PrimeXBT Pairs with CEX Direct for Alternate BTC Deposit Options

Multi-asset Bitcoin-based trading platform PrimeXBT announced this week that it has established a partnership with CEX Direct, a fintech company launched by CEX.IO, to allow users to buy Bitcoin directly from the platform.

In particular, through the partnership announced on Tuesday, clients of PrimeXBT can now purchase Bitcoin with their Visa or Mastercard credit or debit cards via the fiat on-ramp module which has been integrated directly into the company’s trading platform .

Following the collaboration, when Bitcoin is purchased in this way, it will be instantly transferred to the relevant user’s private wallet in the PrimeXBT trading platform, available for trading straight away, the company said in its statement.

CEX Direct is an infrastructure which facilitates instant crypto purchases via Visa or Mastercard, which, according to the Payment Card Industry Data Security Standard Council, is protected by the “highest level of safety”, PrimeXBT said in the statement.

“Upon using the CEX Direct module, PrimeXBT users will be required to complete a short identity verification check. The entire process from start to finish takes less than a few minutes. Now, more users than ever who don’t already own Bitcoin can easily and quickly take full advantage of the large suite of powerful features offered by PrimeXBT,” the company said on Tuesday.

PrimeXBT expands offering

The announcement comes less than a week after the Bitcoin trading platform announced that it had added a range of new currency pairs for trading. As Finance Magnates reported, the company added five new currencies – Mexican Peso (MXN); the South African Rand (ZAR); the Hong Kong Dollar (HKD); the Chinese Yuan Renminbi (CNH), and the Thai Baht (THB). 

PrimeXBT has initially launched trading on 18 currency pairs, spot contracts for gold and silver, and CFD contracts for oil, gas and stock indices. In an attempt to appeal to crypto traders of varying experience levels and budgets, PrimeXBT provides up to 1:100 leverage on all available crypto and traditional assets.