Tx 16e7423fd487f3ccc9c39ed167e297c388a76bc5@44694908

Included in block 44,694,908 at 2020-06-30 09:28:45 (UTC)


Raw transaction

ref_block_num64,875
ref_block_prefix950,742,093
expiration2020-06-30 09:38:42
operations
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0.comment
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parent_author""
parent_permlinkcrypto
authorpseudokoo
permlinkreducing-the-complexity-of-managing-crypto-and-forex-investments-2020
title"Reducing the Complexity of Managing Crypto and Forex Investments [2020]"
body"![reducing-5.png](https://cdn.steemitimages.com/DQmZaUwiYNH9tJAabqTV7h9yLS7W6uMyNm9WrDQL6phAksD/reducing-5.png)
While forex has been a huge industry for many many years, it has only been in the past half a decade that cryptocurrency has grown to a size with a significant number of traders today trading cryptocurrency.
While trading in a single asset class can be profitable, many traders look across a range of different asset classes for opportunities that can increase their profitability even further than before.
Such is the case with traders that manage portfolios that include cryptocurrencies as well as forex, and this guide takes a look at the problem faced when managing multiple asset classes and the complexity of doing so, as well as a solution for investors and traders that manager portfolios including cryptocurrency and forex.
<h2>Managing Multiple Asset Classes Can Be Complicated</h2>
![4fe3167e140bbdcd703b878c4dfbcae8.jpg](https://cdn.steemitimages.com/DQmcxFBQwXzdcwAjwoWVad263bjWGnyUyUuP78r56j8dgCw/4fe3167e140bbdcd703b878c4dfbcae8.jpg)
While managing any kind of financial asset portfolio can be complex, that complexity is increased when having to manage multiple asset classes such as cryptocurrencies and forex.
This can often be because of the requirement to have accounts at multiple trading platforms, one for each asset class, and this can increase the cost of being able to move funds around, as well as making it inefficient that when trades need to be made there can be a time delay between sending assets between different platforms.
This problem only increases as the size of a portfolio and its diversity increases, and this is a significant problem that faces a lot of multi-asset traders who are seeking optimal ways in order to reduce the complexity that they face.
<h2>Multi-Asset Can Also Be Expensive</h2>
![bitcoin-trader-scam-app.jpg](https://cdn.steemitimages.com/DQmdm5svhRABREbJAdqsp9zF2z5oHGtesWb3JhaV9pkecZB/bitcoin-trader-scam-app.jpg)
One of the biggest problems that multi-asset traders and investors face is the increased cost of being able to do so.
When traders hold assets in different accounts, in order to be able to transfer them between the platforms there is often a fee for withdrawals and sometimes even a fee for deposits.
This means that for every trade that needs to be made, there will be a fee incurred, eating into the potential profit which can be generated, and making the system massively inefficient.
While many traders simply accept the cost that is required, others are seeking out ways in order to reduce inefficiency and to maximize their profits from global financial training.
<h2>There is a Lack of Tools Available to Effectively Help Multi-Asset Traders and Investors</h2>
![0_9urer0Spa08CCkzm.jpeg](https://cdn.steemitimages.com/DQmZeZMFCnV95LZL1ivsA5wCJFALBAbhySiyTanfH72Frw5/0_9urer0Spa08CCkzm.jpeg)
While there are a large number of multi-asset traders and investors that make up the market, there is a distinctly lower number of tools and resources available to them in order to help them to maximize their profit in the markets.
Unlike other traders, multi-asset traders have additional needs and considerations and needs to be met, and while some platforms provide limited solutions to these problems, most are tailored towards traders that trade a single asset class.
The ability to use platforms which are tailored specifically to multi-asset trading provides these traders and investors with solutions that can have dramatic implications on the profitability of an entire portfolio and of a range of strategies.
The rarity of platforms which focus on the needs of multi-asset traders and investors also means that they have seen widespread success and adoption because of supplying solutions to this part of the market.
<h2>PrimeXBT Provides the Optimal Solution</h2>
![2-PrimeXBT-1140x570.jpg](https://cdn.steemitimages.com/DQmaNjCCyBR5SLb5VnW1fkdZk8UbwN8DfSNashCTuoksYgM/2-PrimeXBT-1140x570.jpg)
<a href='https://primexbt.com/'>PrimeXBT</a> is the world's leading multi-asset margin trading platform, and provides a wide range of listings and global markets to access, as well as managing up to $2 billion worth of global trade every day.
Multi-asset traders use <a href='https://primexbt.com/platform'>PrimeXBT</a> as a way to effectively bridge the gap between the different markets of the world, reducing costs and inefficiencies, and managing all assets under one roof.
By using PrimeXBT, multi-asset traders and investors have been able to substantially reduce the complexity of managing portfolios, and even large portfolios, with PrimeXBT providing a diverse range of markets to be able to trade on the platform.
<h2>A Range of Other Benefits on PrimeXBT</h2>
![6-E-PrimeXBT-min-1-e1549093088611.jpg](https://cdn.steemitimages.com/DQmewwmKGrFdQek72cuRTJPKMr9fPQNn3kB63uj2Jaugjjh/6-E-PrimeXBT-min-1-e1549093088611.jpg)
Multi-asset traders and investors can reduce the cost by taking advantage of PrimeXBT’s <a href='https://primexbt.com/fees'>low fees</a>, with the platform providing the lowest fee schedule of any major cryptocurrency trading platform on the market of a flat rate of 0.05% across all trades, irrespective of the size of the trade all of the asset class being traded.
As well as this, PrimeXBT is an incredibly <a href='https://primexbt.com/security'>secure platform</a> that uses bank-grade security in order to fortify the site, and protect the funds of its users, and this is via security measures such as cold storage of digital assets with multi-signature technology and hardware security modules with rating of FIPS PUB 140-2 Level 3 or higher.
v’s interface itself is intuitive and attractive, and makes learning how to use the platform easy for both novice cryptocurrency traders and experienced traders alike, while PrimeXBT’s robust trading engine can execute up to 12,000 trades per second and dramatically reduces slippage on all trades.
<h2>In Conclusion</h2>
When managing cryptocurrency and forex portfolios together, many multi-asset traders and investors often have to use multiple platforms in order to do so, and this increases inefficiency and reduces profit.
One of the best ways that multi-asset traders and investors have combatted this problem is with the use of PrimeXBT, the world's leading multi-asset margin trading platform, which provides an effective bridge between the cryptocurrency market and global financial markets.
To find out more about PrimeXBT, and how multi-asset traders and investors are using the platform in order to be able to increase their profits and reduce inefficiencies, check out this <a href='https://primexbt.com/platform'>link</a>."
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transaction_id16e7423fd487f3ccc9c39ed167e297c388a76bc5
block_num44,694,908
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