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Matrixport Expands Fiat On & Off Ramp Capabilities with Cabital

The flagship partnership enables users to get their crypto in a hassle-free manner at attractive rates via bank transfers

VILNIUS, Lithuania, 13 September 2022 -– Matrixport, one of the world’s largest digital assets financial services ecosystems, today announced a partnership with Cabital, a leading digital assets institution. Under the agreement, Matrixport will integrate Cabital Connect’s comprehensive fiat on-and-off ramp solution to its platform, enabling users to convert a wide range of fiat currencies, including GBP, EUR, and CHF, to cryptocurrencies and back again instantaneously.

Matrixport users are now able to optimise returns on their investment products with Cabital's competitive exchange rates, low transaction fees, and local payment capabilities.

Kavi Saglani, SVP Marketing & Communications of Matrixport said: “Our customers now have more ways to get their crypto. The partnership with Cabital complements and expands our on-and-off ramp offerings with the same high level of convenience and user-friendly experience that our customers have come to expect. These are important attributes that are crucial in embracing the next wave of digital assets adoption.”

“As the crypto and Web3 ecosystem continues to grow, there is greater demand from partners to build a compliant-centric fiat-to-crypto on-and-off ramp that allows users to safely purchase crypto through localised payment methods,” said Raymond Hsu, Co-Founder & CEO of Cabital. “This added flexibility is another step in our mission to make crypto accessible to all, and to provide a simple, secure, and sensible user experience.”

Specifically, customers on the Matrixport platform can buy and sell crypto using local bank transfer methods via Cabital Connect. High net-worth individuals will enjoy higher transaction limits, which enables them to adapt quickly and capitalise on market changes.

For more information on how Matrixport users can get their crypto click here.

About Cabital:

Cabital is a trusted digital financial institution to buy, sell, exchange and hold cryptocurrency — enabling users to buy and sell cryptocurrencies at leading rates, while ensuring a simple, secure and sensible user experience with best-in-class compliance and risk management.

Cabital has launched a business solution called Cabital Connect, a secure fiat on-ramp and off-ramp gateway for cryptocurrency and Web3 businesses.

When cryptocurrency companies integrate with Cabital Connect, their users will have a high-quality service option to purchase top-tier cryptocurrencies at some of the most competitive rates in the industry. Leading cryptocurrency exchanges such as Bybit, and GameFi platform Yeeha Games, have integrated Cabital’s fiat on-ramp gateway.

Cabital is registered in the Republic of Lithuania as a cryptocurrency exchange operator and a cryptocurrency exchange wallet operator, and our compliance programme is modelled after leading global financial service providers.

About Matrixport:

Matrixport is one of the world's largest and most trusted digital assets financial services ecosystem and forges strategic collaborations with early stage Web3 innovators, helping them build, grow and scale. With USD4B in digital assets actively managed, it provides one-stop crypto financial services to meet the emerging needs of generating long term wealth in digital assets. The company’s services include Cactus Custody™, spot OTC, fixed income, structured products, lending as well as asset management.

In 2022, Matrixport was named by CB Insights as the 50 most promising blockchain and crypto companies in the world. With its mission to make crypto easy for everyone, Matrixport has a relentless focus on product innovation and offers a comprehensive suite of market leading crypto investment products. In 2021, the number of investors using its app increased by 427%, year-on-year, and the fintech company achieved pre-money unicorn valuation within two years after its inception.

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