[PRESS RELEASE – Castries, Saint Lucia, June 2nd, 2025]
PrimeXBT, a global multi-asset broker, has recently announced the expansion of its regulated offerings with the approval from the Financial Sector Conduct Authority (FSCA) in South Africa to provide cryptocurrency services. This pivotal development not only solidifies PrimeXBT’s presence in one of Africa’s leading financial markets but also aligns with the company’s overarching mission to amplify regulated crypto access globally.
With the newly acquired license, PrimeXBT is now equipped to offer South African traders a secure and trusted environment for depositing, withdrawing, trading, and converting digital assets. Clients in South Africa will gain access to crypto-funded accounts on platforms such as MT5, PXTrader, and Crypto Futures, with margin trading available for BTC, ETH, USDT, and USDC. Moreover, the platform facilitates CFD trading across various instruments, including stocks, indices, forex, cryptocurrencies, and commodities, while providing on-platform tools for instant crypto-to-crypto or stablecoin-to-USD exchanges.
“This expansion not only benefits South African traders but also represents our broader commitment to global crypto adoption under a trusted regulatory framework,” stated Sihle Tuta, Head of Region at PrimeXBT South Africa. “At PrimeXBT, we aim to lead by example, delivering an all-in-one trading experience that prioritizes trust, access, and innovation. One of the few regulated brokers offering both crypto and traditional financial instruments, we integrate these markets through a unified platform designed for diverse trading strategies.”
In parallel with expanding its trading services, PrimeXBT remains dedicated to fostering trader education and enhancing financial literacy worldwide. The broker offers a range of online learning resources, webinars, and market insights tailored to varying levels of trading experience. In line with its global corporate social responsibility (CSR) initiatives, PrimeXBT actively supports community-focused projects that emphasize education and skill development.
This addition to PrimeXBT’s regulated operations further cements its reputation as a compliant and forward-thinking broker. As the demand for regulated cryptocurrency access continues to rise, PrimeXBT is strategically positioned to serve traders with a platform that combines security, flexibility, and innovative market access.
For more information, users can visit the PrimeXBT website.
About PrimeXBT
PrimeXBT is a global multi-asset broker trusted by over 1,000,000 traders across 150+ countries, offering a next-generation trading experience that bridges traditional and digital finance. Clients can trade CFDs on stocks, indices, commodities, and crypto, as well as engage in crypto futures and forex trading. Furthermore, PrimeXBT enables clients to buy and sell cryptocurrencies, store them in secure built-in wallets, and instantly exchange crypto-to-crypto or fiat-to-crypto, all within one integrated ecosystem. Since its inception in 2018, PrimeXBT has focused on making investing more accessible by lowering barriers to entry and providing secure access to financial markets through its native web and mobile platforms, MetaTrader 5, and various payment options in crypto, fiat, and local methods. With a commitment to client-first service, PrimeXBT empowers traders of all levels with innovative tools and industry-leading conditions to deliver a superior trading experience.
Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. It does not constitute a solicitation or invitation to engage in any financial transactions or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website. Some products and services may not be available in your jurisdiction. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
