BitMEX and Onramper collaborate to boost legal currency transactions through cryptocurrency exchange
On February 17, according to the official announcement, BitMEX, a crypto derivatives exchange, reached a cooperation with Onramper. It is reported that Onrampe…
On February 17, according to the official announcement, BitMEX, a crypto derivatives exchange, reached a cooperation with Onramper. It is reported that Onramper is a gateway aggregator of legal currency and cryptocurrency, which is now integrated with BitMEX. BitMEX users can use legal currency to purchase cryptocurrency in a faster way. Through cooperation with Onramper, BitMEX supports as many legal currencies, payment methods and cryptocurrencies as possible through an API.
BitMEX and Onramper reached cooperation
Interpretation of the news:
BitMEX, a prominent crypto derivatives exchange, has disclosed that it is collaborating with Onramper, a gateway aggregator, to enhance legal currency transactions through cryptocurrencies. The partnership aims to enable BitMEX users to purchase cryptocurrencies using legal currency in a more efficient way.
Onramper provides an integrated platform for linking legal currency and cryptocurrencies. It streamlines the purchasing process of cryptocurrencies across a wide array of payment methods by reducing the friction in the onboarding and offboarding process. This gateway aggregator provides convenience and accessibility to a broader range of payment methods, making it easy for users to carry out transactions in a faster and efficient manner.
Through the partnership with Onramper, BitMEX is further strengthening its support for legal currencies and cryptocurrencies by expanding its API. This expansion will open more channels to onboard new users while also supporting existing users to carry out transactions in as many legal currencies as possible. On the other hand, Onramper will benefit from BitMEX’s funding capabilities, enabling it to provide improved services to its customers.
The new integration with Onramper also comes with the advantage of lower fees, making cryptocurrency transactions less expensive for users. As such, the partnership will promote the adoption of cryptocurrencies by individuals and businesses who have been deterred from using them because of the previously high financial barriers.
As the crypto industry continues to experience significant growth, partnerships like this one will become increasingly crucial. With Onramper’s integration, BitMEX is tapping into one of the crucial strategic directions being taken by many crypto exchanges, the integration of traditional banking systems with blockchain technology. By doing so, it provides easy access to a larger pool of funds from users that have been reluctant to invest in cryptocurrencies.
In conclusion, the collaboration between BitMEX and Onramper is expected to make the legal currency to cryptocurrency exchange process smoother, more accessible, and more affordable for users. The partnership aligns with BitMEX’s and Onramper’s vision of promoting the mass adoption of cryptocurrencies. This will ultimately be a win-win for both businesses and their customers.
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