SINGAPORE - Media OutReach - 8 February 2022 - Bybit, one of the world's fastest growing cryptocurrency exchanges, announced its partnership with leading global digital assets institution Cabital today.
Through this partnership, Bybit users can buy crypto using EUR and GBP seamlessly and directly on the Bybit platform via bank transfers, and transfer crypto between their Bybit and Cabital wallets with no deposit fees required. As a fiat on-ramp is the first step in a crypto trader's experience, this offers an entry point to users looking to expand their portfolios and venture into crypto trading.
Additionally, Cabital's system scans numerous exchanges to provide users with the best rates for full price transparency. It is also fortified with technologies from the market leader in crypto security and infrastructure, Fireblocks, which safeguards users' funds with best-in-class, institutional grade protections.
"Cabital's goals of creating an innovative and reliable crypto experience are aligned with ours to bring forth next level trading to our users and elevate their experience," said Ben Zhou, co-founder and CEO of Bybit. "We at Bybit are thrilled to embark on this new partnership with Cabital, and look forward to empowering folks from all walks of life in realizing their financial goals through crypto. Let's revolutionize the industry together."
"Cabital believes that it should be easy to buy crypto," said Raymond Hsu, co-founder and CEO of Cabital. "We are very excited about partnering with Bybit and helping their customers buy crypto in a seamless and safe fashion. With Cabital's fiat on-ramp solution, Bybit users can now buy crypto at some of the most competitive prices in the market. We achieve this through an off-chain settlement mechanism with Bybit, allowing their users to avoid hefty gas fees. Let's take the crazy out of crypto and help millions of more people achieve financial independence."