Past Announcements
Trading of Turkish Lira has been suspended – June 7th, 2023
Due to the recent extreme price volatility and reduced liquidity of Turkish Lira, PrimeXBT has suspended trading of all Turkish Lira instruments: USD/TRY, EUR/TRY, GBP/TRY.
As of June 7th, 2023 7:00 UTC all open positions in USD/TRY, EUR/TRY, GBP/TRY have been closed at the last available market price.
We are evaluating market conditions for Turkish Lira and will notify additionally when full trading is resumed for TRY instruments.
Users can continue trading all other assets PrimeXBT offers: the most liquid cryptos, 50+ Forex trading pairs, major indices, and commodities.
Trading pair removal notice: HNT will be delisted on April 21st, 2023
PrimeXBT will remove and cease trading of the following trading pair on Friday, April 21st, 2023 at 15:00 (UTC):
HNT/USD
Prior to this, HNT/USD pair will be transferred to ‘reduce only’ status on Friday, April 14th, 2023 at 15:00 (UTC):
Orders to open new positions in HNT/USD will not be accepted after 15:00 UTC on April 14th, 2023;
Orders to reduce or close positions in HNT/USD will be accepted and filled until 15:00 (UTC) on April 21st, 2023.
On April 21st, 2023 at 15:00 (UTC) any remaining open positions in HNT/USD will be force closed.
Please take this into account and plan your trading accordingly.
Users can continue to trade all other assets offered by PrimeXBT: the most liquid cryptos, 50+ Forex trading pairs, major indices and commodities.
Notice Regarding the Upcoming Ethereum Shanghai Upgrade
The Shanghai upgrade of the Ethereum mainnet is expected to be implemented on Wednesday, April 12, 2023 around 22:27 UTC.
PrimeXBT will take the following measures to maintain the safety of user’s funds during the upgrade:
Processing of deposits for ETH and ERC-20 tokens will be suspended for a short period of time on Wednesday, April 12, 2023 around 22:20 UTC.
In-Wallet Exchange will not be available for ETH for about an hour during the upgrade time.
Please take it into account when planning ETH or ERC-20 asset deposits on PrimeXBT for the duration of the upgrade.
PrimeXBT temporarily suspends in-wallet Exchange of USDC
Update: In-wallet USDC Exchange has been resumed.
PrimeXBT has temporarily suspended the in-wallet Exchange of USDC due to current market conditions, especially related to the sharply increased volume of USDC exchange operations that would require a significant increase of accounts supporting them.
This is an isolated financial management procedure that does not affect other operations with USDC on PrimeXBT.
Please note that PrimeXBT is not a spot exchange, and in-wallet Exchange is offered for the convenience of our users. USDC Exchange will be resumed once its expected volume returns to a normal level.\
All other operations with USDC on PrimeXBT are not affected:
Deposits and withdrawals of USDC are processed as usual;
USDC can be used as margin collateral on USDC-denominated Margin accounts and Copy-trading Strategy accounts;
USDC can be used to follow USDC-denominated Copy-trading Strategies.
Please pay attention to the available margin on USDC-denominated trading accounts. Due to the current devaluation of USDC, the available margin may become insufficient to maintain open positions, leading to liquidations. We recommend reducing market exposure or depositing additional margin collateral if you have highly margined USDC positions in the market.
Trading pair removal notice: FTT will be delisted on November 18th, 2022
Following FTX Exchange collapse, devaluation of FTT token, as well as delisting of the asset across our multiple liquidity providers, PrimeXBT will remove and cease trading of the following trading pair on Friday, November 18th, 2022 at 15:00 (UTC):
FTT/USD
As of now, FTT/USD pair has been transferred to ‘reduce only’ status:
Orders to open new positions in FTT/USD are not accepted;
Orders to reduce or close positions in FTT/USD will be accepted and filled at the last available price until 15:00 (UTC) on November 18th, 2022.
On November 18th, 2022 at 15:00 (UTC) any remaining open positions in FTT/USD will be force closed.
Please take this into account and plan your trading accordingly.
Users can continue to trade all other assets offered by PrimeXBT: the most liquid cryptos, 50+ Forex trading pairs, major indices and commodities.
Thank you for your support!
Bug Bounty II Contest to Test Drive the New Trading Platform, September 7th – 20th, 2022
We are holding the second round of the Bug Bounty contest from September 7th to September 20th, 2022 for the final test of the new Margin Pro trading platform before the launch.
We will collect all reports and feedback, examine them thoroughly, rank them by importance and determine a reward depending on how critical is the found bug or how useful is the feedback. Depending on a reported bug severity or quality of feedback, the reward can be $100 and up to $5000 in real money.
All real money rewards will be sent to users’ trading accounts on PrimeXBT.
We have extended the Bug Bounty II Contest until September 22nd, 2022. Send bug reports, feedback and suggestions for consideration to qualify for a bug bounty reward!
Notice Regarding the Upcoming Ethereum Merge
The current Ethereum mainnet will migrate from a Proof-of-Work to Proof-of-Stake consensus mechanism. This will be completed by adoption of the Beacon Chain as the new consensus layer to the current mainnet execution layer.
This upgrade (‘Paris’ or the Merge) is estimated to happen on Wednesday, September 14, 2022 around 15:16:31 UTC.
Prior to this, the consensus layer upgrade (‘Bellatrix’) is scheduled for epoch 144,896 on the Beacon Chain on Tuesday, September 6, 2022 at 11:34:47 UTC.
As the upgrade might result in a hard fork and creation of a new token, PrimeXBT will take the following measures to maintain the safety of user’s funds during the upgrade and the possible hard fork:
1. PrimeXBT will take snapshots of client’s ETH and ERC-20 token balances prior to the Bellatrix and Paris upgrades.
2. PrimeXBT will suspend processing of deposits and withdrawals for ETH and ERC-20 tokens for short periods of time:
On September 6, 2022 at 11:00 UTC for the Bellatrix consensus layer upgrade
On September 14, 2022 at 15:00 UTC (approximately) for the Paris execution layer upgrade
Please take this into account and reserve sufficient time for your ETH and ERC-20 tokens deposits to be fully processed prior to the abovementioned time.
PrimeXBT will resume processing of deposits and withdrawals as soon as the upgrade is completed and confirmed.
3. Margin trading of ETH/USD and ETH/BTC will not be affected. Please note that liquidations remain possible under extreme price volatility.
4. A hard fork might happen and a new token might be created after the Paris upgrade.
Please note that in this case the new token will not be credited to clients' balances, because PrimeXBT stores token assets on different chains, including Ethereum, Binance Smart Chain, and Tron Network.
Please take this into account if you plan to keep your ETH or ERC-20 assets (USDT, USDC, or COV) on PrimeXBT for the duration of the upgrade.
Strategy’s trading history will become public on September 14th, 2022
Dear copy-trading Managers and Followers,
Please be advised that trading history of all copy-trading Strategies on PrimeXBT will become visible to the public on September 14th, 2022.
With the update, core information about 50 latest closed positions will be revealed 👀 : open/close dates and prices, instrument, market side and %ROI on used margin.
