PrimeXBT Secures FSCA Approval Expanding Crypto Services in South Africa

PrimeXBT, a global multi-asset broker, has expanded its regulated offerings by securing approval from the Financial Sector Conduct Authority (FSCA) in South Africa to provide crypto services. This development enhances PrimeXBT’s presence in one of Africa’s leading financial markets and aligns with the company’s mission to advance regulated crypto access worldwide.

With the updated license, PrimeXBT now offers traders a secure and trusted environment to deposit, withdraw, trade, and convert digital assets. South African clients gain access to crypto-funded accounts on MT5, PXTrader, and Crypto Futures, with support for BTC, ETH, USDT, and USDC margin trading, including CFD trading on stocks, indices, forex, crypto, and commodities. Traders can also benefit from on-platform tools to instantly exchange crypto to crypto or stablecoins with USD.

Sihle Tuta, Head of Region at PrimeXBT South Africa, emphasized the significance of this expansion, stating, "This expansion not only benefits South African traders but also represents our broader commitment to global crypto adoption under trusted regulatory frameworks. At PrimeXBT, we aim to lead by example, delivering an all-in-one trading experience that prioritizes trust, access, and innovation. As one of the few regulated brokers offering both crypto and traditional financial instruments, we bring these markets together through a unified platform built for diverse trading strategies."

In addition to expanding its trading services, PrimeXBT continues to invest in trader education and financial literacy worldwide. The broker offers online learning resources, webinars, and market insights tailored to various levels of trading experience. As part of its global CSR initiatives, PrimeXBT also supports community-focused projects with a strong emphasis on education and skills development.

This addition to PrimeXBT’s regulated operations further strengthens its 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.

PrimeXBT is a global multi-asset broker trusted by over 1,000,000 traders in 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 Crypto Futures and Forex. PrimeXBT also 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 environment. Since 2018, PrimeXBT has made investing more accessible by lowering barriers to entry and providing secure, easy access to financial markets. This accessibility extends across its native web and mobile platforms, MetaTrader 5, and a variety of funding options in crypto, fiat, and local payment methods. Committed to putting clients first, PrimeXBT empowers traders of all levels with innovative tools and industry-leading conditions, delivering a better way to trade.