based on the intermediate exchange rate.
Digital Asset TDN Used to Acquire $25m of Graphite
SovTech technology firm TODAQ, the creators of the cryptographic digital asset TDN, have reached an agreement with Gratomic Inc for the purchase of US$25m of graphite. This is the first deal of its kind, with the graphite to sit in the TDN reserve backstop to further underpin the true value of deployed TDN; a key strategy behind the evolution of the TDN rewards program, as well as allowing cryptographic ownership of commodities as it is processed and traded.
Following the recent announcement of TDN’s pending commercial loyalty program rollouts and BitForex listing, this first commodity buy with TDN represents a landmark achievement for the group behind it. TODAQ have set out to build a digital asset of true value and interoperability so that all businesses, people and markets can exercise strong ownership and transact quickly with security and long-term stability, with the asset reserve backstop becoming a pillar of this strategy.
Gratomic Inc is a pioneer in the mining and commercialization of graphite products, including the super-strength nano material graphene that is used extensively in the digital economy for its conductive abilities in circuit boards, along with a wide range of mass-market applications, such as with elastomer and polymer products, including the $222 billion tire market.
Speaking on the TDN for graphite deal, Gratomic Executive Chairman Sheldon Inwentash commented, “Building our long-term treasury and creating secure digital ownership of commodities that can carry an immutable history of its quality, amount, handling, testing and custody, and which can move without friction through manufacturing chains or on trading platforms is where we need to be. As we move to production, this acquisition program creates the foundation to start that focused work.”
TODAQ CEO Hassan Khan added: “This is the first of many deals we are lining up to give the backstop a mixture of assets and commodities that reflect the real world, that reflect real value that can be understood by existing markets. Too often, digital assets rely on sentiment for their perceived value; we intend for TDN to have both substance and utility.”
TODAQ is working on several other TDN deals, including raw materials, metal commodities and commercial deployments of TDN into consumer markets.
“Diversifying the backstop to underpin TDN’s real use in the wider economy is core to our strategy. The fact that we have such a variety of asset negotiations in play gives us great confidence that what we set out to achieve is coming true; a digital asset that allows for direct ownership and control of any commodity or asset, be it physical or digital,” added Khan.
Facebook’s Libra Loses Mastercard, Visa in Cascade of Exits
Facebook Inc.’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard Inc., Visa Inc., EBay Inc., Stripe Inc. and Mercado Pago, abandoned the project. The defections followed fierce criticism from global regulators and lawmakers, and have prompted some industry-watchers to question whether the Libra program can survive.
The news comes days before the Libra Association, the group that will oversee the digital currency, prepares to convene its members and ask them to sign a charter agreement. The meeting is slated to take place on Monday in Geneva. A Libra Association spokeswoman said on Friday that the gathering will proceed as planned, and that it would announce the first list of official partners once a formal charter is signed.
In a statement, the spokeswoman said the group was “focused on moving forward and continuing to build a strong association” as it worked to create “a safe, transparent, and consumer-friendly implementation of a global payment system that breaks down financial barriers for billions of people.”
When Facebook launched plans for Libra in June, a critical part of its pitch was that major players in the payments and tech industry were supporting it. The cryptocurrency would be run out of Geneva by the organizations that comprised the Libra Association, not solely by Facebook. But now that that alliance appears to be eroding, the project’s future is uncertain.
“I don’t think Facebook can do this by itself,” said Michael Pachter, an analyst for Wedbush Securities told Bloomberg TV. “Short of a big bank stepping in like JPMorgan, I don’t think this could ever happen.”
In a tweet on Friday, David Marcus, the Facebook executive spearheading the effort, said that the exit of six partners would not derail the effort. “I would caution against reading the fate of Libra into this update,” he wrote. “Change of this magnitude is hard. You know you’re on to something when this much pressure builds up.”
Whether or not Libra implodes, the exits highlight the extreme challenges that lie ahead for the project, which if successful could have a sweeping impact on the global financial system. “It may very well fail completely,” said Lisa Ellis, an analyst at MoffettNathanson. Even if it survives, progress will take much longer and “it’s likely to fall into some level of obscurity,” she added.
Facebook has faced fierce backlash since the company announced plans for Libra. Politicians and regulators around the world have called on Facebook to halt its progress, and some have suggested Libra could be used for illegal money laundering or trafficking schemes.