The information about a position will be published in the Trading history with a 10-minute delay ⏳ after its closure:
Both Managers and Followers are going to benefit from revealing trading history and additional transparency of the Strategies. Followers will be more confident and less hesitant to join a Strategy with a public track record. Managers will get better exposure and more opportunities to earn with more followings of their Strategies.
We wish you profitable trades!
Bir Ödül kampanyamız olan "Doğrulama Bonusu" kampanyamız sona erdi
Değerli müşterilerimiz,
PrimeXBT hizmetlerine ve ödül kampanyalarımıza gösterdiğiniz ilgi için teşekkür ederiz.
Hesap doğrulama bonusu almak için ödül kampanyamız tamamlandı.
Kampanyadaki ödemeleri şu şekilde sonuçlandırdık ve tamamladık:
1️⃣ Orijinal ödül teklifi şuydu: Kendi hesabını doğrulayanlar için 30 dolar ve her yönlendirilen kullanıcı için 50 dolar.
Bu teklif 9 Haziran 2022 (UTC saati) 22:30'a kadar geçerlidir.
Hesap doğrulama sürecini 9 Haziran 2022 saat 22:30 UTC'den önce başlatan ve 11 Haziran 2022'den önce başarıyla geçen her kullanıcı 30 ABD doları ödül aldı. Kullanıcı bir yönlendirme bağlantısıyla kayıtlıysa, onları yönlendiren kullanıcı da ek 50 ABD doları aldı.
2️⃣ Kısa bir süreliğine 11 Haziran 2022'de Ödül merkezinde hesap doğrulama için 5$'lık bir teklif vardı.
Ödül, Ödül merkezinde etkinken 'Bonus talep et' düğmesine tıklanarak toplanmalıdır.
Kampanya Ödül merkezinden kaldırılana kadar ödül talep edilmemişse, şimdi talep etmek mümkün olmayacaktır.
Kampanyanın büyük ilgi görmesi bizi mutlu ediyor ve gelecekte heyecan verici yeni ödül kampanyaları sunmayı umuyoruz.
Bu arada, PrimeXBT ile kazanmanın diğer harika yollarını keşfedin.
Haberlerimizi takipte kalınHaberlerimizi takipte kalın!
The Reward campaign ‘Bonus For Verification’ is finished
Dear clients,
We appreciate your interest in PrimeXBT services and our reward campaigns.
The reward campaign to receive bonus for verifying account has been finished.
We have finalised and completed payouts in the campaign as follows:
1️⃣ The original reward offer was: $30 for verifying own account, and $50 for every referred user who verified their account as well.
This offer was effective until 22:30 on June 9th, 2022 (UTC time).
Every user who started the account verification process before 22:30 UTC on June 9th, 2022 and successfully passed it before June 11th, 2022 received $30 reward. If the user was registered with a referral link, the user who referred them received additional $50 as well.
2️⃣ For a short period of time on June 11th, 2022 there was an offer of $5 for account verification in Reward center.
The reward had to be collected by clicking the button ‘Claim bonus’ while it was active in Reward center.
If the reward was not claimed until the campaign was removed from Reward center, it will not be possible to claim it now.
We are happy that the campaign attracted a lot of interest and hope to offer new exciting reward campaigns in the future.
Meanwhile, explore other great ways to earn with PrimeXBT.
Stay tuned to our news!
Trading Pair Delisting Notice: LUNA pair will be removed today – May 12th, 2022
Dear Traders,
Following recent extreme volatility and in response to significant contraction of liquidity of LUNA token, PrimeXBT will remove and cease trading of the following trading pair on Thursday, May 12th, 2022 at 18:30 (UTC):
LUNA/USD
We kindly request traders to close open positions in LUNA/USD if any.
Please note that at 18:30 UTC on May 12th, 2022 any remaining open positions in LUNA/USD will be force closed at the last available price quote.
Please take this into account and plan your trading accordingly.
Opening new positions in LUNA has been restricted – May 11th, 2022
Due to extreme volatility and devaluation of LUNA token, PrimeXBT has restricted opening new positions in LUNA/USD. The restriction is effective immediately and upon further notice.
Currently open positions in LUNA/USD will remain open and can be closed fully or partially at a market price any time.
We are evaluating market conditions for LUNA and will notify additionally when full trading is resumed for LUNA/USD instrument.
Users can continue to trade all other assets offered by PrimeXBT: the most liquid cryptos, 50+ Forex trading pairs, major indices and commodities.
Thank you for your support!
PrimeXBT now also Supports BNB Smart Chain (BSC) for ETH
PrimeXBT Supports BNB Smart Chain (BSC)
We have great news: PrimeXBT now supports BNB Smart Chain (BSC) for crypto deposits and withdrawals in addition to Ethereum network.
You can use the BSC (BEP-20) protocol to transfer the following tokens to and from your PrimeXBT account:
BSC chain offers much lower transaction fees 💰 compared to Ethereum network. PrimeXBT fees on withdrawals over BSC network are as low as:
Token (BEP-20) | Withdrawal Fee |
0.8 USDT | |
0.8 USDC | |
2 COV |
Enjoy PrimeXBT with attractive deposit and withdrawal fees over BSC network!
Withdrawal fees reduced
We are happy to announce that we have revised our withdrawal fee policies to offer reduced rates for the ETH and ERC-20 withdrawals, following the recent decline in the network gas fees. The withdrawal fees rates are now:
| Currency | Old rate | New rate |
|---|---|---|
0.0005 BTC | 0.0005 BTC | |
0.01 ETH | 0.002 ETH | |
30 USDT | 10 USDT | |
30 USDC | 10 USDC | |
5 COV | 5 COV |
New Crypto Pairs Added – March 2nd, 2022
We are happy to announce an addition of 24 new altcoins on our platform.
The following new altcoins are available for trading in pairs with USD now:
ALGO (Algoland) ATOM (Cosmos) AVAX (Avalanche) AXS (Axie Infinity) BNB (Binance Coin) EGLD (Elrond) FIL (Filecoin) FTM (Fantom) FTT (FTX Token) HNT (Helium) ICP (Internet Computer) KLAY (Klaytn) LUNA (Terra) MANA (Decentraland) MATIC (Polygon) NEAR (NEAR Protocol) SAND (The Sandbox) SHIB (Shiba Inu) THETA (Theta Network) TRX (Tron) VET (VeChain) XLM (Stellar) XMR (Monero) XTZ (Tezos)
The addition triples the choice of crypto pairs available to our users. All new altcoins can be traded with the leverage of up to 1:10 on Margin trading accounts and 1:2 on copy-trading Strategy accounts.
For detailed trading conditions for new assets please refer to the Fees and Conditions schedule.
We announce an important addition to COV-denominated Margin accounts.
This particular token utility is available even without a COV token Membership. Simply open a COV-denominated Margin trading account, the 25% discount on trade fees will be applied to the account automatically.
Please note that this discount does not apply to overnight financing fees, and does not apply to COV-denominated Strategies.
