In 2017's bull run,
EOS was one of the standup new cryptocurrencies that was created and that was introduced to the market in the middle of 2017, where it grew in value significantly over the last six months of 2017 bull run to reach an all-time high at the end of the year.
Since its launch in 2017 until today yours is growing rapidly in popularity and today there are many cryptocurrency traders around the world that are buying and selling EOS, with the prevalence to margin trading Aeolus growing exponentially over the past few years as well.
This guide takes a deeper look at how to margin trading else in the
cryptocurrency market, starting with a look at what it was actually is and how it is performed over the last for years, before moving on to look at whether or not 2021 is a big if else, what margin trading actually is, and then looking at one of the best crypto margin trading platforms on the market, PrimeXBT.
What is EOS?
EOS is a cryptocurrency that launched amongst a large amount of fanfare in 2017 when Brock Pierce, the former head of the
Bitcoin foundation and Dan Larimer, the developer and inventor behind other crypto projects such as steam it and pitch as, collaborated to create illness.
EOS is a programmatic cryptocurrency in the same way that Ethereum is, and was designed to be an efficient and optimize version of the Ethereum, allowing for decentralized applications to be built upon it, and providing advantages in comparison to EOS such as shorter transaction times and less congestion in the EOS blockchain.
In 2017's crypto bull run, EOS was certainly one of the superstar cryptoassets with its price increasing rapidly and providing huge amounts of revenue for investors throughout that year, and the hype surrounding EOS being larger than almost any other project in 2017.
Is 2021 a Big Year for EOS?
In general, 2021 is a big year for all cryptocurrencies including EOS, being that this year it is a bull run year and it is widely anticipated that the value of all cryptocurrencies in the market will increase substantially as a result of the huge influx of investment that is coming from the mainstream financial sector, as well is the height within the retail market as well boosting the prices of all cryptocurrencies.
With regards to EOS specifically, 2021 is certainly going to be a big year as the project's price has somewhat stagnated over the past few years since its launch in 2020 2017, and the anticipation that this year will be another huge year for us like 2017 was.
If we see the kind of price-performance for else that was seen in 2017 then we can expect that to be returns of more than 6X from where the current price of the loss is and growth to potentially a new hire all-time highs then the previous all-time high that was set in 2017 for example.
What is Margin Trading?
Margin Trading Basics Margin trading is a set of activities that relate to trading his borrowing funds from a broker in order to create trades that have the opportunity to generate more profit than will be available without margin trading, and over the past few years especially margin trading has grown rapidly in popularity in the crypto market.
The two main forms of margin trading of leverage and shorting, with each of these two methodologies providing advantages to users and being widely used throughout the cryptocurrency space in 2021.
Initially in the crypto market margin trading was really only available for Bitcoin and Assyrian, however in 2021 it is available for a range of different cryptocurrencies as a result of innovative trading platforms providing better margin trading services for crypto users.
What is Shorting?
Shooting is the process of borrowing funds from a broker and then selling those funds immediately then waiting for the price of the asset to drop, rebuying the funds, repaying the broker and keeping the difference in cost as profit.
Shooting opens up the opportunity for traders to be able to generate an income from drops in the price of the cryptocurrency as well as the regular way that they are able to generate profit from buying low and selling high.
Shooting is an essential tool that is used by all professional crypto traders and one that opens up a large amount of time when the price is dropping in order to be able to generate profit on that as well as uptrends.
What is Leverage?
Leverage is a tool that is used by traders in order to create trades that are magnitudes larger than they would be able to create on their own, with this being achieved by borrowing funds from a broker after providing some assets as insurance known as a margin.
If a trader creates a position with a 10X leverage on it what that means is that for every one dollar they would usually gain or loss lose, now they will gain or lose $10 for the same movement in price, with this meaning that there is the opportunity to generate significantly larger amounts of profit and also significantly larger losses.
Leverage is another tool that is consistently used by all professional cryptocurrency traders as it provides a way to efficiently interact with the cryptocurrency market, being able to maximize profits and minimize risk in the process.
What is PrimeXBT?
