Key takeaways:
- The AAX cryptocurrency exchange and digital payments provider Banxa have announced a partnership
- As a part of the partnership, AAX uses can make use of Banxa’s crypto-to-fiat and fiat-to-crypto gateways to make crypto investing more accessible
- Users can utilize Banxa on AAX on more than 50 digital assets and 4 fiat currencies
AAX users can now utilize Banxa’s crypto-to-fiat and fiat-to-crypto solutions
Leading Web3 payments gateway Banxa has announced a partnership with institutional grade digital assets trading platform AAX. As a part of the newly forged deal, AAX users can use Banxa blockchain solutions to make frictionless crypto-to-fiat and fiat-to-crypto purchases.
Banxa allows consumers to make use of local currencies and banking options, while paying less for fees and enjoying sophisticated fraud protection. Moreover, users can effortlessly and quickly exchange fiat for crypto and vice versa.
AAX’s Research and Strategy lead Ben Caselin had this to say about cooperating with Banxa:
“Partnering with Banxa to offer more options around the on and off ramps into crypto and strengthen crypto-to-fiat liquidity is a crucial part of AAX’s expansion work, especially as we engage the mainstream and enter new market frontiers.”
Using Banxa within the AAX platform lets users invest in Bitcoin and Ethereum, as well as 51 other digital currencies trading on the exchange. In addition, traders can use USD, EUR, GBP, and AUD to cash out their crypto positions.
Founded in 2018, AAX is a global cryptocurrency exchange, serving more than 2 million users in over 160 countries. Last August, AAX became the first exchange to implement the Satoshi Standard (SATS) to make Bitcoin more accessible and fulfill the exchange’s core mission of empowering an estimated 96% of people who do not yet own Bitcoin or any other crypto assets.