Trade fee discount for a Strategy account can be obtained via COV Membership.
Dear copy-trading Followers,
We are happy to announce an additional benefit of COV token Membership.
COV Membership tier | COV required | Follower’s Profit Share |
— | 60% | |
$250 in COV | 65% | |
$2,000 in COV | 70% | |
$20,000 in COV | 75% |
Follower’s profit share will not depend on a following’s amount anymore. For example, a Following with the minimum amount of $50 may provide a 75% profit share if it was started under the Elite Membership.
Profit distribution for Followings started before February 14th, 2022 will not change.
Effective profit share offer for each Following can be checked on the Following's details page of the account.
Today we’re extending COV token utility on PrimeXBT even further!
COV-denominated Strategies
COV holders can use their stack of tokens to follow COV-denominated Strategies and multiply their holdings with profitable Strategies
COV-denominated Margin accounts
Follow three simple steps to use COV for margin trading:
1️⃣ Open margin account denominated in COV
2️⃣ Deposit COV tokens to the account
3️⃣ Start trading 100+ markets – Crypto, Forex, Commodities, and Indices – with leverage!
Choosing COV token for Strategies and Followings, or trading in a COV-denominated margin account will be providing even more benefits in the nearest future as we will be extending COV utility in partnership with Covesting.
Stay tuned to our news for updates on COV utility!
Copy-trading Conditions Update on February 7th, 2022
As of February 7th, 2022 we have updated some conditions for Copy-trading Strategies:
🏋️ Slippage and Liquidity Costs of Executing Significant Followers’ Orders
We are happy to announce that we are discontinuing Progressive trade fees for copy-trading Strategy accounts.
Instead of applying the implied Progressive fees schedule tied to the total Followers’ equity only, we will be collecting actual price slippage during each execution of a Followers’ copying order and charge actual cost that could be caused by extra slippage during its execution.
If there would not be extra slippage during a Followers’ order execution, there will be no additional trading cost for a Strategy at all.
Both Managers and their Followers will benefit from the update, as they may expect paying less trading fees and enjoy higher returns in total. This will be especially beneficial to managers of popular Strategies with significant Followers’ equity, and risk-averse managers who curb potential risks by not over-using margin.
Learn more about Slippage and liquidity-related fees for Strategy accounts.
⭐ Strategy Star Ratings Reviewed
We are updating the Strategy star rating system.
Qualification criteria have been reviewed to make rating stars more attainable. This will allow more managers to showcase their trading and management skills with the rating stars assigned to their Strategies, and provide Followers with useful information to evaluate Strategies.
Up to five stars may be issued to a qualifying Strategy for meeting the following criteria:
⭐ The manager’s equity is at least 0.1 BTC or 5,000 USDT or 5,000 USDC or 2.5 ETH
⭐ Over the past 10 days, the number of trading days (presence of trading activity) is not less than 2
⭐ The manager’s equity is at least 0.1 BTC or 5,000 USDT or 5,000 USDC or 2.5 ETH
⭐ Over the last 30 days, the ratio of closed profitable to unprofitable positions was at least 70% / 30%
⭐ Over the past 30 days, the turnover has been at least 10 BTC or 500,000 USDT or 500,000 USDC or 250 ETH
We thank you for your interest in PrimeXBT Copy-trading module. We hope that the update will make it even more attractive to both Followers and Managers alike.
Margin Requirements for BTC and ETH trading pairs to be updated on Thursday, January 27th, 2022
We are happy to announce an improvement in margin requirements. The max leverage will be increased for BTC and ETH-based instruments: from 1:100 to 1:200 on Margin trading accounts, and from 1:50 to 1:100 on copy-trading Strategy accounts.
Furthermore, the leverage provided for these instruments will not be less than 1:20 and 1:5 for margin and copy-trading accounts respectively, even for the largest available order sizes.
The reduced margin requirements will free up extra capital and allow for more earning opportunities. This will bring traders and strategy managers additional flexibility in implementing their trading ideas.
The new requirements will come into effect on Thursday, January 27th, 2022 at 12:00 UTC.
For more information about current margin requirements please visit Fees and Conditions schedule.
New margin requirements for regular Trading accounts:
BTC/USD:
From | To | Margin required | Leverage |
0 | 5 | 0.5% | 1:200 |
5 | 20 | 1% | 1:100 |
20 | 30 | 2% | 1:50 |
30 | > | 5% | 1:20 |
ETH/USD, ETH/BTC:
From | To | Margin required | Leverage |
0 | 5 | 0.5% | 1:200 |
5 | 25 | 1% | 1:100 |
25 | 50 | 2% | 1:50 |
50 | > | 5% | 1:20 |
New margin requirements for Copy-trading Strategy accounts:
BTC/USD:
From | To | Margin required | Leverage |
0 | 2 | 1% | 1:100 |
2 | 5 | 2% | 1:50 |
5 | 10 | 10% | 1:10 |
10 | > | 20% | 1:5 |
ETH/USD, ETH/BTC:
From | To | Margin required | Leverage |
0 | 10 | 1% | 1:100 |
10 | 25 | 2% | 1:50 |
25 | 50 | 10% | 1:10 |
50 | > | 20% | 1:5 |
PrimeXBT Deposit Bonus promo campaigns updated on January 14th, 2022
Dear PrimeXBT users,
We are happy to announce that we have completed the update of our promocode activation and reward distribution systems.
Promocodes for % deposit bonuses are back! They may be distributed by our partners during special promo campaigns. These promocodes will provide a +7% deposit bonus of up to 7,000 USD. Check each promo campaign rules for specific details**;**
Already activated promocodes will continue providing corresponding benefits – trade fee discount or deposit bonus – according to the campaign rules that were effective on the date of their activation until their expiration date.
For detailed information about promocodes, please read this Help Center article.
Margin Requirements for Turkish Lira to be updated on December 30th, 2021
Due to the recent devaluation of the Turkish Lira, extreme market volatility and insufficient liquidity caused by it, and in order to protect traders from elevated risks associated with high leverage on volatile markets, PrimeXBT will be adjusting margin requirements for the following instruments: USD/TRY, GBP/TRY, EUR/TRY.
The new requirements will come into effect on Thursday, December 30th, 2021 at 12:00 UTC.
For the updated margin requirements for the Turkish Lira please refer to the table below.
Please note that if you have open positions when the new requirements take effect and the margin becomes insufficient according to them, the positions may be liquidated
Take this into account and ensure your margin Trading or Copy-trading Strategy account has sufficient margin when the new margin requirements take effect: deposit more funds to the account or reduce market exposure in the affected instruments by partially closing positions to avoid position liquidation due to insufficient margin.
For more information about current margin requirements please visit Fees and Conditions schedule.
New margin requirements for regular Trading accounts:
USD/TRY, GBP/TRY, EUR/TRY:
From | To | Margin required | Leverage |
0 | 500,000 | 1% | 1:100 |
500,000 | 2,000,000 | 2% | 1:50 |
2,000,000 | 5,000,000 | 10% | 1:10 |
5,000,000 | > | 20% | 1:5 |
COV Membership update on December 9th, 2021
We are happy to announce that PrimeXBT together with Covesting have reviewed COV membership tiers and dramatically reduced the amount of COV tokens required to activate a COV membership.
