Paxful claims its new partnership with OKEx will provide its customers with better liquidity. (Credit: CoinDesk archives)
Crypto exchange OKEx is partnering with peer-to-peer marketplace Paxful to enable new fiat on-ramps for its customers.
Paxful said in an emailed statement Monday the move would benefit its own users by providing better liquidity and ease of access. According to the statement, Paxful would work as a fiat-to-cryptocurrency ramp for OkEx and its services will allow users to buy with over 160 different national currencies, including the euro, pound sterling, Indian rupee and Thai baht.
“With this partnership, we hope to make crypto more accessible as a real-world payment method,” said Ray Youssef, CEO and co-founder of Paxful, in the statement.
According to Paxful, the partnership will also make it possible for users to access a variety of trading options on the OxEx platform including option trading on OKEx’s DEX platform.
“Through this partnership, we can reach more users in developing regions using Paxful’s existing infrastructure and payment options,” said OKEx CEO Jay Hao in the emailed statement.