Bybit enlarges its presence Japan and Korea and announces new fiat payment modes

Cryptocurrency derivatives exchange Bybit has topped up its assets with the Japanese yen and South Korean won aiming to expand its presence in Asian markets.

In a recent announcement, Bybit mentioned that the adding of these two fiat payment option will add supporting currencies to 43.

Bybit has launched fiat payments in June, by thus permitting traders to buy Bitcoin (BTC) and Ether (ETH) via 20 different fiat currencies.

After the latest update BTC, ETH, and USDT can be converted to/from 43 fiat currencies.

Exchange users can buy crypto via bank transfer or via Visa or Mastercard credit and debit cards. The exchange provides the option of cash deposits but it depends upon the regions.

Since June this year, traders have bought crypto for the sum exceeding 13 million USD via fiat gateway. The most popular crypto has been BTC, while the most popular fiat is euro.

According to exchange representatives statement, the exchange is working with three payment gateway providers — Banxa, Xanpool and Moonpay. The list of payment providers is planned to be enlarged.

Though the exchange has some specific trait as well users can’t exchange crypto funds into fiat with further withdrawal to bank accounts, but such option is planned to be added in future.

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