Crypto Exchange Bybit Launches a Fiat Gateway Supporting Over 20 Currencies

Cryptocurrency exchange ByBit now lets its users exchange over 20 fiat currencies for cryptocurrency.

According to an announcement shared with Cointelegraph on June 22, ByBit users can trade their U.S. dollars, Australian dollars, Canadian dollars, euros, Singapore dollars, British pounds sterling and many others for crypto of their choice. ByBit CEO Ben Zhou said that it was two partnerships that came together to make it possible:

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

At the same time, ByBit users are eligible for a $10 bonus in Bitcoin (BTC) for every $100 of Bitcoin or Ether (ETH) that they purchase — the offer maxes out at $50 and is in effect until July 22.

Jeffery Liu is CEO of XanPool, one of the two payment partners. He noted that his company plans to expand its collaboration with ByBit into other business arenas in the future, but declined to reveal any details.

Banxa, the other, previously scored a partnership with major crypto exchange Binance earlier this year. In January, Binance started using Banxa’s fiat-to-crypto onramp to accept Australian dollars and Thai baht.