Bingbon Expands Fiat Capability with MoonPay Partnership

Bingbon has further extended the range of fiat currencies available for use on its exchange after partnering with MoonPay. As an international provider of secure fiat-to-crypto transfers, MoonPay’s alliance with Bingbon opens the exchange up to a wider user base and increases the effectiveness of its fiat onramps.

Bingbon Meets MoonPay

Bingbon’s Product Lead, Daly Young, said the partnership fulfills one of the exchange’s long-term aims of opening up multiple payment options for its users. Young said:

“We are happy to have established business relationships with MoonPay. Having our users being able to access multiple payment options has been on our waiting list for a while. This partnership with MoonPay allows us to do so hassle-free. As a result, we are also able to supply our customers with more value for their crypto. This collaborative effort also signifies new beginnings for both parties and brings Bingbon another step closer to becoming a global enterprise.”

The selection of fiat payment options offered up by MoonPay includes Visa, Mastercard, Apple Pay, Faster Payments, and Sepa, meaning Bingbon users now have several more routes mapped out when on-ramping from fiat to crypto.

The partnership also bodes well for Bingbon’s future, after the platform announced intentions to expand its operations into new global regions. It’s anticipated that the trading platform will seek to bolster its presence in the Asian market before entering new continents and countries. Bingbon’s goal of better serving an international user base is also strengthened by MoonPay’s 24/7 customer support across eight different languages.

Bingbon’s Expansion

Historically, fiat-to-crypto on-ramps were difficult to find. So much so that one of the most common questions found on cryptocurrency social media channels is still “How do I buy crypto?” MoonPay, which was founded in 2018 and has since spread to over 60 countries worldwide, goes some way towards maximizing the choice available to traders when they learn the answer to that question.

Bingbon will be hoping the new selection of on-ramping options will expand its customer base, and could perhaps see a new influx into its demo trading and copy trading features. Any new entrants to the world of cryptocurrency trading typically find themselves at a disadvantage, however, with demo trading, they can essentially gain practice without having to lose their own money in the process. 

Likewise, Bingbon’s copy trading feature further attempts to level the playing field when it comes to the experience and skill-level of new traders by allowing novices to emulate the trades executed by professionals.

Bingbon was founded in 2018 and currently offers a wide range of trading options to its users, including the ability to swap cryptocurrencies, global indices, forex, and commodities for long and short positions.

The trading platform’s latest efforts in expanding the scope of its operations follows another recent partnership with SlowMist, a blockchain security firm. The security company immediately launched a security vulnerability and threat intelligence bounty program. Other responsibilities include security auditing and “security monitoring bug bounty services.”

“Bingbon values safety and is fully aware that having a strong security ecosystem for crypto trading is imperative for our clients hence why we are fully on board with this partnership,” said Daly Young.

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