KyberSwap Seeks To Lure New Traders With Fiat-Crypto Gateway

KyberSwap is launching a new fiat gateway in order to attract new users. According to the team, the gateway will give the decentralized exchange a significant advantage over competing platforms, such as IDEX.

The new onramp, launched in partnership with payments solution Coindirect, is expected to provide an easier experience for new traders, according to the exchange’s Head of Product, Sunny Jain. It will even appeal to traders who have never traded cryptocurrencies.

“We are the only DEX that has this functionality,” Jain said. As of today, users will be able to purchase Ether (ETH) with major currencies including USD, JPY and GBP. Coindirect will automatically convert these currencies into euros, which can then be used to purchase ETH, a KyberSwap spokesperson explained. Source...


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