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PrimeXBT is a cryptocurrency exchange that is registered in the Seychelles. The holding company name is Prime XBT Trading Services and their Company number is 148707. The exchange opened their books to the market in early 2019. In this sense, they are perhaps one of the most direct competitors to the likes of the BitMEX exchange which is also registered in the same jurisdiction and Deribit which is based in the Netherlands. One of the main selling points behind PrimeXBT is the fact that they have leveraged trading for a number of different assets.

These include 6 cryptocurrency pairs with a max leverage of 100x and a number of forex / commodity assets with leverage up to 1,000x! Prime XBT also makes use of the liquidity provided by larger exchanges and market makers in the industry. They aggregate or “pool” their liquidity from over 12 different exchanges. Given that Prime XBT does not have any financial service licenses, there are some countries to which they can not offer their services to traders. These include the likes of the United States and a few other countries.

 

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