Despite the scrutiny from public officials and the exodus of partners, Facebook remains committed to Libra, according to a person familiar with the matter who asked not to be identified because they were not authorized to speak publicly. Some people inside the company think the defections are partly driven by established payments providers worrying about a new entrant encroaching on their turf, the person said.
In the months since its announcement, Facebook has frequently found itself in the spotlight over the cryptocurrency. Marcus went to Washington in July to testify before Congress about Facebook’s plans. Later this month, Chief Executive Officer Mark Zuckerberg is scheduled to appear before the House Financial Services Committee to answer even more questions about Libra.
Earlier this week, two U.S. senators cautioned Visa, Mastercard and Stripe to reconsider their involvement in the project. Senators Sherrod Brown of Ohio and Brian Schatz of Hawaii said that Libra poses a risk to not only the financial system, but the payments companies’ broader business. “We urge you to carefully consider how your companies will manage these risks before proceeding,” they said a letter to the companies.
Mastercard said in a statement that it will “remain focused on our strategy and our own significant efforts to enable financial inclusion around the world,” adding, “We believe there are potential benefits in such initiatives and will continue to monitor the Libra effort.” Visa said the company would also continue to evaluate whether to join in Libra in the future, and that the company’s “ultimate decision will be determined by a number of factors, including the Association’s ability to fully satisfy all requisite regulatory expectations.”
In a statement on Friday, EBay expressed its support for the project, but said it would focus on rolling out its own payments products. “We highly respect the vision of the Libra Association; however, eBay has made the decision to not move forward as a founding member,” an EBay spokesman wrote in the emailed statement. “At this time, we are focused on rolling out eBay’s managed payments experience for our customers.”
Payments giant Stripe, one of the most high-profile startups to sign onto the project, signaled it remained open to working on it in the future. “Stripe is supportive of projects that aim to make online commerce more accessible for people around the world. Libra has this potential,” said a company spokesperson. “We will follow its progress closely and remain open to working with the Libra Association at a later stage.”
UNICEF Launches Cryptocurrency Fund
UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world.
Under the structure of the UNICEF Cryptocurrency Fund, contributions will be held in their cryptocurrency of contribution, and granted out in the same cryptocurrency.
“This is a new and exciting venture for UNICEF,” said Henrietta Fore, UNICEF Executive Director. “If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.”
The first contributions to the UNICEF Cryptocurrency Fund will be received from the Ethereum Foundation and will benefit three grantees of the UNICEF Innovation Fund – and a project coordinated by the GIGA initiative to connect schools across the world to the internet.
“The Ethereum Foundation is excited to demonstrate the power of what Ethereum and blockchain technology can do for communities around the world. Together with UNICEF, we’re taking action with the Cryptofund to improve access to basic needs, rights, and resources,” said Aya Miyaguchi, Executive Director of the Ethereum Foundation. “We aim to support the research and development of the Ethereum platform, and to grow the community of those that benefit from a technology that will better countless lives and industries in the years to come. We’d like to thank UNICEF and the UNICEF family of national committees for their leadership as we create real progress together.”
The Ethereum Foundation will make its initial donation through the French National Committee for UNICEF.
UNICEF national committees of USA, Australia and New Zealand also accept cryptocurrency.
The launch of the UNICEF Cryptocurrency Fund is part of UNICEF’s ongoing work with blockchain technology. UNICEF co-leads the UN Innovation Network with WFP. The network is responsible for researching the potential and pitfalls of blockchain and other emerging technologies.
Updates to Coinbase Pro Fee Structure
Coinbase Pro will implement a new fee structure designed to increase the depth and liquidity of our markets.
In order to respond to client needs, Coinbase periodically updates pricing. All fee updates are shared prior to being implemented.
This latest update will slightly increase fees for lower-volume customers and reduce fees for high-volume customers — any customer transacting above $50,000 a month will either see a reduction in their trading fees, or no change at all. The update also introduces three new tiers below $100,000 a month.
New Fee Schedule
The calculation for volume tiers will continue to be based off trailing 30 day volume. You can also see your trailing 30 day volume within Coinbase Pro.
SoFi Introduces Crypto Trading With SoFi Invest
SoFi announced today that it has added crypto trading to its fast-growing SoFi Invest platform, as a response to demand from its over 800,000 members. SoFi Invest is now the first platform to offer automated and active investing with stocks, ETFs, and crypto through a single app.
Individuals can easily buy and sell several cryptocurrencies with straightforward, competitive commissions and no account minimums, as well as track the price movements of the world’s most widely-traded digital assets, with more cryptocurrencies to be added in the coming months. SoFi secures all crypto holdings from fraud and theft.
