This means that Traders can also have multiple Margin trading accounts and allows Copy-trading Strategy managers and Followers to create and manage multiple Strategies and multipleFollowings simultaneously in different currencies:
Each separate Margin account, Copy-trading Strategy and Following will be denominated in the currency initially chosen upon their creation.
COV token utility, COV-denominated Margin trading accounts are automatically provided with a 25% trade fees discount.
Examples of multicurrency accounts
I deposit BTC to my BTC Wallet:
I can now create and Follow Strategies, and trade with Margin accounts denominated in BTC:
My Strategies (BTC)
Margin account (BTC)
Accordingly, I will NOT be able to create Strategies, Followings, or Margin accounts in other currencies until I have deposited the corresponding currency:
Each separate currency can be used only in Margin trading accounts, Strategies and Followings denominated in the SAME currency. For example, BTC can be used in a Margin trading account denominated only in BTC, while ETH can be used in a Margin trading account denominated only in ETH.
If you wish to open a Margin trading account, start a Strategy or Following in a particular currency, make sure to deposit the same currency.
Alternatively, using our in-wallet Currency Exchange feature allows you to exchange BTC, ETH, USDT, USDC and COV amongst each other, directly between your PrimeXBT account Wallets.