PrimeXBT Expands Operations in South Africa with New FSCA License

PrimeXBT has secured an expanded Financial Sector Conduct Authority (FSCA) license, enabling the company to provide crypto services in South Africa. This move follows PrimeXBT’s initial FSCA license acquisition in 2024, signifying a commitment to regulatory compliance within the region. The expansion marks PrimeXBT as one of a few brokers offering both traditional and cryptocurrency services in the region, broadening its reach to cater to South African traders while positioning for future growth. The move is seen as an example of responsible regulation fostering market confidence in the burgeoning crypto space.