“Feedback from our members has made it clear that a significant percentage are not only interested in learning more about cryptocurrencies but are also already buying and selling crypto,” said SoFi CEO Anthony Noto. “We’re very pleased to be adding this new product to SoFi Invest, as access, education, and keeping costs low for our members is at the heart of what we do.”
SoFi Invest, released to the public earlier this year, offers both automated (robo-advising) and active investing (trading) with no fees on stock trading or account minimums. The launch of crypto trading comes on the heels of SoFi’s introduction of its own SoFi-branded ETFs this Spring, which included the first two zero-fee ETFs on the market, as well as Stock Bits: the ability to buy and sell fractional shares in over 100 popular stocks and ETFs ranging from Apple and Amazon, to Alphabet and Tesla*.
PrimeXBT Expands Referral Program and Launches First Offer for Affiliate Partners
PrimeXBT, a bitcoin-based margin trading platform offering up to 500x on crypto, commodities, indices, and forex currencies, has announced an expansion of its wildly successful referral program and the launch of the first-ever offer for affiliate program partners.
Affiliate Programs Invite Clients To Be A Part Of Something Big
Clients interested in earning additional income through PrimeXBT beyond just trading alone will have two lucrative options to choose from: a new CPA offer, or an expanded 4-level referral program.
Both types of programs have unique benefits that are designed to suit a variety of trader’s needs, offering quick payouts and extremely high conversion rates due to the simplicity of signing up to PrimeXBT and the platform’s reputation for offering the most advanced tools in the market. PrimeXBT requires no KYC verification, making registration fast and simple.
Either program is ideal for professional traders, bloggers, and more, or the owners of private groups, websites, forums, or other resources. The larger the following or audience, the more income can be generated. Social media influencers or bloggers with over 5K or more active subscribers may be eligible for a special, tailor-made program custom to suit their unique individual needs.
Expansion of Referral Program Following Viral Success
PrimeXBT’s referral program has become a viral sensation, fueling the incredible growth of the trading platform’s user base, and is now expanding to offer clients even greater earning potential.
The referral program is a 4-level revenue share model. This means that clients will not only earn a 50% revenue share of the monthly trading fees generated by referred users but will continue to earn a portion of the fees from any additional customers the referral brings to the platform – for up to 4 levels of earning.
PrimeXBT Debuts Affiliate Program First CPA Offer
PrimeXBT’s CPA offer awards clients with a one-time compensation for each and every individual trader who becomes a registered customer through a shared referral link.
Rather than relying on generating income from trading fees from referred users, traders who select this option can earn a consistent fee, growing their income with each new customer signup.
The most experienced affiliates may be eligible for a special CPA plus rev-share program, offering the best of both worlds, and are encouraged to inquire if interested.
Top 3 PrimeXBT Affiliates Have Earned Over 100 BTC Combined
Proving the runaway success of the PrimeXBT referral program, the three top referrers have earned 49 BTC, 33 BTC, and 26 BTC respectively. That amounts to over 100 BTC across just the top three accounts, or over $1 million generated in additional income through a rev share of referred customer’s trading fees.
The more new customers these traders referred, the faster and higher they were able to drive up their earnings.
Trading Platform Rewards Clients Who Refer New Customers
Clients can access an affiliate dashboard within their PrimeXBT account that provides transparent reporting on all referred users and payouts, and download a helpful marketing kit. The affiliate dashboard also allows for easy access to a client’s affiliate link and will soon include buttons to easily share affiliate links via social media, right from within the dashboard itself.
Payouts are among the fastest in the industry and can be made through Skrill, Mastercard, Visa, Neteller, or through wire transfer.
A PrimeXBT official spoke of the expansion of the platform’s affiliate programs, explaining that “PrimeXBT clients have helped drive the tremendous growth of the platform throughout the year, and we have expanded our affiliate programs as a way to share in our success and reward them for their loyalty.” “PrimeXBT is a product customers can proudly recommend to others, helping them to become profitable traders using the platform’s advanced trading tools to trade a number of digital or traditional assets,” they continued.
More information on PrimeXBT’s CPA affiliate program and 4-level referral program can be found at https://primexbt.com/affiliate.
PrimeXBT is a fintech company established in 2018 which offers a Cryptocurrency, FX, Indices and Commodities trading infrastructure with up to 500x leverage for long and short positions, and aggregated liquidity from multiple liquidity providers. 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.
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