The Solution to Efficiently Managing a Diverse Portfolio of Assets (Crypto, Stocks and Forex)

Over the past 3 to 4 years the cryptocurrency industry has expanded significantly as a result of greater public exposure, and as this has occurred the market has integrated more and more with the mainstream financial trading industry.

Where five or six years ago it was almost unheard of for cryptocurrency traders to consider buying and selling stocks, forex, commodities, and other traditional assets as well as cryptocurrencies, today this is becoming the trend as cryptocurrency becomes more mainstream-accepted.

However managing a portfolio of diverse assets which spans across both the cryptocurrency market and the traditional market can be unwieldy and can be inefficient, often putting off traders from pursuing this.

We are taking a deeper look at a solution that can be used in order to optimize the way a diverse portfolio of financial assets are managed online, as 2020 sees the trend of multi-asset portfolios becoming the new norm.

The Problems Typically with Managing a Diverse Portfolio

When traders and investors choose to buy and hold a range of different asset classes at one time there are numerous issues that they may bump into.

Commonly, it can be cost-inefficient to manage multiple accounts on multiple different trading platforms in order to handle multiple different asset classes.

While this was necessary in the past when the options available within the cryptocurrency market were limited, today with a more diverse range of competition for traders to choose from there is no reason for traders not to use a multi-asset platform instead of having to pay more and absorb more in efficiencies by using multiple platforms.

Apart from having to manage fees at different places at one time, there are also costs incurred whenever transactions and trades need to be made between trading platforms, and this in itself is highly inefficient.

As well as this, when holding assets on different trading platforms it can take a considerable amount of time to transfer assets from one platform to another if required, and this can lead to missed opportunities at the critical moment when they are needed.

Professional traders which are able to identify opportunities and act upon them profitably as close to instantly as possible tend to fare better overall within the cryptocurrency market then those who are unable to execute fast trades when they need to make them.

While a wide range of other problems within the cryptocurrency market have been extensively focused on and tackled, this remains as one of the major problems that are facing a wide number of cryptocurrency traders today, and presents one of the most significant opportunities for enhancing profitability that any trader can take.

All Assets Under One Roof Means Faster Trading

A growing solution to this problem can be found in PrimeXBT, which is the world's largest and leading multi-asset margin trading platform online in 2020.

The platform manages up to $2 billion worth of global trade every day, and provides access to a range of different financial asset classes that include cryptocurrencies, stock indices, forex pairs, and commodities.

Leverage of up to 100X is available on all cryptocurrencies, and leverage of up to 500X available on all traditional assets.

Traders and investors at PrimeXBT are able to efficiently optimize the way they manage portfolios of assets across multiple asset classes, and can minimize the cost of doing so with PrimeXBT’s low fees of 0.05% across all trades.

By using a single multi-asset platform such as PrimeXBT, traders not only mitigate the time it takes to transfer cross platform, but also reduce the fees involved in buying, selling, and trading different assets.

Reduced Costs with PrimeXBT - No Need for Cross-Platform Transfer Fees

When traders manage portfolios that span across multiple platforms one of the major problems that are encountered are excess fees for moving assets from one platform to another.

With the use of PrimeXBT this cost is eradicated, with only the cost of trades within the platform being required, which are substantially lower than the total cost of managing a portfolio when needing to take into account withdrawal and deposit fees.

PrimeXBT is the only major platform that provides high leverage, coupled with a wide range of cryptoassets and traditional assets, and low fees in order to maximize the efficiency the traders experience when they interact with the cryptocurrency and traditional markets.

Over the course of months of trading, the savings from using PrimeXBT can add up to significant extra amounts of profit, and this is one of the major reasons that the platform has grown at the rate that it has.

The two ways that traders are able to increase profitability in the cryptocurrency market is by increasing the revenue that they make on the trades that are executed, or reducing the fees they are paying in order to be able to trade on different training platforms.

PrimeXBT provides savings across-the-board in order to not only allow traders to maximize their profitability, but also to minimize the cost of being able to do so.

Final Thoughts

PrimeXBT is a leading cryptocurrency and traditional trading platform that allows traders to store and trade a wide range of assets under one roof efficiently.

One of the major problems that traders often encounter when managing portfolios of multiple asset classes is the inefficiency that is involved with using multiple platforms.

As well as a wide range of other benefits of using PrimeXBT, the platform provides an optimal environment for the management of portfolios of any size and of a wide range of different asset classes from global markets.

To learn more about PrimeXBT, and the advantages that are available for multi-asset portfolio managers check out this link.