The update will open access to different COV membership levels to a much broader audience and will let the users of Copy-trading enjoy the benefits they offer:
Advanced membership is now available for staking as low as $250 worth of COV tokens;
Premium will require to stake $2,000 in COV;
Elite will be available for staking $20,000 in COV.
❗️With the update, a newly activated Advanced membership will offer a 0.5% reduction of Following entry fees instead of their complete elimination.
However:
1️⃣ Advanced membership activated before December 9th, 2021 will continue providing a full 100% discount on entry fees for all new Followings;
2️⃣ The new requirements let a COV token holder easily upgrade their previous Advanced membership – which locked $3,000 in COV – to Premium and enjoy more benefits without the need to lock any additional COV!
Learn more about COV membership and the benefits it offers.
Temporary change in PrimeXBT Deposit Bonus promo campaigns
Dear PrimeXBT users,
We would like to inform you that we are currently updating our promocode activation and reward distribution systems.
Due to this, PrimeXBT temporarily suspends +50% deposit bonus campaigns until further notice.
During the period, until the upgrade is finished, there will be the following changes to the promocode campaign rules:
If you received a promocode for a +50% deposit bonus from one of our partners earlier, you can still activate the code, but it will apply a discount on trading fees (25%) instead;
If you activated a promocode for a +50% deposit bonus before November 16th, 2021, it will continue providing deposit bonus until its expiration date;
Unique individual alphanumeric promocodes for fixed bonuses (a.k.a. Instant rewards, or Funded accounts) are not affected.
Unique individual alphanumeric promocodes for +35% or +50% deposit bonus distributed by PrimeXBT representatives are not affected, and will provide a corresponding deposit bonus according to the campaign rules;
For detailed information about promocodes, please read this Help Center article.
This is a temporary change to the promocode campaigns' rules. We will inform additionally about updated rules once the upgrade is finished.
Stay tuned to our news and announcements.
Margin Requirements for Covesting Strategy Accounts to be updated on October 22nd, 2021
We have always strived to provide the best possible copy-trading experience to all our users and continue to do so. Since launch, the platform has improved drastically in many ways, including product usability, innovative features, transparency and risk management.
Successful Strategy Managers have proven how the Covesting copy-trading concept can be mutually beneficial to both experienced traders and their followers.
Nevertheless, there is always room for improvement. We received numerous requests from our users to provide additional protection from strategies that may not implement adequate risk management and expose their followers to excessive market risks by over-using provided leverage.
Following the feedback, we are revising margin requirements for several trading pairs on Covesting strategy accounts. Such adjustments follow best industry practices and create an even more secure and disciplined copy-trading environment for all platform users.
Additionally, we will be adjusting Manager’s Equity requirements for Strategy Grades 2, 3, and 4 to bring the ratio of Initial Followers Equity (IFE) to Managers Equity of all Grades in the range 1 to 7 to a uniform value 20:1.
The new requirements will come into effect on Friday, October 22nd, 2021 at 12:00 UTC
For the updated margin requirements for Covesting Strategy accounts and Manager's Equity requirements please refer to the tables below.
Please note that if you have open positions when the new requirements take effect and the margin becomes insufficient according to them, the positions may be liquidated
Take this into account and ensure your Covesting Strategy account has sufficient margin when the new requirements take effect: deposit more funds to the account or reduce market exposure by partially closing positions to avoid position liquidation due to insufficient margin.
New requirements for Manager's Equity
Updated requirements are highlighted.
For information about current requirements for Manager's Equity please see this Help Center article.
Strategy Grade | Initial Follower's Equity (IFE) cap | Manager's Equity locked* |
Default ('0') | 0.2 BTC 5 ETH 10,000 USDT/USDC | 0.01 BTC 0.25 ETH 500 USDT/USDC |
1 | 1 BTC 25 ETH 50,000 USDT/USDC | 0.05 BTC 1.25 ETH 2,500 USDT/USDC |
2 | 3 BTC 75 ETH 150,000 USDT/USDC | 0.15 BTC 3.75 ETH 7,500 USDT/USDC |
3 | 7 BTC 175 ETH 350,000 USDT/USDC | 0.35 BTC 8.75 ETH 17,500 USDT/USDC |
4 | 15 BTC 375 ETH 750,000 USDT/USDC | 0.75 BTC 18.75 ETH 37,500 USDT/USDC |
5 | 20 BTC 500 ETH 1,000,000 USDT/USDC | 1 BTC 25 ETH 50,000 USDT/USDC |
6 | 40 BTC 1,000 ETH 2,000,000 USDT/USDC | 2 BTC 50 ETH 100,000 USDT/USDC |
7 | 60 BTC 1,500 ETH 3,000,000 USDT/USDC | 3 BTC 75 ETH 150,000 USDT/USDC |
8 | 80 BTC 2,000 ETH 4,000,000 USDT/USDC | 5 BTC 125 ETH 250,000 USDT/USDC |
9 | 110 BTC 2,750 ETH 5,500,000 USDT/USDC | 10 BTC 250 ETH 500,000 USDT/USDC |
10 | 230 BTC 5,750 ETH 11,500,000 USDT/USDC | 20 BTC 500 ETH 1,000,000 USDT/USDC |
11 | 320 BTC 8,000 ETH 16,000,000 USDT/USDC | 30 BTC 750 ETH 1,500,000 USDT/USDC |
* Manager's Equity may be locked at a higher withdrawal limit if the current Followers' Equity exceeds a certain amount.
New margin requirements for Covesting Strategy accounts
For information about current margin requirements please visit Fees and Conditions schedule.
