If you’re a PrimeXBT user or have been following the popular margin trading platform’s development, you would be well aware of the recent asset expansion and feature rollout. This includes the addition of 30+ world leading forex, commodities, and indices markets and the possibility to trade them with the highest leverage offered by any other trading platform.
This comes as an addition to already offering the 5 top crypto-assets with the industries highest leverage of up to 100x. Such a rich feature suite and advanced technological infrastructure come as a result of robust software development and maintenance.
Due to the fact that PrimeXBT is still a young trading platform, regular security audits and scheduled maintenance are of the utmost importance to ensure the platform is safe and performing exactly as it should.
To its credit, PrimeXBT hasn’t encountered any technical difficulties or hiccups - even under tremendous loads amongst the hype of the recent Bitcoin rally. Rather, the platform hit new highs - exponentially increasing its user base by 300% in only a week.
At this early stage, while PrimeXBT is establishing itself, the platform is scheduling maintenance approximately once every 2 weeks for no more than an hour at a time. Prior to the platform’s planned downtime, an email is sent out to users, as follows:
The email explains that while the maintenance is taking place users need to be aware:
- Logging in to their trading accounts will not be possible.
- Open orders and positions will be maintained throughout the maintenance.
- Open positions may be liquidated after the maintenance if the margin requirements are not met at the time of maintenance completion.
- Open orders may be executed after maintenance completion in case the asset price reaches the order's limit price.
Scheduled maintenance is standard practice and a precautionary measure to prevent the occurrence of technical issues from arising. Traders using the platform needn’t be concerned by it, simply prepared for the downtime so that open positions aren’t negatively affected.
In its early days, Binance experienced stability issues, while Bitmex still does to this day - yet, both are among some of the most popular exchanges to date. A trading platform’s infrastructure is complex, processing an unfathomable amount of transactions per second - thus maintenance is critical in ensuring the platform’s safety and performance.
As PrimeXBT intends to expand its asset offerings and features over time, active traders can expect to receive an alert every now and then to prepare them for the downtime. This maintenance and software development will only contribute to further enhancing the platform’s functionality.
You can see check in and see live updates of upcoming, ongoing, and past maintenance here: https://status.PrimeXBT.com.
To learn more about PrimeXBT head to https://primexbt.com.