Leading crypto exchange Bitget introduces the first batch of on-ramp fiat trading pairs for spot traders.  The new solution provides users with the option of spot trading cryptocurrency directly with fiat currency, therefore, lowering the reliance on stablecoins and OTC services. This is the first time the platform offers on-ramp trading solutions.

The first batch of on-ramp fiat trading pairs on Bitget includes USDT/BRL, ETH/BRL, and BTC/BRL for spot trading. The initiative will first run in Latin American countries where the adoption rate of crypto is highest amongst the general public and also an important market for Bitget’s global expansion. The local on-ramp solution is connected to the local government payment system, Pix, and runs alongside the off-ramp solutions we are currently providing globally, such as P2P trading and fiat payment gateways.

The team is looking to roll out more fiat currency trading pairs on the platform, so users worldwide will be able to deposit and trade cryptocurrency with fiat directly on Bitget with high liquidity and security.

Gracy Chen, Managing Director of Bitget, says, “As a leading cryptocurrency exchange, we are committed to being a sustainable and secure bridge between traditional and blockchain finance. Enabling fiat trading pairs is one of our significant milestones this year. To create accessible gateways to serve the international communities, we will be working hand-in-hand with top-notch and recognised payment solution providers to be compliant in linking local economies, businesses, and marketplaces with digital assets. We hope this will bring a better experience and easier accessibility to more users, which is crucial for crypto mass adoption.”

About Bitget

Bitget, established in 2018, is the world’s top five leading cryptocurrency exchange with innovative products and social trading services as its key features, currently serving over 8 million users in more than 100 countries around the world. The exchange is committed to providing one-stop and secure trading solutions to users and aims to increase crypto adoption by collaborations with creditable partners, including Argentinian legendary footballer Lionel Messi, Italian leading football team Juventus, PGL Major’s official esports crypto partner, and the leading esports organization Team Spirit.

For media queries, please contact:

sylvia.huang.yq@bitget.com
rachel.cheung@bitget.com

This press release was originally published on this site

You May Also Like

W Chain Unveils W Swap and WAVE: Transforming DeFi with Unprecedented Yield and Performance

 W Chain, a leading innovator in blockchain-powered financial infrastructure, has officially launched W Swap,…

Metacade presale passes $2 million – only $690k remaining before it sells out

London, United Kingdom, 10th January, 2023, Chainwire   Metacade has exceeded expectations…

The Philippines Chooses Venom for Groundbreaking National Blockchain Initiative

Manilla, Philippines, 1st August 2024, Chainwire

Trendin Revolutionizes Crypto Space with AI-Conceived Token and Intelligent Bot – V2 Launches Next Week

Trendin, a groundbreaking crypto project, is set to reshape the cryptocurrency landscape…
Kitsumon Launch Breeding Testnet & Potion Sale

Kitsumon Launch Breeding Testnet & Potion Sale

London, United Kingdom, 14th June, 2022, Chainwire Kitsumon has today announced the…

AI Project TradeGDT soars in popularity, hits 10% of Bybit Derivatives Trading Volume in 4 Hours

Singapore, Singapore, May 23rd, 2023, Chainwire   Generative AI can create new…
CryptoHeap

Is it possible to make money on crypto staking in 2024?

In the modern world, cryptocurrencies and blockchain technologies are becoming increasingly popular,…

ARKMining Unveils Free Cloud Mining Service, Paving the Way for Seamless Crypto Investment in 2024.

ARKMining, a prominent player in the cloud mining industry, has unveiled groundbreaking…

How to Profit From Crypto Trades – Without Trading

Afraid participating in uncertain markets with high volatility? You just want to…

Ethereum and Solana Disrupt Venture Capital With Coinbase-Backed DAODAO

Los Angeles, CA, 12th October, 2022, Chainwire   Takeaways: DeSo, a new…