BTC/USD:
From | To | Margin required | Leverage |
0 | 5 | 2% | 1:50 |
5 | 10 | 10% | 1:10 |
10 | 20 | 20% | 1:5 |
20 | > | 50% | 1:2 |
ETH/USD, ETH/BTC:
From | To | Margin required | Leverage |
0 | 25 | 2% | 1:50 |
25 | 50 | 10% | 1:10 |
50 | 100 | 20% | 1:5 |
100 | > | 50% | 1:2 |
Forex, all instruments:
From | To | Margin required | Leverage |
0 | 1,000,000 | 1% | 1:100 |
1,000,000 | 5,000,000 | 2% | 1:50 |
5,000,000 | > | 5% | 1:20 |
XAU/USD, XAU/EUR, XAU/AUD:
From | To | Margin required | Leverage |
0 | 250 | 1% | 1:100 |
250 | 500 | 2% | 1:50 |
500 | 1,000 | 5% | 1:20 |
1,000 | > | 10% | 1:10 |
XAG/USD, XAG/AUD:
From | To | Margin required | Leverage |
0 | 10,000 | 1% | 1:100 |
10,000 | 20,000 | 2% | 1:50 |
20,000 | 40,000 | 5% | 1:20 |
40,000 | > | 10% | 1:10 |
BRENT, CRUDE:
From | To | Margin required | Leverage |
0 | 5,000 | 1% | 1:100 |
5,000 | 25,000 | 2% | 1:50 |
25,000 | 50,000 | 5% | 1:20 |
50,000 | > | 10% | 1:10 |
NAT.GAS:
From | To | Margin required | Leverage |
0 | 100 | 1% | 1:100 |
100 | 200 | 2% | 1:50 |
200 | 400 | 5% | 1:20 |
400 | > | 10% | 1:10 |
DOWJ:
From | To | Margin required | Leverage |
0 | 20 | 1% | 1:100 |
20 | 50 | 2% | 1:50 |
50 | 100 | 5% | 1:20 |
100 | > | 10% | 1:10 |
EUR50:
From | To | Margin required | Leverage |
0 | 125 | 1% | 1:100 |
125 | 250 | 2% | 1:50 |
250 | 500 | 5% | 1:20 |
500 | > | 10% | 1:10 |
FRANCE:
From | To | Margin required | Leverage |
0 | 100 | 1% | 1:100 |
100 | 200 | 2% | 1:50 |
200 | 400 | 5% | 1:20 |
400 | > | 10% | 1:10 |
GER30:
From | To | Margin required | Leverage |
0 | 150 | 1% | 1:100 |
150 | 300 | 2% | 1:50 |
300 | 600 | 5% | 1:20 |
600 | > | 10% | 1:10 |
SP500:
From | To | Margin required | Leverage |
0 | 50 | 1% | 1:100 |
50 | 100 | 2% | 1:50 |
100 | 200 | 5% | 1:20 |
200 | > | 10% | 1:10 |
SPAIN:
From | To | Margin required | Leverage |
0 | 70 | 1% | 1:100 |
70 | 140 | 2% | 1:50 |
140 | 280 | 5% | 1:20 |
280 | > | 10% | 1:10 |
NASDAQ:
From | To | Margin required | Leverage |
0 | 50 | 1% | 1:100 |
50 | 100 | 2% | 1:50 |
100 | 200 | 5% | 1:20 |
200 | > | 10% | 1:10 |
HK-HSI:
From | To | Margin required | Leverage |
0 | 200 | 1% | 1:100 |
200 | 400 | 2% | 1:50 |
400 | 800 | 5% | 1:20 |
800 | > | 10% | 1:10 |
AUS200:
From | To | Margin required | Leverage |
0 | 80 | 1% | 1:100 |
80 | 160 | 2% | 1:50 |
160 | 320 | 5% | 1:20 |
320 | > | 10% | 1:10 |
JAPAN:
From | To | Margin required | Leverage |
0 | 2000 | 1% | 1:100 |
2000 | 4000 | 2% | 1:50 |
4000 | 8000 | 5% | 1:20 |
8000 | > | 10% | 1:10 |
UK100:
From | To | Margin required | Leverage |
0 | 80 | 1% | 1:100 |
80 | 160 | 2% | 1:50 |
160 | 320 | 5% | 1:20 |
320 | > | 10% | 1:10 |
Conditions Update for Bonus (Promo) Rewards
As of October 18th, 2021, the conditions of new and existing promo bonuses for margin trading accounts have been updated:
1. The total amount of Bonus on an account cannot exceed: 0.035 BTC, 0.875 ETH, 1,750 USDT, 1,750 USDC
If you have accumulated reward on a margin account that already exceeds the aforementioned amount, the accumulated reward amount will be retained until a withdrawal from the account or the promocode expiration.
The reward amount on subsequent deposits to the account after a withdrawal will be capped at the new limits mentioned above.
2. All new activations of promocodes will provide bonuses or discounts valid for 14 days
Expiration dates of already activated bonuses will remain unchanged.\
Please take these changes into account and ensure a sufficient margin level on your account to avoid position liquidation.
For detailed information about promocodes, please read this Help Center article.
Conditions Update on July 26th, 2021 Has Been Postponed
The Bitcoin price demonstrated impressive market action and increased significantly in the course of the last week.
Due to this, we are postponing the conditions update that was planned for July 26th, 2021 as a measure to address the recent depreciation of cryptocurrencies and its effect on trading conditions on multi-currency accounts.
We continue watching the market, and will inform additionally when the planned conditions update may take effect.
Conditions Update on July 26th, 2021 Due To Cryptocurrencies Price Changes
Crypto markets are dynamic, and we have seen significant depreciation as well as appreciation of cryptocurrencies many times in the past. This provides various opportunities for traders to earn. However, it may also lead to the appearance of a significant difference in conditions between stablecoin and crypto accounts over time.
To address this, we will be updating the service conditions to make them aligned across crypto and stablecoin accounts following Bitcoin and Ethereum price changes over the past weeks.
❗The following conditions will be changed on Monday, July 26th, 2021:
Welcome bonus for BTC margin trading
The minimum BTC deposit requirement to receive the Welcome bonus will be reduced to 0.024 BTC, which will grant a 0.01 BTC tradeable reward.
Read more about the Welcome bonus.
Tradeable bonus reward limits
Maximum trading bonus reward amounts for ‘% of deposit’ bonuses will be set to:
BTC: 1 (will not change)
ETH: 17.5 (to be reduced from 25)
USDT: 35,000 (to be reduced from 50,000)
USDC: 35,000 (to be reduced from 50,000)
If the reward on your margin trading account exceeds the new limit, the reward amount will be retained. However, new deposits to the margin account will not increase the reward. Withdrawing funds from the trading account will clear the reward, and the reward amount for consequent deposits will be capped at the new limit after the conditions update.
Read more about promocodes.
Margin Account status level (turnover-based trade fee discounts)
Turnover volumes required to achieve Golden and Diamond status and receive respective discounts on trade fees will be adjusted for ETH, USDT, and USDC margin trading accounts. See the table below for the new account statuses after July 26th, 2021.
Required turnover | BTC account (not changed) | ETH account (reduced) | USDT account (reduced) | USDC account (reduced) |
Golden Status (25% discount on trade fees) | 300 | 5,000 | 10,000,000 | 10,000,000 |
Diamond Status (50% discount on trade fees) | 600 | 10,000 | 20,000,000 | 20,000,000 |
If you have already achieved the 30-day turnover required for the Golden or Diamond status according to the new status levels, your margin account status will be updated automatically.
Currency Exchange Limits
One-time and daily exchange limits for BTC and ETH will be extended. See the Currency Exchange limit table after July 26th, 2021 for details.
Covesting Conditions
To align the conditions for the managers and followers in BTC and other base currencies, they will be updated for ETH, USDT, and **USDC-**based Strategies and Followings.
🏁 Minimum Manager's Equity to Start a Strategy:
The minimum Manager's Equity to start a Strategy at the Default (0) Grade will be reduced for ETH, USDT, and USDC based strategies to align them with the conditions for BTC Strategies**.**
The new requirement to start a Strategy will be: 0.01 BTC / 0.175 ETH / 350 USDT / 350 USDC.
