The partnership between the two entities will make it easier for users to purchase cryptocurrencies with fiat currencies.
Banxa, the world’s leading on/off ramp solution for Web3, announced its partnership with AAX, the institutional-grade cryptocurrency exchange, on Wednesday.
The partnership will allow AAX customers to purchase cryptocurrencies with fiat currencies and vice versa using Banxa.
While commenting on this latest partnership, Ben Caselin, Head of Research and Strategy at AAX, said;
“Partnering with Banxa to provide more options around on-ramps and exits to crypto and bolster crypto-fiat liquidity is a crucial part of AAX’s expansion work, especially as we engage the general public and enter new market frontiers.”
Banxa said its customers could enjoy the highest conversion and lowest fees on AAX for the widest range of currencies and payment methods using credit cards and direct bank transfers in Tokyo, Korea. and in Brazil.
Currently, AAX users can use Banxa to purchase BTC, ETH, SOL, DOT, BNB, and 49 other cryptocurrencies using local fiat payment options. The fiat currencies available for cashing out cryptocurrencies include GBP, AUD, USD, and EUR.
Banxa added that its partnership with AAX can help break down barriers preventing customers from accessing crypto markets around the world.
AAX is the first cryptocurrency exchange to switch to the Satoshi Standard (SATS) to drive bitcoin adoption. Despite the current bear market, AAX remains committed to building and creating an inclusive and liberating economy.
AAX also claims to be the first exchange to be powered by LSEG technology, offering high-yield savings packages, over 200 spot pairs, deeply liquid futures markets, regular discounts on major tokens, and a range of on- and off-ramp products.
Banxa, on the other hand, is a platform that allows customers to use local fiat banking and payment options with less friction, lower fees, and better fraud protection.
Moreover, its users can quickly and securely convert fiat currency to cryptocurrencies and vice versa.