PrimeXBT: Why Bitcoin Traders should consider Transitioning to Forex, Commodities and Indices in 2020

Over the past four years there has been a maturation of the cryptocurrency trading industry and the traders within it that is perhaps more dramatic than the change in the market over the preceding seven years in total before that.

This has been most pronounced when looking at the sophistication of the traders involved in the cryptocurrency market today, who have a much deeper understanding of how to find and monopolize on a range of opportunities within the markets.

Interestingly right now, perhaps the most advantageous opportunity for cryptocurrency traders is actually not to trade cryptocurrency, but instead to look towards the traditional financial markets of the world for greater short-to-medium term opportunities to Profit.

What Has Been the Impact of COVID on Global Markets?

The novel coronavirus has in a very short period of time gone from first hitting the news, to effectively shutting down the entire world and ensuring that everybody in most major countries are locked indoors for 90% of the time.

While this has had psychological and emotional effects on many people, the most pronounced effect has obviously been the impact of the coronavirus on the economy at large.

With so many people at home, and so many businesses that have shuttered their doors, this has impacted the economy as a whole, dropping the strength of the world economy in one fell swoop, and has also dramatically impacted the financial markets of the world as a result of this.

While the impact on the cryptocurrency market has been obvious, with that being a large crash that has not been seen to this scale in many years, if at all, it is the traditional market which has also seen a huge crash in value that we are focusing on in this article because of its enhanced opportunities compared to the cryptocurrency market.

Why Bitcoin Traders should consider Transitioning to Forex, Commodities and Indices in 2020

So the parallel between the cryptocurrency market and the rest of the financial markets of the world is that they have both seen huge selloffs over the past weeks and months, as well as large crashes.

The difference between the two is that the cryptocurrency market has largely recovered back to a point that it was at prior to the COVID-19 outbreak, with the value of Bitcoin recovering back to above 80% of where it was that prior to the crash.

In comparison the traditional markets of the world have crashed and largely stayed down, with most of the world’s traditional assets still being largely oversold and this presenting a distinct opportunity for cryptocurrency traders to take advantage of.

Advantages of Traditional Assets with PrimeXBT

While most cryptocurrency trading platforms focus specifically on cryptocurrencies, and most traditional market platforms may tack on cryptocurrencies as an afterthought, PrimeXBT is a true bridge between both worlds by listing a wide range of both cryptoassets and traditional assets with multiple advantages and features across both groups.

PrimeXBT has grown in a relatively short period of time to become the world's leading multi-asset margin trading platform and to handle up to $2 billion of global trade across the cryptoasset and traditional markets each and every day.

PrimeXBT provides an easy interface to use to allow for the quick transition of funds between the cryptocurrency market and traditional markets, and provides a wide range of different traditional assets available to trade that include stock indices, forex pairs, and commodities.

Also additionally to this, traders can access the highest leverage available in the industry of up to 100X on all cryptoassets and up to one 1000X on all traditional assets, as well as bank-grade security being used on the platform that has prevented it from ever being a hacked.

Finally, the platform provide the lowest fee schedule of any major cryptocurrency trading platform on Earth, with 0.05% being applied in fees across all assets, up to 10 times lower than that other platforms such as Binance, for example.

In Summary

While there are a myriad of opportunities available to cryptocurrency market for traders, there is a distinct opportunity to buy oversold and undervalued traditional assets today in the mainstream traditional asset markets of the world.

While the cryptocurrency markets are still being heavily traded as well, there have been a large amount of traditional asset traders that have left the market during this volatility, as they typically avoid volatility, hence why they’re trading traditional assets compared to cryptocurrencies in the first place.

This presents an increased opportunity for cryptocurrency traders who not only are ok with increased volatility, but actively seek it out.

PrimeXBT acts as a robust bridge between the cryptoasset and traditional markets of the world, and for more information on how to begin trading at PrimeXBT check out https://primexbt.com/