The cryptocurrency market is currently poised, waiting to see if we are in the midst of the formation of the next major crypto bull run that could take the price of Bitcoin anywhere up to $50,000 or more.
I'm taking a look and what the best crypto margin trading platforms are to use in the bull run, based on a range of metrics such as having high leverage, having a reputation for good security, and having high liquidity.
Why is Crypto Margin Trading So Popular in 2020?
Crypto margin trading platforms have come from being few and far between going back only just 5 years ago, to now being the primary way the cryptocurrency is bought and sold globally each day.
What's made crypto margin trading so popular amongst traders is that not only does it provide a range of different mechanisms to generate an increased amount of profit with the same amount of investment, but traders are also able to use margin trading to create robust risk management strategies.
As the market has matured and developed, traders have become more aware of the options they have available as well as there being a greater amount of competition leading to more platforms adopting advanced technologies such as margin trading.
This has meant that in the past few years there has been an exponential increase in the number of cryptocurrency traders that are now using margin trading to protect themselves comma and to generate more profit.
Best Crypto Margin Trading Platforms
PrimeXBT
PrimeXBT is the world's leading multi-asset margin trading platform, coming from launching only 3 years ago, to today managing up to $950 million of global trade per day.
PrimeXBT provides industry leading leverage of up to 100X on all crypto assets, and up to 500X on all traditional assets, which is far above the leverage provided by much of the rest of the market.
It's because of this and other factors such as PrimeXBT providing a powerful trading engine that can execute up to 12,000 trades per second that they have built a reputation for being the premier platform to margin trade cryptocurrency in 2020.
As well as this traders at PrimeXBT enjoy the lowest fees in the industry of just 0.05% on all trades, irrespective of the size of the trade or the asset being traded.
Binance
Binance is one of the more well-known trading platforms on line today, and although for much of their life they didn't offer margin trading facilities, they have now added this to the services that they provide..
Although Binance does offer margin trading, they offer only a maximum of 3X leverage on cryptocurrency trading which is significantly lower than PrimeXBT’s 100X leverage on all cryptoassets.
Binance has used its native cryptocurrency, the Binance Coin, in order to grow its exposure and to build a large user base within the cryptocurrency industry.
The main drawcard for traders has been reducing the fees that they pay by up to 25% by using the Binance Coin, however Binance has one of the most expensive trading fee schedules in the industry and even with a 25% discount this is still higher than many other platforms in the industry.
Saying this, Binance is a good option for anybody looking for crypto margin trading platforms.
In Summary
While there are many crypto margin trading platforms in the industry today, PrimeXBT and Binance are the best crypto margin trading platforms, based on the services and security they provide.
Crypto margin trading is only becoming more popular each year, and as this sector of the industry grows, so these two platforms will enjoy a huge influx of new traders seeking high quality crypto margin trading services.