Crypto Exchange ByBit Rolls Out Fiat Gateway Backing More Than 20 Fiat Currencies

Crypto exchange ByBit now permits its users exchange more than 20 different fiat currencies for cryptos.

As per the media release, ByBit users can trade cryptos against Aussie, Canadian dollars, euros, US dollars, Singapore dollars, pounds sterling and several more. ByBit CEO Ben Zhou stated that such a facility was made feasible through double partnership:

“Thanks to our payment partners Banxa and XanPool, Bybit users can now frictionlessly purchase crypto with credit or debit card.”

During the same period, ByBit users are entitled for a $10 bonus in Bitcoin (BTC) for every $100 worth Bitcoin or Ether (ETH) that they bought, with $50 being the maximum offered bonus, effective until July 22.

Jeffery Liu, CEO of XanPool, one of the partners in the setup, stated that his company intends to widen its partnership with ByBit into other business domains in the future, but refrained from disclosing further info.

Other partner Banxa had earlier signed an agreement with popular cryptocurrency exchange Binance in early 2020.

Under the agreement, in January, Binance began utilizing Banxa’s fiat-to-crypto onramp to support Thai baht and Australian dollars.