PrimeXBT is the world's leading multi-asset margin trading platform and has been the fastest growing crypto platform in the market over the past four years since its launch, with this being as a result of the various forms of value that it uniquely provides to crypto traders and investors.
PrimeXBT manages up to $3.7 billion of global trade each and every day, with this making it easily won the largest crypto trading platforms in the world, and as well as the huge amount of retail trade volume that is present on PrimeXBT there are also 12 liquidity providers that can sure that minimal slippage is achieved by uses on the platform.
PrimeXBT lists a wide range of different assets including cryptocurrencies such as BTC, ETH, LTC, and EOS, and some of the world's leading traditional assets like commodities such as gold and oil, forex pairs such as USD/EUR and AUD/CAD, and stock indices such as S&P500 and FTSE100.
Why is PrimeXBT Important to Know About for EOS Traders?
PrimeXBT is the best place online to be able to margin trading else in 2021, and uniquely provides a range of eels margin trading tools that are not available elsewhere, as well as a number of second-rate tools as well that increase the likelihood of generating profits while reducing risk.
PrimeXBT was the first trading platform in the crypto space to provide comprehensive margin trading for eels, and today margin traders are able to access up to 100X leverage on EOS as well as a range of other cryptocurrencies as well.
PrimeXBT is also recognized as being one of the most safe and secure trading platforms in the cryptocurrency space, and illustrators can rest assured that a range of bank-grade security features are implemented on PrimeXBT including mandatory Bitcoin address whitelisting and cold storage of digital assets with multi-signature technology.
What are the Advantages of PrimeXBT?
Industry-Leading Leverage PrimeXBT provides industry-leading leverage on EOS as well as all of the assets on the platform, with the ability to access up to 100X leverage on cryptocurrencies and up to 500X leverage on or traditional assets.
The professional margin trading tools provided on PrimeXBT have been a big part of its success over the past three years as many of the other platforms that offer margin trading in the cryptocurrency market do so with relatively basic tools and features, however PrimeXBT provides a number of mechanisms for risk management as well as an easy to use interface.
While there are many other advantages to using PrimeXBT as well, certainly the range of margin trading features that are provided on the platform is one of the biggest draw cards that it has.
Low Slippage and High Liquidity
Since PrimeXBT launched it has partnered with 12 separate liquidity providers in order to ensure that the rawhide trade volumes on all pairs throughout the platform and that the users of PrimeXBT are able to get optimal entry and exit points as a result of this.
Such as being the huge demand for services provided on PrimeXBT that today the platform manages up to $3.7 billion of global trade each and every day, with this in shoring that there is a large amount of liquidity for both cryptocurrencies and for traditional assets on the platform.
Many of the crypto trading platforms at the top of the market have substantially less trade volume than PrimeXBT does, and this presents an opportunity for optimized outcomes when trading by using PrimeXBT in comparison to other platforms in the crypto market.
Lowest Fees
Since its launch PrimeXBT has provided the
lowest fee schedule of any major crypto trading platform in the market with a flat rate of 0.05% being applied to all trades, and this being substantially lower than many other competitors.
Many of the major crypto trading platforms charge a premium to use the services and may even charge anywhere up to 10 times as much as PrimeXBT charges, however as well as providing premium services the platform also cuts the cost of interacting with the cryptocurrency market significantly with this having a directly positive impact on the profitability of its traders.
PrimeXBT's fees are applied to all trading on the platform in all areas, and this allows users to enjoy low fees whether they are margin trading cryptocurrencies, margin trading traditional assets, using the Covesting module, or anything else on the platform as well.
In Conclusion
EOS is one of the most widely traded and well respected cryptocurrencies in the market in 2021 as it has been since its astronomical climb in 2017 bull run, and PrimeXBT was one of the first crypto trading platforms to provide margin trading for this for EOS.
Even today the margin trading services provided at PrimeXBT for EOS are vastly superior to those found on other crypto trading platforms and this has meant that PrimeXBT has become a hub for eels margin trading over the past few years since its launch in 2018.
If you would like to learn more about the assets that are available on PrimeXBT and about the tools and features found on the platform, check out
this link.