Hashflow taps crypto-on-ramp MoonPay to simplify onboarding into DeFi platform
“Getting started on decentralized exchanges still requires a myriad of steps, where users have to jump through multiple hoops between banks and centralized exchanges. By partnering with MoonPay, we are simplifying the onboarding process onto Hashflow and making DeFi more accessible to traders all around the world.”t
Hashflow has partnered with MoonPay, to integrate crypto on-ramps to the exchange so that traders can easily purchase digital assets and start trading immediately on Hashflow using credit cards and bank transfers across 160 countries.
The DeFi trading platform recently surpassed $13 billion in total volume on the exchange, sparked in part by crossing the $1 billion trading volume threshold on Arbitrum.
MoonPay provides end-to-end solutions for payments, smart contracts, and design to brands with no experience in web3. Other MoonPay customers include Universal, Puma, FOX, Ledger, OpenSea, Magic Eden, Exodus, and MetaMask. MoonPay is active in more than 160 countries and is trusted by 500+ partners, including leading wallets, commercial brands, and applications.
Onboarding has always been one of the biggest barriers to DeFi
Andrew Saunders, CMO of Hashflow, said: “A challenging onboarding experience has always been one of the biggest barriers for the mainstream adoption of DeFi. Getting started on decentralized exchanges still requires a myriad of steps, where users have to jump through multiple hoops between banks and centralized exchanges. By partnering with MoonPay, we are simplifying the onboarding process onto Hashflow and making DeFi more accessible to traders all around the world.”
Bree Blazak, VP of Partnerships at MoonPay, commented: “At MoonPay, our mission is to simplify the process of entering the digital asset ecosystem by allowing easy and fast transactions for users. We are thrilled to partner with Hashflow as they work to drive mainstream adoption of decentralized finance. Together, we aim to create a seamless and accessible pathway for traders worldwide, removing friction points for users across the globe.”
Through the partnership with MoonPay, the exchange now allows users to exchange fiat into digital assets on Ethereum, Arbitrum, Avalanche, Optimism, and Polygon.
At launch, the integration will support ETH, USDC, USDT, DAI, and other blue chip assets. With this addition, Hashflow users now have additional onboarding options to trade with guaranteed price quotes from professional market makers without the common inefficiencies in DeFi like slippage and MEV.