If you manage a Default (0) Grade Strategy, the restriction on the Manager's Equity withdrawals will be reduced to 0.175 ETH / 350 USDT / 350 USDC from 0.25 ETH / 500 USDT / 500 USDC upon the conditions update.
🏆 Strategy Grades:
Strategy requirements to upgrade and the respective IFE limits will be reduced for ETH, USDT, and **USDC-**based Strategies to align them with conditions for BTC Strategies.
See the Covesting Strategy Grades table below for details.
Strategy Grade | Initial Follower's Equity (IFE) cap | Manager's Equity locked |
Default ('0') | 0.2 BTC 3.5 ETH 7,000 USDT/USDC | 0.01 BTC 0.175 ETH 350 USDT/USDC |
1 | 1 BTC 17.5 ETH 35,000 USDT/USDC | 0.05 BTC 0.875 ETH 1,750 USDT/USDC |
2 | 3 BTC 52.5 ETH 105,000 USDT/USDC | 0.1 BTC 1.75 ETH 3,500 USDT/USDC |
3 | 7 BTC 122 ETH 245,000 USDT/USDC | 0.3 BTC 5.25 ETH 10,500 USDT/USDC |
4 | 15 BTC 262 ETH 525,000 USDT/USDC | 0.5 BTC 8.75 ETH 17,500 USDT/USDC |
5 | 20 BTC 350 ETH 700,000 USDT/USDC | 1 BTC 17.5 ETH 35,000 USDT/USDC |
6 | 40 BTC 700 ETH 1,400,000 USDT/USDC | 2 BTC 35 ETH 70,000 USDT/USDC |
7 | 60 BTC 1,050 ETH 2,100,000 USDT/USDC | 3 BTC 52.5 ETH 105,000 USDT/USDC |
8 | 80 BTC 1,400 ETH 2,800,000 USDT/USDC | 5 BTC 87.5 ETH 175,000 USDT/USDC |
9 | 110 BTC 1,925 ETH 3,850,000 USDT/USDC | 10 BTC 175 ETH 350,000 USDT/USDC |
10 | 230 BTC 4,025 ETH 8,050,000 USDT/USDC | 20 BTC 350 ETH 700,000 USDT/USDC |
11 | 320 BTC 5,600 ETH 11,200,000 USDT/USDC | 30 BTC 525 ETH 1,050,000 USDT/USDC |
Strategy Grades 1, 2, 3, and 4 will be re-evaluated automatically upon the conditions update on July 26th, 2021. If Manager's Equity in a Strategy satisfies a higher grade requirement according to the new conditions, the Strategy will be automatically upgraded.
To upgrade a Strategy to Grade 5 or higher, please contact our customer service.
Restrictions on Manager's Equity withdrawals will be reduced automatically according to the new requirements and the Grade of the Strategy if the Followers' Equity in the Strategy allows it.
📈 Progressive Trade Fees:
Progressive trade fees schedule for Strategies has been reviewed and will be updated for ETH, USDT, and USDC Strategy accounts.
See the Covesting Progressive Trade Fees table below for details:
Current Followers' Equity, BTC | Current Followers' Equity, ETH | Current Followers' Equity, USDT / USDC | Trade Fee, Crypto | Trade Fee, FX and Metals | Trade fee, Indices |
1 or less | 18 or less | 35,000 or less | 0.05% | 0.001% | 0.01% |
1 to 5 | 18 to 88 | 175,000 | 0.05% | 0.001% | 0.01% |
5 to 10 | 88 to 175 | 350,000 | 0.055% | 0.0011% | 0.011% |
10 to 15 | 175 to 263 | 525,000 | 0.061% | 0.0012% | 0.0122% |
15 to 20 | 263 to 350 | 700,000 | 0.082% | 0.0016% | 0.0164% |
20 to 40 | 350 to 700 | 1,400,000 | 0.121% | 0.0024% | 0.0242% |
40 to 60 | 700 to 1,050 | 2,100,000 | 0.192% | 0.0038% | 0.0384% |
60 to 80 | 1,050 to 1,400 | 2,800,000 | 0.29% | 0.0058% | 0.058% |
80 to 110 | 1,400 to 1,925 | 3,850,000 | 0.481% | 0.0096% | 0.0962% |
110 or more | 1,925 or more | 3,850,000 or more | 0.65% | 0.013% | 0.13% |
⭐ Strategy Achievements (Stars):
The requirements to receive some achievement stars on the Strategy rating list have been reviewed and will be reduced for ETH, USDT, and USDC-based Strategies.
Refer to the table below for the new requirements for rating stars.
Condition to Receive a Star | BTC Strategies (not changed) | ETH Strategies (reduced) | USDT Strategies (reduced) | USDC Strategies (reduced) |
Manager's Equity ⭐ | 0.5 BTC | 8.75 ETH | 17,500 USDT | 17,500 USDC |
Turnover over the past 30 days ⭐ | 50 BTC | 875 ETH | 1,750,000 USDT | 1,750,000 USDC |
🍰 Profit Share (Offer):
The requirements for a Following to receive an increased profit distribution share will be reduced for ETH, USDT, and USDC followings.
See the default Profit Distribution (Offer) below for detail.
Amount from, BTC (not changed) | Amount from, ETH (reduced) | Amount from, USDT (reduced) | Amount from, USDC (reduced) | Follower | Platform | Manager |
0.001 | 0.0175 | 35 | 35 | 60% | 20% | 20% |
0.02 | 0.35 | 700 | 700 | 65% | 15% | 20% |
0.05 | 0.875 | 1,750 | 1,750 | 70% | 10% | 20% |
0.1 | 1.75 | 3,500 | 3,500 | 75% | 5% | 20% |
Profit distribution % can be further increased in favor of the Follower by activating a membership plan via COV Token Staking.
The new profit distribution Offer will apply only to Followings which are started after the update. Any Followings started before the update will be subject to the previous Profit Share conditions.
⚖️ Individual Limits on Following a Strategy:
Individual limits on Initial Following Equity have been reviewed for followings in ETH, USDT, and USDC. The limit for followings in BTC will not change.
A Follower will be able to allocate up to 1.75 ETH, 3,500 USDT or 3,500 USDC of initial capital to any separate Strategy. The limit can be further extended by activating a membership plan via COV Token Staking.
Read more about Individual limit on following a strategy.
PrimeXBT Platform Update on June 17th, 2021
We are happy to announce another great update that is aimed at making PrimeXBT even more convenient and transparent for our users.
💱 Exchange Currencies Directly in Your PrimeXBT Wallet
We’re introducing a cryptocurrency exchange service - now you can convert your wallet balance between BTC, ETH, USDT, and USDC with just a few clicks.
The in-wallet conversion service will help you to save on transfer fees and time, which would otherwise be spent on withdrawing funds to an external service for exchange. Also, this allows you to gain instant access to multi-currency Covesting Strategies as a Follower, open your own Strategy or trade on a private margin Trading account using a collateral currency that is most convenient for you.
Convert cryptocurrencies in-wallet.
👛 Enhanced and Detailed Wallet History
The Wallet transaction history report has been greatly improved, now providing even more Trading history info and Transfer history info with additional filtering options.
