Matrixport Expands Fiat On & Off Ramp Capabilities with Cabital

September 13, 2022 - Matrixport, a digital assets financial services ecosystem, announced a partnership with Cabital, a digital assets institution.

Under the agreement, Matrixport will integrate Cabital Connect's fiat on-and-off ramp solution to its platform, enabling users to convert fiat currencies, including GBP, EUR, and CHF, to cryptocurrencies and back again.

Matrixport users are now able to optimise returns on their investment products with Cabital's exchange rates, 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.