Introducing Cabital Connect, A Secure Fiat On-Ramp And Off-Ramp Solution For Cryptocurrency Firms
VILNIUS, Lithuania, February, 16th, 2022 – Cabital, a leading digital assets institution, has announced the launch of Cabital Connect, a secure fiat on-ramp and off-ramp gateway for cryptocurrency exchanges that require a simple and easy solution for their users to buy leading cryptocurrencies.
Cabital Connect is a business solution for cryptocurrency platforms that allow their users to use fiat currencies to buy and sell cryptocurrencies. When cryptocurrency companies integrate with Cabital Connect, their users will have a high-quality service option to purchase top-tier cryptocurrencies including Bitcoin, Ethereum, Tether, with great convenience and security.
“Cabital Connect’s purpose is to provide a seamless experience for people around the globe to buy and sell cryptocurrencies through our unique and secure off-chain solution between both wallets,” said Raymond Hsu, Co-Founder and Chief Executive Officer of Cabital. “Cabital Connect offers cryptocurrency exchanges a safe and compliant fiat-to-crypto gateway for their users to buy and sell cryptocurrencies.”
“As fiat on-ramp is the first step in a crypto investor’s experience, Cabital Connect offers an easy-to-use entry point for cryptocurrency exchanges looking to provide their users with another straightforward way to buy crypto. We look forward to providing many cryptocurrency exchanges with a new and exciting way of helping their users on and off ramp with fiat currencies,” said Hsu.
Cabital Connect is integrated with multiple leading cryptocurrency exchanges to provide customers with the most competitive rates in the industry. When our partners’ users buy crypto through Cabital Connect, they will not have to pay hefty gas fees because Cabital transfers the crypto from its platform to their own wallets through an off-chain settlement solution. Cabital’s off-chain settlement mechanism will save our partners’ users a lot of fees on every transaction.
Cabital’s streamlined and industry leading KYC processes allow our partners’ users to be onboarded swiftly with us, providing them with access to our interest-bearing crypto deposit products and connectivity to traditional financial institutions, while allowing you to focus on what you do best: developing innovative products and services in the fast-growing cryptocurrency space.
Cabital Connect’s on-and-off-ramp solution provides a seamless experience for converting between fiat currencies and cryptocurrencies using euro and pound sterling bank transfers. Cabital Connect will continue to incorporate major fiat currencies such as U.S. dollars, Swiss francs, and Brazilian reals into its capabilities, allowing more people across the globe to buy cryptocurrencies.
On February 8th, 2022, Cabital announced that one of the fastest growing cryptocurrency exchanges Bybit became its first client to integrate Cabital’s fiat on-ramp solution into their platform, allowing their users to use fiat to buy their crypto at some of the most affordable rates in the market.
Cabital is a trusted digital financial institution to buy, sell and earn cryptocurrency — generating up to 12% APY. The company’s purpose is to empower people to earn passive income safely and securely with their cryptocurrencies. Our main product is Cabital Earn, a cryptocurrency wealth management platform that enables customers to earn high yields on their digital assets.
Cabital’s compliance programme is modeled after leading global financial service providers. We use SumSub’s biometric identity verification solution to manage the risk of identity fraud. To provide our customers with peace of mind, all customers’ crypto assets are held with Fireblocks, one of the world’s most trusted digital asset custody, transfer and settlement platforms. We have been using Chainalysis’ KYT and Reactor products since our formation to empower us to meet applicable regulatory requirements on Anti-Money Laundering (AML) in each of our markets with ease and agility.
Cabital is registered in the Republic of Lithuania as a cryptocurrency exchange operator and a cryptocurrency exchange wallet operator. Cabital carries out its activities in accordance with Lithuanian regulations on AML/CTF, and is subject to the European Union’s General Data Protection Regulation. Cabital is audited yearly by an external auditor and places compliance and licensing at the core of its business.
Cabital was founded by Raymond Hsu in 2020. Prior to establishing Cabital, Raymond worked for over a decade, holding leadership positions in fintech companies such as Airwallex and global banks including Citibank. Cabital’s leadership team has extensive experience working in leading traditional financial institutions, including JPMorgan Chase & Co, Nomura Securities, UBS and AIA Group.
Investment community: Tina Chu, Tina.firstname.lastname@example.org
News media: Baron Laudermilk, Baron.Laudermilk@cabital.com