PrimeBit Exchange Negotiates Its Sale With Major Fintech Company

The PrimeBit exchange is currently in a negotiating process with a popular finTech company that will remain anonymous for a short while, or until they set a price for the exchange. The P2P crypto trading platform is competing with Kraken, Deribit, and BitMEX directly but it is now in its final stages of negotiating a deal with a fintech company. Let’s find out more in our latest cryptocurrency news.

The market leaders BitMEX and Kraken are valued from $2 billion to $4 billion each so how much is PrimeBit worth? The exchange is much younger and grew to about 40,000 registered traders that have the ability to exchange simple linear contracts on Bitcoin, Litecoin, Ethereum, or USDT. The innovative system and the many liquidity solutions of PrimeBit, allow the platform to offer the market-leading 1:200 maximum leverage on the trading pairs.

Speaking about Kraken, The Wyoming Banking Board voted to approve the application for special purpose depository institution charter of the Kraken crypto exchange. This way, Kraken becomes the first exchange to officially get a license and operate as a chartered bank in the United State since 2006, according to a NASDAQ report. Now, Kraken can get access to the existing federal payments infrastructure which will allow the exchange to integrate funding and banking options to the clients, according to the managing director of the exchange and CEO.

Most of the traders use PrimeBit WebTrader while the native iOS and Android apps and MetaTrader 5 desktop clients are extremely popular. PrimeBit experienced an increase in trading volume thanks to the crypto bull market that is driving the price of Bitcoin up by about 45% in less than a month. The exchange also concluded a huge promo event Demo Contest that has major traction in the crypto trading community. This competition gave the exchange proof of concept since the traders that were proclaimed best, achieved more than 15,000 percent return on investment in their four weeks of trading.

The traders can learn from the best competitors after their best deals on the blog of the PrimeBit exchange. The insiders said that there are several fintech companies as well as a venture capital fund that is getting interested in purchasing the platform. One offer seems to be on the verge of acceptance by both sides.