February 9, 2020
Bybit, one of the fastest-growing cryptocurrency exchanges in the world, made a public announcement on Tuesday (February 8) about its partnership with Cabital, the leading digital assets institution.
Here’s what we know so far:
- This partnership will let the users of Bybit purchase crypto, using EUR or GBP, directly from Bybit’s online platform via bank transfers. This transferring of crypto to and fro the Bybit and Cabital wallets of users will require no additional deposit fees.
- This is billed as an opportunity for entry point users who wish to venture into the world of crypto trading or expand their portfolios, this fiat-to-crypto on and off-ramp service can be the first step in many Crypto Trader experiences.
- Cabital’s system scans through many of the exchanges to make sure that the users are being provided with the best rates in the market, along with full price transparency. The system has also been strengthened with the latest technologies from Fireblocks, the leading company in crypto security and infrastructure, to defend the user’s finances with the very best institutional level protection.
- Bybit is the first company to go into a partnership with Cabital and utilize its fiat on-ramp infrastructure to carry out cryptocurrency transactions. Ben Zhou, CEO and co-founder of Bybit, explained the goals of Cabital to develop a reliable and innovative crypto experience, that goes hand-in-hand with their model. He said: “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.”
About the author
Tiasha Chatterjee is a content writer for Blockchain Asset Review.