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Urgent Warning Against Crypto-Powered Multi-Asset Broker PrimeBit!
In April 2021, the Spanish regulator CNMV warned against the crypto-based trading platform PrimeBit, allegedly operated by PrimeBit Ltd, registered in St. Vincent and the Grenadines. In essence, PrimeBit is just another unauthorized multi-asset broker that accepts deposits only in cryptos and offers a leverage of 1:200. PrimeBit has no regulatory permission to do so. We consider Primebit a scam and have put it on our black compliance list. Stay away!