Binance exchange partner Simplex rolls out Tether to euro offramp
Over 200 firms in Simplex’s network can enable euro cashouts from Tether. Simplex, a major crypto-to-fiat payments provider, is adding another fiat offramp to enable its partner exchanges like Binance and Huob to sell major stablecoin Tether (USDT) to the euro.According to an Oct. 29 announcement, Simplex has rolled out new Tether (USDT) offramps across its partner network including major exchanges like Binance, OKEx and Huobi.A Simplex representative told Cointelegraph that the latest development marks the first time when the sell option is enabled for Tether on Simplex, stating:“USDT has....
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The integration with Simplex will provide DOT users another route from fiat into crypto. Fiat-to-crypto onramp provider Simplex will now support Polkadot in its network of crypto exchanges, wallets, and brokers.In an announcement today, Simplex said its integration of Polkadot (DOT) would allow crypto users to purchase the token with a credit or debit card, Apple Pay, or bank transfer. The financial institution is aiming for “mass cryptocurrency acquisition and adoption,” saying that the addition of DOT to its list of supported digital assets would bring it closer to this goal.Simplex....