What Is The Covesting Ecosystem And How Can Traders Benefit?

The Covesting ecosystem is unlike anything else found in the cryptocurrency industry, connecting a peer-to-peer copy trading community with the COV utility token and interest-bearing yield accounts that enable unprecedented benefits for traders.

Here is everything you need to know about the Covesting ecosystem found exclusively at PrimeXBT and the many benefits it offers.

What Is Covesting?

The Covesting copy trading module is an elite copy trading experience for traders of all skill levels. It was designed by the European fintech software developer and DLT services provider of the same name, who also launched the COV token and helped build yield accounts on PrimeXBT.

Together with the native utility token to the Covesting ecosystem, the COV token, traders can get even more mileage out of the margin trading platform and its features.

Copy Trading Community

All across the trading community, the Covesting leaderboards are the topic of discussion. The Covesting copy trading module connects top-ranked traders with followers who can automatically copy trades of those they choose to follow. Covesting Wall of Fame traders have reached as much as 90,000% ROI.

That type of money translates to a fortune for followers, who only give up a small portion of earnings to pay toward the strategy manager’s profit share model. Because strategy managers earn a cut, they are incentivized to keep profits churning and stay at the top of the fully transparent leaderboards.

Covesting Ecosystem Benefits

In terms of benefits, we’ve already covered many. Strategy managers, if successful, can earn more money than otherwise possible by leveraging follower’s capital. Followers can bypass all the technical analysis and tape-reading and let more skilled traders do the hard work. Both sides of the trade benefit synergistically from one another.

Other additional benefits can be unlocked via activating COV token memberships. COV token memberships come in Advanced, Premium, and Elite, and each unlocks an increasingly more powerful set of account utilities. These utilities include trading fee discounts for strategy managers, improved profit shares for followers, and up to a 2x APY boost in Covesting yield accounts.

Covesting Extras Enabled

There is a dedicated MyCOV section within PrimeXBT where Covesting users can toggle COV token memberships on and off. Vital statistics related to the COV token such as supply, burn rate, and price are included.

Another area of the Covesting ecosystem are yield accounts, which offer up to 14% APY during peak market conditions. Users can access the most popular DeFI applications from within the PrimeXBT dashboard to stake idle digital assets and earn a variable interest rate paid out in daily crypto rewards.

Covesting At PrimeXBT

The Covesting ecosystem of products and services is only available at the award-winning margin trading platform PrimeXBT. Covesting innovations are also part of the suite of tools found within the PrimeXBT mobile application — free for both Android and iOS devices.

Covesting is free to use with a PrimeXBT account. PrimeXBT is home to other powerful trading tools, such as weekly trading competitions and long and short positions on crypto, stock indices, commodities, and forex currencies. Get PrimeXBT and Covesting today.