Visa and Mastercard now available for crypto on ApolloX users via Banxa
ApolloX was launched in 2021 to offer the DEX and derivatives trading markets a sophisticated non-custodial trading experience.
ApolloX has partnered with crypto-focused payment service provider (PSP) and regtech firm, Banxa, in order to allow its users to purchase crypto via Visa or Mastercard credit and debit cards.
This is a major milestone for the CEX-DEX hybrid crypto derivatives exchange as it takes one more step into furthering its global mission of making crypto and blockchain accessible to everyone.
The fiat gateway improves the capabilities of fiat-to-crypto conversion at ApolloX, starting with over 20 fiat currencies including USD, EUR, and AUD that can now be converted into USDT, BUSD and ETH.
Banxa will integrate with ApolloX’s centralized (CEX) and decentralized exchange (DEX) as two separate entities. It is the first to launch the DEX model with ApolloX.
Democratization of crypto
ApolloX Captain, Founder of ApolloX, said: “We are excited to partner with Banxa as we share the same mission of making blockchain and crypto accessible to everyone. This partnership will equip our users with on-ramp solutions, an easy-to-use fiat payment platform and provide access to a wide variety of digital assets and blockchains that cater to many of our users around the globe.”
Jan Hartmann, Strategy at Banxa Labs, commented: “The crypto market continues to evolve each day, and we are always looking for ways to break down complex barriers for our users. We are delighted to announce our partnership with ApolloX and create greater opportunities for users worldwide as we work together to offer innovative solutions for the crypto ecosystem.”
ApolloX was launched in 2021 to offer the DEX and derivatives trading markets a sophisticated non-custodial trading experience.
Boasting centralized and decentralized exchanges, ApolloX features native tokens, ApolloX Rockets NFTs, crypto, and education channels.
AEX tapped Banxa for better fiat-crypto conversion
In October, AEX Global integrated with Banxa and Xanpool payment platforms, adding 22 new fiat currency access channels. The move aimed to provide a safer and smoother fiat currency exchange experience on AEX for users in Europe, Asia, North America and Oceania markets.
Banxa and Xanpool are third-party custodian platforms for fiat currency and digital assets serving institutional-level customers and qualified investors.
AEX provides access to the cryptocurrency market through several fiat currencies, including USD, AUD, CAD, CZK, DKK, EUR, GBP, HKD, NOK, PLN, RUB, SEK, TRY, SGD, THB, PHP, INR, IDR, VND, MYR, AUD, and NZD.
Spot trading, flexible savings, DeFi mining, are several ways AEX Global allows users to participate in the wider crypto space. Investors can use various national sovereign currencies to buy crypto assets.
AEX has been granted MSB licenses for crypto assets in several countries and opened the corresponding fiat currency channels to facilitate access to crypto assets as fiat remains the core area of asset alignment between the crypto world and the traditional financial world.
AEX offers multiple payment methods, such as Visa, Mastercard, Apple Pay, Google Pay, and Bank Transfer. Laying out fiat channels in multiple countries has allowed AEX to reach more than 90% of the global population, according to the firm.
