PrimeXBT, a leading cryptocurrency trading platform, announced its new instant crypto-to-USD exchange service on May 7, 2025, enabling users to quickly and cost-effectively convert their digital assets to US dollars within the platform. The new service aims to simplify life for cryptocurrency traders who often face high fees and long processing times with traditional currency exchanges. According to PrimeXBT's CEO, the new feature responds to user demands for a versatile and seamless currency conversion solution that allows them to react quickly to market movements without using multiple platforms.
Through the new service, PrimeXBT users can directly convert six major cryptocurrencies to USD: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, as well as USDT and USDC stablecoins, with a minimal fee of just 0.075%, significantly lower than the market average which typically ranges between 1-3%. Transaction processing time is less than 30 seconds, compared to the hours or days traditional crypto-to-fiat conversions can take. The platform's minimum conversion amount is $100 USD, while the maximum limit is $50,000 USD per transaction. According to PrimeXBT's report, the service attracted significant user activity on its first day, with over $2.5 million in volume, representing nearly 5% of the platform's daily turnover.
Launching the new conversion service is part of PrimeXBT's comprehensive strategy to offer a complete financial ecosystem for cryptocurrency traders, allowing them to trade, exchange, and manage their assets in one place. According to the company, the service will gradually expand with additional cryptocurrencies and fiat options over the next six months, including the euro, pound, and Japanese yen. Since its founding in 2018, PrimeXBT has acquired 2.5 million registered users from 150 countries, and in 2024, the platform's average daily trading volume reached $545 million, representing a 35% increase compared to the previous year. The company stated that the new service is available to all users who have completed KYC (Know Your Customer) verification. User accounts have already been automatically updated with the new feature.
Sources:
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Chainwire
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Partner Content
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Chainwire
