Market Analysis Report (05 Feb 2019)

Trade.io enables the purchase of BTC, ETH & other cryptocurrencies with USD & EUR

Yesterday, Hong Kong Crypto exchange trade.io has announced a partnership with payment processor Simplex, enabling clients to purchase a range of popular cryptocurrencies by credit or debit card. Clients can click here for further details.

Initially, the solution will support the purchase of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), & Bitcoin Cash (BCH) with USD or EUR. The management team of trade.io has also confirmed that more coins and currencies will be added for purchase at a later stage.

This partnership with Simplex, a leading EU-licensed payment services provider, provides a regulated and secure framework through which trade.io’s client base can easily and conveniently invest or trade in cryptocurrencies.

With this move, trade.io demonstrably provides its support to investors of traditional financial instruments who wish to access the cryptocurrency industry – an industry notorious for its high barriers of entry and complicated onboarding processes. William B. Heyn, CEO of trade.io commented:

It’s no secret that newcomers to crypto are hindered by complicated onboarding processes; we endeavor to reduce barriers and responsibly provide access to the crypto world

This introduction of fiat purchases drastically minimizes any obstacles presented to current and potential clients on the trade.io exchange, making the company a one-stop-shop for purchasing and trading crypto.

Since foundation, Simplex has worked with leading exchanges to make mainstream entry to the crypto world simpler. Our fraud-free payment processing solution provides crypto merchants with a risk-free way to accept credit and debit cards, making the payment process seamless and familiar for mainstream” said Nimrod Lehavi, CEO and Co-Founder of Simplex, adding that “doing so will make it easier for mainstream users to enter the crypto world, growing the industry and transforming the financial space.”

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