PrimeXBT Brings BNB Chain Support To Margin Trading Platform

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As a leading trading platform in the cryptocurrency industry, PrimeXBT strives to bring its users the best in products, services, and experience. This commitment to client satisfaction runs so deep that the platform’s developers have added support for BNB Chain in order to reduce the cost associated with blockchain deposits and withdrawals.

Here is everything you need to know about the latest PrimeXBT platform update and why it is a huge benefit to traders that hold BEP-20 tokens or might be interested in doing so.

The cryptocurrency industry has transformed significantly over the last several years. Once upon a time, it mainly was Bitcoin that dominated the market. According to BTC dominance, a metric that weighs the top cryptocurrency’s market cap against the rest of the industry of altcoins, Bitcoin represented more than 90% of the capital in the crypto market up until about early 2017.

After that, the growth in altcoins exploded, and much of that was due to Ethereum and the ICO boom of 2017. Bitcoin is a scarce payment currency with gold-like qualities. Ethereum, however, is like a superhighway where ETH is used as payment for gas. Each vehicle on the road is another coin or protocol, driving along Ethereum road. Thanks to Ethereum, there are now more destinations and vehicles for innovation all across crypto.

But much like the interstates in California are now congested with too many cars, all of the projects and protocols built on Ethereum have created scaling challenges that translate into high ETH gas fees for users. During peak demand and activity, sending $100 in stablecoins could cost the user as much as $25-50