Covesting copy-trading: the next big thing from PrimeXBT

1 October, 2020

For those unaware, the Covesting beta brings skilled professionals together with followers within a unique, copy-trading platform, unlike anything else in the crypto industry. However, it has only been available to a select few who had access to the beta – until now.

According to a press release shared by the award-winning Bitcoin margin trading platform PrimeXBT, the Covesting platform is now fully available to the public for the first time ever. Here’s why this disruptive new tool is about to change the game for all of crypto.

PrimeXBT debuts full public launch of Covesting copy-trading


The Covesting copy-trading platform released today to the public is a product of Europe-based and DLT-licensed fintech software developer Covesting and the result of a collaboration between the firm and advanced trading platform PrimeXBT.

The two companies were the perfect match, combining Covesting’s copy-trading tech with PrimeXBT’s wide range of trading instruments like forex, commodities, stock indices, and crypto, and trading features such as long and short positions, built-in technical analysis tools, and more.

Together they have released an innovative tool aimed at profitability for both new followers and experienced traders alike.

Covesting CEO and Founder Dmitrij Pruglo shared his thoughts about the full public release, saying, "the road was a long and challenging journey, but we are happy to finally reveal the Covesting copy trading module to all."

"The entire world is shifting toward P2P ecosystems. We have eBay for buyers and sellers, Uber for drivers and passengers, and AirBNB for host and guests. We are proud to see through our dream of successfully developing a P2P service connecting traders for an opportunity to profit together," Pruglo added.

What can followers and traders expect for profits?


Covesting lets the best of the best traders create strategies that can be followed by others for profits. Followers add equity into any strategy of their choosing, based on publicly available stats on win rates, ROI, and more, and earn a portion of profits generated by the strategy manager.

Strategy managers also earn a portion of the profits generated with follower funds, and followers make profit despite lacking the same level of experience as professional traders.

Examples provided in a company blog post demonstrate what followers and strategy managers can potentially earn. Total ROI generated throughout the beta by some strategy managers reached over 1,800% even after an extended phase, and total follower equity had peaked at over $1 million. Follower profits based on the top ten strategies alone reached over $250,000. The top ten strategy managers collectively earned over $70,000 using the same total follower equity.

Future updates will only further build into the health of the growing ecosystem and provide traders with unparalleled control and transparency, according to a roadmap shared by the development team.

Why Covesting copy-trading matters to Crypto Traders


The Covesting copy-trading platform launch comes at a time when markets are more volatile than ever, and therefore more opportunity around every corner for investors and traders to share.

The stock market is experiencing the most volatile in several years, oil crashed to historic lows, gold set new record highs, and Bitcoin and other cryptocurrencies are gearing up for another explosive rally.

Ethereum has grown by over 200% since 2020 first began, XRP in a week rallied by more than 45%. These types of returns would be only the beginning if the last bull market was anything to go by.

Traders on Covesting were able to generate as much as 1,800%, all while cryptocurrencies were consolidating and trading in a tight range. With volatility returning to the explosiveness the asset class is known for, top traders can turn even meager investments into substantial success with Bitcoin going up once again.

Get started with the Covesting public launch starting today on PrimeXBT


Covesting is available to anyone registered to PrimeXBT. If you already have an account, you can immediately set up a strategy and trade forex, stock indices, commodities, or crypto to start building a rating and reputation. You can also make a deposit and start investing equity in any of the existing strategies available on the platform.

Those new to the platform can sign up in a few clicks and in less than a minute for a free trading account. Once registered, a small minimum deposit of 0.001 BTC is required to begin trading, or Bitcoin can be bought directly from within the account dashboard.

Potential strategy managers will want to get in early and start building their trading career right away. Investors will want to get started just as quickly to take advantage of the current market volatility and profitability.


Source  
How Much Can I Make With Covesting? Full Launch Announced14 Aug, 2020  

Back in April 2020, in partnership with Europe-based fintech software developer Covesting, PrimeXBT successfully launched the Covesting copy trading beta...

Covesting Module v2.0: Bye Investing, Hello Following23 Jul, 2020  

Months ago, the Covesting module beta made its debut on our award-winning Bitcoin-based trading platform. Since then, the tool has drawn interest...

PrimeXBT Adds New Foreign Exchange Assets and Pairs17 Jul, 2020  

We are thrilled to announce that we have broadened our forex trading stable to include five new currencies, as well as five new trading pairs...


How to Protect and De-Risk Crypto Portfolio14 Jul, 2020  

The common phrase or idiom "no pain, no gain" can be associated with any sort of struggle, difficulty, or challenge. When it comes to investing and trading...

Covesting Fund Management Module on PrimeXBT10 Jul, 2020  

The moment so many Covesting users have been waiting for is finally here: the Covesting Fund Management Module Beta is officially now live on the PrimeXBT...

Build the Perfect Trading Portfolio with PrimeXBT8 Jul, 2020  

PrimeXBT is a good choice for traders seeking diversification thanks to the low fee structure that rewards those who take positions more frequently, or across many...


PrimeXBT launches new Turbo Platform to all users7 Jul, 2020  

PrimeXBT, a Bitcoin-based margin trading platform offering up to 1000x leverage across forex, stock indices, commodities, and cryptocurrencies, has now opened...

Top 10 Forex Brokers 2021

200+ Forex Brokers
Top 10 Profitable Forex Advisors
The Most Profitable Forex Advisors

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the Top 10 Forex Advisors including Equilibrium, Excalibur, Night Owl...

Top 10 Forex Advisors 2021

Forex Advisor Yield, %
1Flex300
2Fortnite135
3FX Classic Trader335
4Happy Frequency1163
5FX BlasterPRO180
6Trade Manager65.39
7FXCharger77.31
8Forex Truck246
9Alfa Scalper49.36
10XFXea180
All Forex Advisors
TOP 10 Best Forex Trading Platforms
Best Forex Platforms 2021

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets...

Top 10 Forex Platforms 2021

All Forex Platforms