PrimeXBT Expands FSCA Crypto License in South Africa, Enhancing Market Confidence

PrimeXBT has expanded its Financial Sector Conduct Authority (FSCA) license in South Africa, allowing for crypto services. This move follows their initial FSCA license acquisition in November 2024 and demonstrates a commitment to regulatory compliance. The expanded license reflects the growing potential for integrated trading platforms in Africa and could lead to higher market confidence. PrimeXBT's efforts are expected to play a pivotal role in regional adoption of digital finance solutions.

PrimeXBT, a global multi-asset broker, has further bolstered its presence in Africa by expanding its Financial Sector Conduct Authority (FSCA) license in South Africa to include crypto services. This move, following their initial FSCA license acquisition in November 2024, underscores the company's commitment to regulatory compliance and the growing potential for integrated trading platforms in the region [1].

With the updated license in place, PrimeXBT now offers South African traders a secure and trusted environment for depositing, withdrawing, trading, and converting digital assets. The platform supports crypto-funded accounts on MT5, PXTrader, and Crypto Futures, with margin trading options for BTC, ETH, USDT, and USDC, as well as CFD trading on stocks, indices, forex, crypto, and commodities. Additionally, traders can benefit from on-platform tools to instantly exchange crypto to crypto or stablecoins with USD [1].

Sihle Tuta, Head of Region at PrimeXBT South Africa, stated, "This expansion not only benefits South African traders but also represents our broader commitment to global crypto adoption under a trusted regulatory framework. At PrimeXBT, we aim to deliver an all-in-one trading experience that prioritizes trust, access, and innovation" [1].

PrimeXBT's continued investment in trader education and financial literacy is evident through its online learning resources, webinars, and market insights tailored to various levels of trading experience. Furthermore, the company supports community-focused projects with a strong emphasis on education and skills development as part of its global corporate social responsibility initiatives [1].

This latest development strengthens PrimeXBT's reputation as a compliant and forward-thinking broker. As demand for regulated crypto access grows, PrimeXBT is well-positioned to serve traders with a platform that blends security, flexibility, and innovative market access. To learn more, users can visit the PrimeXBT website.

References:
[1] https://www.finsmes.com/2025/06/primexbt-expands-global-reach-with-fsca-regulated-crypto-asset-services.html