Banxa and BitMart partner for seamless Fiat-to-Crypto Onboarding

by Arthur · March 22, 2023

Integration to promote global cryptocurrency adoption in fast-growing markets

TORONTO, March 22, 2023–(BUSINESS WIRE)–BANXA Holdings Inc. (TSXV:BNXA) (OTCQX:BNXAF) (FSE:AC00) (“Banxa” or the “Company”), the leading on-and-off ramp solution for Web3 , today announced a strategic partnership with BitMart, the premier global digital asset exchange, which will unlock fiat-to-crypto on-and-off ramping and further promote cryptocurrency adoption in key markets such as Asia-Pacific (APAC) and Latin America (LATAM).

BitMart’s user-friendly platform is well suited for traders of all levels, from beginners to experienced users. Coinciding with BitMart’s fifth anniversary, this integration furthers the exchange’s mission to expand its global operations. The alliance is an example of both companies’ commitment to meeting the growing need for a frictionless experience for trading digital assets.

“As we strengthen our position as the leading on-and-off ramp in the space, partnering with BitMart allows us to offer their users a comprehensive network of global and local payment options,” said Holger Arians, CEO of Banxa. “We look forward to working with BitMart to ensure that cryptocurrency trading is seamless and secure for users worldwide and from all backgrounds.”

The key benefits of the partnership include:

Expanded Global Footprint: Banxa will provide BitMart users with more on-and-off ramp options in APAC and LATAM, on top of Banxa’s extensive global coverage such as PayID, POLi, ACH in the US, SEPA in Europe and many more. This capability serves the exchange’s global expansion efforts to further meet customers’ needs in their respective local markets.
Local payments: Banxa will help BitMart integrate global users with an extensive network of local payment solutions, designed to increase crypto adoption worldwide and result in conversion rates up to three times higher than credit card solutions.
Higher conversions + lower fees: Banxa’s ability to provide access to local markets – with its licenses and registrations as well as alternative payment methods – leads to higher conversion rates and reduced fees for users.

“As the demand for crypto continues to grow, our users around the world need to be able to transact seamlessly with their preferred local payment methods,” said Sheldon Xia, founder and CEO of BitMart. “With an extensive network of compatible local payment solutions, Banxa facilitates a smooth and easy experience for our users. We are confident that this integration will open the door for key customer segments to explore the crypto ecosystem.”

To celebrate the launch of the partnership, there is an introductory offer of 0% gateway fees for major supported currencies on credit cards, including Apple Pay and Google Pay until 31 March 2023 on purchases with Banxa.

About BANXA Holdings Inc.

Banxa’s mission is to accelerate the world to Web3 with its leading global on-ramp solution. Through its extensive network of local payment solutions together with the necessary crypto licenses, Banxa gives its partners and projects access to global audiences with less friction and higher conversions. Banxa has a global team of Web3 natives – headquartered in the US, Europe and APAC regions.

For more information go to www.banxa.com.

About BitMart

BitMart is the premier global trading platform for digital assets. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1000+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for updates, news and promotions. Be sure to download the BitMart app to easily trade your favorite crypto anytime, anywhere.

See the source version at businesswire.com: https://www.businesswire.com/news/home/20230315005251/en/

Contacts

Media:

Banxa PR
Ethan Lyle
[email protected]

BitMart PR
Nicholas Hoog
[email protected]