Bitcoin
$ 31,929
Ethereum
$ 1,228.2
Litecoin
$ 139.05

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

Newsletter

Subscribe To Newsletter

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

Popular Posts

Kyrgyzstan: Central Bank Publishes Draft Crypto Laws, Calls for Public Comments
January 23, 2021By
Kenya Finance Act takes effect, charging 1.5% tax on digital currencies
January 23, 2021By
Concordium Becomes First Blockchain Member of FinTech Association of Japan
January 23, 2021By

Advertisement

Video Posts

In
Solving Gender Inequality Using Blockchain S2 (Ep2): A Blockchain Solution To Close The Gap
January 22, 20210
In
Africa Digital Finance Summit 2021
January 20, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin31,929 0.22 % 2.39 % 13.21 %
Ethereum1,228.2 0.16 % 0.96 % 4.80 %
Tether1.000 0.21 % 0.07 % 0.27 %
Polkadot17.77 1.93 % 1.86 % 34.66 %
XRP0.2721 0.62 % 1.85 % 2.94 %
Cardano0.3449 0.96 % 0.46 % 13.99 %
Chainlink24.85 4.23 % 13.93 % 20.60 %
Litecoin139.05 0.65 % 0.23 % 3.35 %
Bitcoin Cash429.80 0.77 % 3.91 % 12.29 %
Binance Coin40.34 0.70 % 1.97 % 1.61 %