Cryptocurrency exchange ByBit now lets its users exchange over 20 fiat currencies for cryptocurrency.
According to an announcement shared with Cointelegraph on June 22, ByBit users can trade their U.S. dollars, Australian dollars, Canadian dollars, euros, Singapore dollars, British pounds sterling and many others for crypto of their choice. ByBit CEO Ben Zhou said that it was two partnerships that came together to make it possible:
“Thanks to our payment partners Banxa and XanPool, Bybit users can now frictionlessly purchase crypto with credit or debit card.”
Jeffery Liu is CEO of XanPool, one of the two payment partners. He noted that his company plans to expand its collaboration with ByBit into other business arenas in the future, but declined to reveal any details.
Banxa, the other, previously scored a partnership with major crypto exchange Binance earlier this year. In January, Binance started using Banxa’s fiat-to-crypto onramp to accept Australian dollars and Thai baht.