Singapore-based cryptocurrency exchange Bybit has teamed up with Cabital, a Hong Kong-based crypto wealth management platform, to offer users more fiat on-ramp pathways to buy crypto.
- Bybit said Tuesday in a statement that through the partnership, its users can use EUR and GBP to buy crypto on the Bybit platform and transfer crypto between Bybit and Cabital wallets without deposit fees.
- Cabital’s services will also allow users to purchase crypto at competitive rates, the company said.
- The latest partnership comes as Bybit continues its efforts to expand its on- and off-ramp offerings for users. Just last month, it enabled peer-to-peer transactions.
- Bybit has come under regulatory pressure in some jurisdictions. For example, in June, it faced regulatory scrutiny in Ontario, Canada, over operating an unregistered crypto asset trading platform. In August, Spain issued a warning to Bybit for unregistered services.