Trading volumes climbed alongside Bitcoin’s price during its parabolic advance back in 2017. But the following bear market that followed the break below $20,000 has caused trading volumes to dwindle throughout 2018.

However, 2019 has started off with a bang, and trading volumes have begun to rise yet again, surpassing the trading volumes witnessed during the 2018 bear market. The increase in interest now that the crypto winter has ended, has created an opportunity for new exchanges to emerge, and make a strong name for themselves.

In a short time, no other exchange has risen from the bear market ashes like a Phoenix and caused the uproar and buzz that PrimeXBT has. Already, the exchange is beating CME Bitcoin Futures trading volume, and is on track to surpass $250 billion in trading volume over the next 6 months, according to our team of research analysts.

To the Moon: The Raw Data On PrimeXBT’s Meteoric Rise

In just a few short weeks after the platform launched, PrimeXBT is already experiencing massive trading volumes comparable with exchanges that have been on the market for years.

PrimeXBT is already averaging over $100,000,000 in daily trading volume on the platform, and has been growing at a rate of 39% week over week. Each week, the growth rate compounds, and with 24 weeks in a six month timeframe, this equates to an absolutely staggering growth rate of 248,196%.

Upon crunching the numbers, PrimeXBT is on an unstoppable path to reach an average daily trading volume of $248 billion during the first half of the year. And when you combine the crypto market experiencing higher than ever trading volumes, and PrimeXBT’s cutting edge features, 4-level referral program, and more, the number may actually end up being a conservative estimate.

The Emergence of Margin Trading in Crypto Markets

Margin trading is the hottest new trend in crypto trading, and PrimeXBT is at the forefront of innovation in this enticing area. PrimeXBT offers 100x leverage across all of the crypto assets available on the platform – the highest level of margin available across the crypto market.

In the current market environment, trading ranges are the tightest they’ve ever been due to a near complete lack of volatility in the asset class once notorious for having extreme volatility. Because price fluctuates so little, traders are left scraping the bottom of the barrel for profits.

That’s why margin trading has become such a powerful new trend, as traders have had an epiphany that the gains they once experienced are once again possible when using leverage in their trading strategy.

For example, a $1,000 BTC order using 100x leverage acts as if the capital was $100,000, and if a trader successfully predicts the right direction, a simple 2% move can earn a trader up to $2,000, instead of just $20 in a standard buy and sell trade.

Margin trading has also helped lure traders from traditional markets such as the forex market. And as these traders flock to the crypto market seeking to profit off of the emerging asset class, they are finding that there is no other suitable platform that meets their unique needs and experience levels as well as PrimeXBT does. Decades of best practices in traditional markets has been brought to PrimeXBT, and it makes a world of difference to top traders around the globe.

Mass Exodus from BitMex Toward Greener Pastures

Another important factor in PrimeXBT’s explosive growth is the fact that the only other major exchange to offer 100x leverage is BitMex, and the exchange has a reputation for being frequently unstable, causing traders to be liquidated or miss out on profitable trades.

Traders everywhere have become frustrated with the frequent “order submission errors” that plague the BitMex experience. Even with PrimeXBT’s growing trading volumes, the trading terminal always remain stable thanks to the platform’s bank-grade infrastructure built on decades of experience across other traditional financial markets such as forex and stocks.

Conclusion

Even as a newcomer in the crypto market, the time-tested experience from other traditional markets shines through, putting a spotlight on what is the most cutting edge and feature packed cryptocurrency trading platform the world has ever witnessed.

PrimeXBT is already off to such a strong start, and is aggressively expanding as rapidly as it can. The exchange is already preparing for mass expansion, and has some new features it has been teasing for the future that will help it achieve significant trading volume with relative ease.