$ 55,723
$ 2,328.0
$ 264.42
okex ads

KyberSwap Releases Fiat-to-Crypto Gateway

KyberSwap, a non-custodial exchange built on the Ethereum blockchain by Kyber Network, has become one of the first non-custodial exchanges to roll out fiat-to-crypto gateway.

Join the fastest growing network on Telegram

The gateway has been launched in partnership with MakerDAO-backed crypto startup Coindirect, according to a press release shared with The Block on Friday. The move will allow of the KyberSwap’s users to purchase cryptocurrencies directly with fiat currencies.

KyberSwap currently supports the trading of ether (ETH) and ERC20 tokens only, which means users can buy these tokens directly using fiat, as well as Visa and Mastercard credit and debit cards as Coindirect supports these cards.

“We realized that a lot of people who have never held digital assets find the current process extremely complex. This inspired our partnership with Coindirect to build a simple and secure fiat-to-crypto gateway, helping to increase crypto adoption worldwide,” said Sunny Jain, head of product at KyberSwap.

In July, crypto exchange Binance’s official wallet, Trust Wallet, also partnered with Kyber Network, to add trading support for “multiple” DEXs.

The move gives users more options to “instantly” trade their assets and “tap into a large pool of ERC20 token liquidity.” KyberSwap supports more than 70 tokens including stablecoins DAI, USDC, TUSD, USDT, digital gold DGX, as well as MKR, LINK, KNC, and WBTC (wrapped Bitcoin).

About the author

A Nice Man

Leave a Reply


Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

NUSTAR- Cebu’s New Casino Resort to open in 2022
NUSTAR: Cebu’s New Casino Resort to open in 2022
April 21, 2021By
Acroud, The Media House of the Future, acquires The GamblingCabin
Acroud, “The Media House of the Future”, acquires The GamblingCabin
April 21, 2021By
Clayton Bartolo on reviving the tourism industry in Malta
[WATCH] Clayton Bartolo on reviving the tourism industry in Malta
April 21, 2021By


Video Posts

Blockchain-Based Solution For Security And Scalability For Any Business
April 9, 20210
Tech Adoption For Small Business
April 6, 20210

Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin55,723 0.86 % 2.81 % 12.35 %
Ethereum2,328.0 1.64 % 12.03 % 1.02 %
Binance Coin609.53 3.82 % 23.57 % 10.20 %
Tether1.000 0.40 % 0.02 % 0.04 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.270 2.06 % 9.96 % 10.95 %
XRP1.430 1.30 % 15.76 % 20.24 %
Uniswap32.21 1.80 % 12.19 % 9.28 %
Litecoin264.42 1.46 % 9.54 % 0.70 %
Chainlink38.07 1.28 % 9.64 % 6.76 %