Big Tech Player About to Acquire PrimeBit Exchange

According to our sources PrimeBit – a P2P crypto contract trading platform competing directly with BitMEX, Kraken, Deribit, and others – is in the final stages of negotiating a deal with a fintech company operating in the cryptocurrency markets. The name of the investor is to be revealed when the deal is finalized. How much is PrimeBit worth? The market leaders BitMEX and Kraken are valued at from $2 billion to $4 billion each. Although PrimeBit is a younger product it has already grown to 40k registered traders. The users can exchange simple linear contracts on bitcoin, ethereum, and litecoin, trading with BTC or USDT accounts. An innovative auto-deleveraging system and liquidity solutions allow the platform to offer the market-leading 1:200 maximum leverage on all trading pairs. The majority of traders use PrimeBit WebTrader, while native iOS and Android apps, as well as MetaTrader 5 desktop client, are also popular.…

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