Sort, filter, and view operations that you’re interested in - for example, only referral payouts or manager’s success fee commissions - or view your entire wallet transfer history with detailed comments for each transfer/transaction
View transfers in your Account.
Covesting Update on June 11th, 2021
With this update, we reduce the entry barrier for opening Covesting Strategies and introduce All-time charts:
🚧 ⬇️ Reducing the Barrier for Opening a Strategy
If you had ever considered opening your own Covesting Strategy, but hesitated to commit the minimum required capital of $2,500 just to try it out — hesitate no longer! We are introducing a new initial (default) Strategy grade.
From now on, starting a new Strategy will require Managers to lock only $500 of Manager’s equity at the initial Grade — this is 5 times less than the previous minimum requirement!
This new initial Grade will also cap the Initial Followers’ Equity at a lower amount of $10,000 to keep the reasonable risk management approach towards newly created strategies.
This update aims to reduce the entry barrier for Covesting managers, and lets them try their trading Strategies publicly without risking significant amounts of personal and Followers capital, and build their track record before committing more funds to upgrading the Strategy and increasing the Followers’ cap.
Check the newly available Strategy grade.
📊 Introducing All-time Strategy charts
As the Covesting module on PrimeXBT continues to gain more popularity, we are going to see an increasing number of established Strategies which have been open for more than a year.
All-time Strategy performance charts have just been released as an update to the Covesting module, in addition to 24 hours, 30 days, and Year-to-Date views.
Find your favourite Strategies and check their all-time performance with the updated charts!
Covesting Conditions Update on April 20th, 2021
At PrimeXBT we always listen to your feedback and strive to deliver what you ask for in the way most convenient for you, and provide new opportunities to earn with the platform while keeping the safety of your funds in mind.
Following up on the most frequent requests, we are tuning up the Covesting conditions for an improved experience.
🏆 Automatic upgrade of Strategies to Grades 1, 2 and 3
From now on, if a Strategy has sufficient Manager’s Equity for an upgrade to Grades 1, 2 or 3, the Strategy will be upgraded automatically, with its Followers’ Equity cap being increased accordingly.
Both Managers and Followers will benefit from this improvement:
Managers will not need to request and wait for a manual upgrade of their Strategy before allowing more Followers to join.
Followers will enjoy an extended Followers’ Equity cap of their favourite Strategies. Other successful Strategies will also be available to them to diversify the portfolio, reduce risks and maximise earning opportunities with copy-trading.
Learn more about automatic Strategy upgrades.
⚖️ New Fine-tuned Grades
We’re making it easier for a Manager to upgrade past Grade 1 by closing the gap and lowering the required Manager’s Equity for Grade 2. A Strategy may be upgraded and open to additional Followings as soon as the Manager’s Equity reaches 0.3 BTC / 7.5 ETH / 15,000 USDT / 15,000 USDC.
Check the newly available Strategy grades.
⬇️ Reduced Progressive Trade Fees
Larger Followers’ Equity used to mean higher costs for a Manager because of the progressive trade fees.
Now your choice between lower fees or higher Followers’ Equity is a no-brainer: progressive trade fees have been reduced significantly.
Lower fees mean higher profits for Managers as well as their Followers. If you manage a Strategy, make sure to check it out.
We hope you enjoy your Covesting experience. Stay tuned for more new features and exciting updates ahead**!**
Covesting Module Updates on February 18th, 2021
Based on the feedback we received from Covesting users and community, and in order to improve clients' experience while keeping in mind risk management considerations, we are introducing the following adjustments to the Covesting module:
1. Increased Initial Followers’ Equity Cap
Due to the influx of new users and growing popularity of the Covesting module, we are increasing Initial Followers’ Equity caps across all Strategy grades above Grade 1: a change that is beneficial both for Managers and Followers.
Please, read this Help article to learn about new Initial Followers’ Equity caps.
2. Progressive Trade Fees
In order to enable higher Followers’ Equity caps and reflect the price slippage resulting from execution of large orders at our liquidity-providing counter-parties, progressive trade fees have been introduced for Covesting Strategy accounts.
For detailed information about progressive trade fees on Covesting, please refer to this Help article.
3. Individual Limits on a Strategy Followings
The Individual Limit is intended to reduce exposure of Covesting users to specific Strategies, thus minimizing overall risks by diversifying their Portfolio. At the same time, it opens an opportunity for more Followers to join successful Strategies and benefit from their performance, by preventing such Strategies from being completely occupied by a few large Followers leaving no room for other Covesting users to join.
Please read this Help article to learn more about individual limit on followings.
4. Restriction on Margin Withdrawing
A Manager may withdraw extra Equity from their Strategy account and use it at their discretion. However, if there were open positions in the Strategy, such a withdrawal would decrease available margin and increase positions’ leverage. To protect Followers from the risks of leverage increasing in the absence of a Manager's trading activity, all positions must be closed before withdrawing Equity.
To learn more about withdrawing of funds from a Strategy and the restrictions, please read this Help article.
We thank you for your interest in PrimeXBT Covesting module. We hope that the changes that we introduced will make it even more attractive to both Followers and Managers alike.
Margin Requirements for Covesting Strategy Accounts to be updated on February 24th, 2021
In order to reduce elevated risk of loss of Followers’ Equity associated with high leverage available to Strategy Managers during periods of extreme volatility on crypto markets and protect Followers, PrimeXBT will be adjusting margin requirements for the following instruments on Covesting: BTC/USD, ETH/USD, ETH/BTC, LTC/USD, LTC/BTC, EOS/USD, EOS/BTC.
The new requirements will come into effect on Wednesday, February 24th, 2021 at 15:00 UTC.
For the updated margin requirements for Crypto instruments on Covesting Strategy accounts please refer to the table below.
Please note that if you have open positions when the new requirements take effect and the margin becomes insufficient according to them, the positions may be liquidated
Take this into account and ensure your Covesting Strategy account has sufficient margin when the new requirements take effect: deposit more funds to the account or reduce market exposure by partially closing positions to avoid position liquidation due to insufficient margin.
For more information about current margin requirements please visit Fees and Conditions schedule.
New margin requirements for Covesting Strategy accounts:
BTC/USD:
From | To | Margin required | Leverage |
0 | 5 | 2% | 1:50 |
5 | 20 | 5% | 1:20 |
20 | 30 | 10% | 1:10 |
30 | > | 50% | 1:2 |
ETH/USD, ETH/BTC:
From | To | Margin required | Leverage |
0 | 20 | 2% | 1:50 |
20 | 50 | 5% | 1:20 |
50 | 100 | 10% | 1:10 |
100 | > | 20% | 1:5 |
LTC/USD, LTC/BTC:
From | To | Margin required | Leverage |
0 | 50 | 2% | 1:50 |
50 | 100 | 25% | 1:4 |
100 | > | 50% | 1:2 |
EOS/USD, EOS/BTC:
From | To | Margin required | Leverage |
0 | 200 | 2% | 1:50 |
200 | 1,000 | 25% | 1:4 |
1,000 | > | 50% | 1:2 |
Trading pair removal notice: XRP will be delisted on February 10th, 2021
Following significant events surrounding Ripple, as well as delisting of the asset across our multiple liquidity providers, PrimeXBT will remove and cease trading of the following trading pairs on Wednesday, February 10th, 2021 at 15:00 (UTC):
XRP/USD, XRP/BTC
Please note that prior to their removal, the XRP pairs will be transferred to ‘reduce only’ status on Friday, February 5th, 2021 at 15:00 (UTC):
Orders to open new positions in XRP/USD and XRP/BTC will no longer be accepted after 15:00 (UTC) on February 5th, 2021;
Orders to reduce or close positions in XRP/USD and XRP/BTC will be accepted and filled until 15:00 (UTC) on February 10th, 2021.
