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In a major win for crypto traders in South Africa, PrimeXBT has officially secured approval from the Financial Sector Conduct Authority (FSCA) to offer crypto asset services, strengthening its status as one of the few globally recognised brokers with a regulated footprint in the region.
This move signals a turning point for the local market — one where regulation meets innovation. With the updated licence, PrimeXBT will now allow South African traders to seamlessly navigate both crypto and traditional markets, all within a secure, FSCA-compliant framework.
From funding accounts with Bitcoin or USDT to settling trades directly in crypto, PrimeXBT offers a versatile trading experience designed for today’s investor. Traders will also have access to top-tier platforms like MT5 and PXTrader, plus margin trading and stablecoin-to-fiat exchanges — all under one roof.
“This licence expansion is more than a regulatory checkbox — it’s a declaration of intent,” said Sihle Tuta, Regional Head for Africa at PrimeXBT SA. “We’re not just building a platform. We’re building trust, access, and the tools African traders need to grow.”
Beyond platform features, PrimeXBT is also investing in long-term trader development — from free educational resources to region-specific support and payment options. It’s a strategy that speaks to a broader ambition: to lead regulated crypto adoption across Africa.
As South Africa continues to draw global attention for its evolving financial markets, PrimeXBT’s newly bolstered status puts it in prime position to cater to a new generation of traders — those seeking both opportunity and oversight.
