PrimeXBT crypto exchange lists Monero

Monero (XMR/USD), which bills itself as the #1 privacy coin in crypto, can now be traded long or short with leverage on PrimeXBT margin accounts and the Covesting Copytrade module, Monero’s official Twitter account posted.

Monero is the 42nd biggest crypto by market cap. It’s currently trading for $179 with a 24-hour trading volume of $150.3 million. Monero is up 1.91% in the last 24 hours. 

Monero uses advanced cryptography to conceal data  

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Monero was launched eight years ago with a simple goal: to allow transactions to take place privately and with anonymity. It conceals the data of senders and recipients by using advanced cryptography.

The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users, irrespective of background.

Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

Achieving maximum decentralization

One of Monero’s main goals is achieving the greatest level of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network.

Privacy is achieved through a few distinctive features. XMR is completely fungible. It achieves obfuscation by using ring signatures. Here, past transaction outputs are picked from the blockchain and act as decoys, meaning that outside observers can’t tell who signed a transaction.

To ensure that transactions cannot be linked to one another, stealth addresses are created for every single transaction. These addresses are only used once.

PrimeXBT: fast order execution, leading trade engine

PrimeXBT was founded in 2018 and currently serves clients in more than 150 countries. The exchange offers access to top-tier liquidity and a wide range of trading tools while maintaining security and liquidity.

It has a robust trading system characterized by a highly reliable performance. The infrastructure is designed to facilitate a high number of orders per second and support extreme loads while offering ultra-fast order execution and low latency.

The exchange executes orders in less than 7.12 milliseconds on average. Amazon AWS powers its secure and strong infrastructure.

Almost three-quarters of orders executed at requested quote

Slippage and order execution quality are of paramount importance to active day traders. In 2020, the exchange executed 74.1% of client market orders at the quote requested, which is far higher than the industry average.