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BANXA Teams Up With Deribit, Leveling up Deribit’s Network -Breaking

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© Reuters. BANXA Teams Up With Deribit, Leveling up Deribit’s Network
  • BANXA Holdings Inc. is a partner with Deribit
  • Now Deribit customers have access to the Banxa Network.

The world’s first public payment service provider (PSP) and compliance RegTech platform for the digital asset industry — BANXA Holdings Inc. teams up with Deribit, an institutional-grade top 20 crypto derivatives platform. Through this partnership, Deribit customers can access the Banxa Network and enjoy the broadest range of payment options using Banxa’s secure, managed service. Luuk Strijers, CCO at Deribit explained,

Banxa is our partner, giving our customers more options for payment, which allows them to trade our derivatives products faster and easier. Our goal is to remain at the leading edge of the crypto derivatives market and opening expanded access via Banxa’s compliant and managed payment service is part of that future.

Deribit traders are also able to benefit from this partnership which offers a long-term, sustainable payment service for crypto and derivative trading. Because of their combined technology, both networks offer many unique features. Deribit integrity and quality features together with Banxas’ provision of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliant payments solutions make both networks a powerhouse in the space.

Holger Arians, Banxa CEO said, “Our integration into Deribit’s trading service allows us to give additional customers access to digital currency safely, giving a new and broader demographic of crypto traders access to quick, easy and compliant payment methods. As the industry continues to mature, Banxa’s goal is to provide the best conversions for our Network and the best user experience to their customers.

On the other hand, Banxas’ payment service provides partners with an integrated solution for on and off-ramp cash to crypto conversion. Banxa’s managed service allows partners such as Deribit to concentrate on customers while pursuing innovation in crypto.

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