On February 10th, 2021 at 15:00 (UTC) any remaining open positions in XRP/USD and XRP/BTC will be force closed.
Please take this into account and plan your trading accordingly.
Users can continue to trade all other assets offered by PrimeXBT: the most liquid cryptos, 50+ Forex trading pairs, major indices and commodities.
Thank you for your support!
Margin Requirements for Crypto pairs to be updated on January 12th, 2021
Due to significant appreciation of Bitcoin and the crypto currencies, the recent extreme market volatility, and in order to protect traders from elevated risks associated with high leverage on volatile markets, PrimeXBT will be adjusting margin requirements for the following instruments: BTC/USD, ETH/USD, ETH/BTC, LTC/USD, LTC/BTC, EOS/USD, EOS/BTC.
The new requirements will come into effect on Thursday, January 12th, 2021 at 20:00 UTC.
For the updated margin requirements for Crypto instruments please refer to the table below.
Please note that if you have open positions when the new requirements take effect and the margin becomes insufficient according to them, the positions may be liquidated
Take this into account and ensure your margin Trading or Covesting Strategy account has sufficient margin when the new margin requirements take effect: deposit more funds to the account or reduce market exposure by partially closing positions to avoid position liquidation due to insufficient margin.
For more information about current margin requirements please visit Fees and Conditions schedule.
New margin requirements for regular Trading accounts:
BTC/USD:
From | To | Margin required | Leverage |
0 | 20 | 1% | 1:100 |
20 | 30 | 2% | 1:50 |
30 | 40 | 5% | 1:20 |
40 | 50 | 10% | 1:10 |
50 | > | 20% | 1:5 |
ETH/USD, ETH/BTC:
From | To | Margin required | Leverage |
0 | 10 | 1% | 1:100 |
10 | 50 | 2% | 1:50 |
50 | 100 | 5% | 1:20 |
100 | 150 | 10% | 1:10 |
150 | 200 | 20% | 1:5 |
200 | > | 30% | 1:3⅓ |
LTC/USD, LTC/BTC:
From | To | Margin required | Leverage |
0 | 100 | 2% | 1:50 |
100 | 200 | 25% | 1:4 |
200 | > | 50% | 1:2 |
EOS/USD, EOS/BTC:
From | To | Margin required | Leverage |
0 | 500 | 2% | 1:50 |
500 | 2,500 | 25% | 1:4 |
2,500 | > | 50% | 1:2 |
New margin requirements for Covesting Strategy accounts:
BTC/USD:
From | To | Margin required | Leverage |
0 | 30 | 2% | 1:50 |
30 | 40 | 5% | 1:20 |
40 | 50 | 10% | 1:10 |
50 | > | 20% | 1:5 |
ETH/USD, ETH/BTC:
From | To | Margin required | Leverage |
0 | 50 | 2% | 1:50 |
50 | 100 | 5% | 1:20 |
100 | 150 | 10% | 1:10 |
150 | 200 | 20% | 1:5 |
200 | > | 30% | 1:3⅓ |
EOS/USD, EOS/BTC:
From | To | Margin required | Leverage |
0 | 500 | 2% | 1:50 |
500 | 2,500 | 25% | 1:4 |
2,500 | > | 50% | 1:2 |
Margin Requirements for Crypto pairs to be updated on November 26th, 2020
Due to recent extreme market volatility and in order to protect traders from excessive leverage and associated elevated risks, we will be adjusting margin requirements for the following instruments: BTC/USD, ETH/USD, ETH/BTC, LTC/USD, LTC/BTC, EOS/USD, EOS/BTC, XRP/USD, XRP/BTC.
The new requirements will come into effect on Thursday, November 26th, 2020 at 20:00 UTC. Please refer to the table below for the updated margin requirements for Crypto instruments.
Please take this into account and ensure your margin Trading or Covesting Strategy account has sufficient margin when the new margin requirements take effect: deposit more funds to the account or reduce market exposure by partially closing positions to avoid position liquidation due to insufficient margin.
For more information about current margin requirements please visit Fees and Conditions schedule.
New margin requirements for regular Trading accounts:
XRP/USD, XRP/BTC:
From | To | Margin required | Leverage |
0 | 10,000 | 1% | 1:100 |
10,000 | 30,000 | 25% | 1:4 |
30,000 | > | 50% | 1:2 |
LTC/USD, LTC/BTC:
From | To | Margin required | Leverage |
0 | 100 | 1% | 1:100 |
100 | 200 | 25% | 1:4 |
200 | > | 50% | 1:2 |
EOS/USD, EOS/BTC:
From | To | Margin required | Leverage |
0 | 500 | 1% | 1:100 |
500 | 5,000 | 25% | 1:4 |
5,000 | > | 50% | 1:2 |
BTC/USD:
From | To | Margin required | Leverage |
0 | 50 | 1% | 1:100 |
50 | 200 | 5% | 1:20 |
200 | > | 10% | 1:10 |
ETH/USD, ETH/BTC:
From | To | Margin required | Leverage |
0 | 100 | 1% | 1:100 |
100 | 500 | 10% | 1:10 |
500 | > | 25% | 1:4 |
New margin requirements for Covesting Strategy accounts:
XRP/USD, XRP/BTC:
From | To | Margin required | Leverage |
0 | 10,000 | 2% | 1:50 |
10,000 | 30,000 | 25% | 1:4 |
30,000 | > | 50% | 1:2 |
LTC/USD, LTC/BTC:
From | To | Margin required | Leverage |
0 | 100 | 2% | 1:50 |
100 | 200 | 25% | 1:4 |
200 | > | 50% | 1:2 |
EOS/USD, EOS/BTC:
From | To | Margin required | Leverage |
0 | 500 | 2% | 1:50 |
500 | 5,000 | 25% | 1:4 |
5,000 | > | 50% | 1:2 |
BTC/USD:
From | To | Margin required | Leverage |
0 | 50 | 2% | 1:50 |
50 | 200 | 5% | 1:20 |
200 | > | 10% | 1:10 |
ETH/USD, ETH/BTC:
From | To | Margin required | Leverage |
0 | 100 | 2% | 1:50 |
100 | 500 | 10% | 1:10 |
500 | > | 25% | 1:4 |
Last updated
