BingX taps Mercuryo’s crypto payment solution including Sumsub’s KYC token sharing
“What is interesting to note is that our slogans have a lot in common. BingX strives to achieve Trading Made Easy while Mercuryo Business Payments Made Easy. Working together, we can and we will make this come true.”
BingX has announced a strategic partnership with Mercuryo to enable BingX users to enjoy a seamless payment process that is faster and more secure than traditional payment methods.
The partnership allows BingX users to buy crypto via Mercuryo with a range of payment options, including Visa and Mastercard credit and debit cards, Apple Pay, and Google Pay. The purchased crypto will be credited directly to the user’s wallet immediately after payment.
KYC token sharing is another benefit of this collaboration as the team will enable regtech firm’s sumsub tokens for seamless user KYC sharing, which allows users to bypass a double verification when purchasing crypto.
Joint efforts accelerate the adoption of crypto-powered solutions
Mercuryo’s global payments infrastructure platform is accessible through single API integration for businesses from both the fiat and crypto worlds. Its products include several on- and off-ramps, Fiat Pay In-Out, BaaS (Banking-as-a-Service), and CaaS (Crypto-as-a-Service).
Elvisco Carrington, PR and Communications Director of BingX, said: “We are thrilled to be partnering with Mercuryo to offer our customers an innovative and secure payment solution. With this collaboration, we aim to simplify digital payments and provide our customers with a faster, more secure, and more convenient way to transact. What is interesting to note is that our slogans have a lot in common. BingX strives to achieve Trading Made Easy while Mercuryo Business Payments Made Easy. Working together, we can and we will make this come true.”
Petr Kozyakov, CEO of Mercuryo, commented: “We are thrilled to partner with BingX to provide customers with smooth fiat payment options. Our joint efforts will not only transform the digital payments industry, but also accelerate the adoption of crypto-powered solutions worldwide. BingX’s commitment to being an industry leader inspires us to provide first-class solutions for their team to serve customers and increase customer loyalty.”
BingX introduced zero-fee policy on crypto spot
BingX is a crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide. The firm has recently introduced a zero-fee policy on crypto spot trading, effectively allowing customers to open maker, taker, and grid robot transactions without paying spot trading fees.
By offering free trades on its platforms, BingX clients can better capitalize on small price movements in the market and unlock cost savings with more efficient trading.
BingX’s free spot trading is the latest example of how crypto platforms are offering discounts or eliminating fees to attract individual investors. This is perceived as a shot across the bow for rivals who often eat off of high costs paid by retail customers.