Forex Broker FXPRIMUS Starts Accepting Bitcoin Deposits

As a virtual currency, Bitcoin has gradually gained a foothold and is slowly being recognized by investors and traders. It is reported that foreign exchange broker FXPRIMUS has begun accepting Bitcoin deposits.

Bitcoin prices fluctuated in Asian trading on Monday (September 7), holding on to most of the gains from the previous trading day.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) rose from below 236 to above 243 yesterday, then fell back slightly, and fluctuated around 241 in the Asian session of this trading day.

The quotes released by KRAKEN showed that Bitcoin/Euro (XBT/EUR) rose sharply from the 210 level to above 218 yesterday, and then fell back gently. It fluctuated sideways at the 215 level in the Asian session of this trading day.

In the industry, foreign exchange broker FXPRIMUS has become one of the first brokers in the world to accept Bitcoin. FXPRIMUS currently accepts payments from various Bitcoin wallets that use advanced payment protocol technology.

Terry Thompson, CEO and Director of FXPRIMUS, said: “Security is paramount to the way FXPRIMUS does business and we are now pleased to announce the use of BitPay. This is part of our efforts to expand our product offering to our global clients while maintaining security.”

Marcel Roelants, General Manager of BitPay, said: “We are very excited to be onboarding a Forex broker to the BitPay platform for the first time. Bitcoin will complement FXPRIMUS’ already extensive trading portfolio and bring new clients to FXPRIMUS at minimal cost.”

Although most people still view Bitcoin as a virtual currency used by drug dealers and shady hackers to circumvent government agencies, innovation has helped Bitcoin become the hottest virtual currency in the world.

Derek Whit, chief digital officer at British global bank Barclays, said it is working on about 20 experiments to explore how the technology behind Bitcoin might change the financial industry. “It all started with a realization: ‘Wow, we can use this technology to fundamentally change how we operate and create our future.’ ”

Many banks have made their moves public, but much of the activity still happens behind the scenes. Executives from more than a dozen major banks gathered in secret to discuss how to use the technology behind Bitcoin to transform foreign exchange trading, the world's largest financial market, according to people who attended a secret meeting in April at the Manhattan offices of Bank of America.

According to the CICC Market Center, at 11:38 Beijing time on September 7, Bitcoin/USD was 241.01 and Bitcoin/Euro was 215.28.