PrimeXBTs FSCA Regulation Paves the Way for Global Crypto Adoption

Global multi-asset exchange PrimeXBT has gained approval from the Financial Sector Conduct Authority (FSCA) in South Africa to provide crypto services, thus expanding its global reach in one of Africas strongest financial markets.

The license also strengthens the platforms efforts towards advancing regulated crypto access worldwide, as the exchange can now offer traders a secure and trusted environment to deposit, withdraw, trade, and convert digital assets.

As we advance, clients in South Africa can access crypto-funded accounts on MT5, PXTrader, and Crypto Futures. Margin trading is supported for crypto assets, including BTC, ETH, USDT, and USDC. CFD trading is also supported on stocks, indices, forex, crypto, commodities, and instant exchange from crypto to crypto or from stablecoins to USD.

Commenting, Sihle Tuta, Head of Region at PrimeXBT South Africa, said:

With over 1,000,000 traders in over 150 countries, PrimeXBT enables clients to buy and sell cryptocurrencies, store them in secure built-in wallets, and instantly exchange crypto or fiat to crypto within one integrated environment.

Since 2018, PrimeXBT has made trading more accessible by lowering barriers to entry and providing secure, easy access to markets. In addition to expanding its trading services, PrimeXBT continues to infuse in trader education and literacy worldwide.

Users can access online learning resources, webinars, and market insights for users with all levels of knowledge about crypto and trading. PrimeXBT supports community-focused projects with a strong emphasis on education and skills development as part of its global CSR initiatives.

With the new regulatory license, the platform has strengthened its reputation as a compliant and forward-thinking broker. PrimeXBT is also well-positioned to serve traders with a platform that blends security, flexibility, and innovative market access as the demand for crypto continues to grow.