ByBit, a cryptocurrency exchange that’s designed for institutional investors all the way to individual day traders, will now let users buy cryptocurrency with over 20 new fiat currencies, according to a release shared with AP News.
Essentially, users will be able to purchase cryptocurrency with a credit or debit card or even via a bank transfer on the platform.
Xanpool and Banxa, crypto payment providers, have assisted with this implementation. This decision, of course, increases accessibility and ensures users have more ways to purchase digital assets which, in turn, should increase the amount of money in the space.
USD, AUD, CAD, EUR, SGD, and GBP are just some of the assets available, the release notes.
Speaking on the matter is Ben Zhou, the CEO of Bybit, who had said:
“Adding fiat-crypto support is another major milestone in our roadmap, and a major coup for Bybit traders who have been patiently waiting for this day to arrive. Thanks to our payment partners Banxa and Xanpool, Bybit users can now frictionlessly purchase crypto with credit or debit card at some of the most competitive rates on the market.”
On top of this, the platform has launched a promotion to provide users with a $10 bonus in Bitcoin for any $100 in BTC or ETH purchased.