According to our sources PrimeBit – a P2P crypto contract trading platform competing directly with BitMEX, Kraken, Deribit, and others – is in the final stages of negotiating a deal with a fintech company operating in the cryptocurrency markets. The name of the investor is to be revealed when the deal is finalized.
An innovative auto-deleveraging system and liquidity solutions allow the platform to offer the market-leading 1:200 maximum leverage on all trading pairs. The majority of traders use PrimeBit WebTrader, while native iOS and Android apps, as well as MetaTrader 5 desktop client, are also popular.
The competition gave PrimeBit also an inspiring proof of concept as the best traders achieved over 15,000% return on investment over four weeks of trading. New traders can learn from the best competitors following their best deals on PrimeBit’s Blog.
The PrimeBit insiders told us that several fintech and crypto companies, as well as venture capital funds, have been interested in buying the platform. One offer is on the verge of being accepted by both sides.