Bybit, one of the world fastest growing cryptocurrency exchanges, partners with leading global digital assets institution Cabital
Bybit & Cabital Partnership
Bybit customers may now purchase cryptocurrency using EUR and GBP directly on the Bybit platform through bank transfers, as well as move cryptocurrency between their exchange and Cabital wallets without incurring any deposit fees. As a fiat on-ramp is the first stage in a crypto trader’s journey, this provides an access point for individuals wishing to diversify their portfolios and enter the world of crypto trading.
Additionally, Cabital’s technology monitors many exchanges to ensure that consumers get the best possible prices, ensuring complete pricing transparency. Additionally, it is strengthened by technology from Fireblocks, the global leader in crypto security and infrastructure, which protects users’ cash with best-in-class, institutional-grade protections.
Bybit stated in late January that it will contribute $134 million to the BitDAO Treasury in the form of Ether (ETH), Tether (USDT), and USD Coin (USDC), in addition to completing the integration of Ethereum layer-2 solution Arbitrum.
Quotes
“Cabital believes that it should be easy to buy crypto,” said Raymond Hsu, co-founder and CEO of Cabital. “We are very excited about partnering with exchange and helping their customers buy crypto in a seamless and safe fashion. With Cabital’s fiat on-ramp solution, Bybit users can now buy crypto at some of the most competitive prices in the market. We achieve this through an off-chain settlement mechanism with exchange, allowing their users to avoid hefty gas fees. Let’s take the crazy out of crypto and help millions of more people achieve financial independence.”
“Cabital’s goals of creating an innovative and reliable crypto experience are aligned with ours to bring forth next level trading to our users and elevate their experience,” said Ben Zhou, co-founder and CEO of Bybit. “We at Bybit are thrilled to embark on this new partnership with Cabital, and look forward to empowering folks from all walks of life in realizing their financial goals through crypto. Let’s revolutionize the industry together.”
