PrimeXBT, a global multi-asset platform offering a comprehensive suite of trading products and cryptocurrency services, has enabled support for BNB Chain deposits and withdrawals.

PrimeXBT has added wallet support for the BNB Chain BEP-20-protocol tokens Tether (USDT), USD Coin (USDC) and COV (Covesting). 

Platform users will be able to deposit and withdraw the BEP-20- and ERC-20-protocol versions of USDT, USDC, and COV in addition to existing deposit options, which include Bitcoin (BTC) and Ether (ETH).

Users benefit from the flexibility of having more blockchains to choose from and a significant reduction in gas fees associated with using the Ethereum blockchain. BNB Chain transactions are only a fraction of the cost, with fees reaching only one-half to one-tenth the cost of ERC-20-protocol tokens.

BNB among new altcoins, constantly evolving produce lineup

The addition of BNB Chain support highlights the continuously expanding PrimeXBT product lineup and ongoing commitment to customer satisfaction. BNB Chain was also among the list of new and trending altcoins launched at PrimeXBT earlier in 2022. Other instruments include altcoins from Metaverse, memecoins, GameFi, decentralized finance and many other growing sectors. Altcoins are only a fraction of more than 100 trading instruments offered in crypto, commodities, forex and stock indexes.

This year, PrimeXBT also updated its mobile application to include further support for the Covesting copy-trading module, implemented new COV token utilities such as collateral for margin trading and much more. Future updates can be found on the official company blog or other official PrimeXBT channels.

About PrimeXBT

PrimeXBT is a multi-award-winning fintech company established in 2018, which offers a cryptocurrency, forex, indexes and commodities synthetic contract-trading infrastructure. 

The platform provides access to a wide range of trading tools while maintaining security, liquidity and allowing a safe and efficient trading environment for everyone. PrimeXBT also offers the Covesting copy-trading module, which allows users to browse through hundreds of trading strategies provided by other traders and automatically copy their trading activity.

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