Arkham exchange has partnered with MoonPay to integrate a fiat on- and off-ramp service into its platform to allow users to switch in and out between traditional fiat currencies and their digital counterparts.
The collaboration, announced in an X post, allows users to deposit fiat currencies, such as USD, directly into their accounts on Arkham Exchange. Once deposited, these can be used towards buying any cryptoasset currently listed on the exchange.
The infrastructure of MoonPay will be utilized to grant access to a variety of common methods of payment. These include bank transfers, credit and debit card payments, and digital means such as Apple Pay and Google Pay.
The service is live and immediately available to all users of the exchange who have completed the required KYC steps. Users may start the process now by logging into their accounts and clicking Deposit.
MoonPay is an on-ramp and off-ramp infrastructure company that was founded in 2019. It services over 500 enterprise clients, while it reports enabling more than $8 billion in aggregate volume for approximately 35 million users. Arkham said it was pleased to be working with MoonPay to accelerate its growth.
The partnership is designed to directly benefit the ongoing growth of the Arkham Exchange by eliminating the friction points connected with the financing of trading accounts.
By integrating MoonPay’s fiat onramp services, Arkham Exchange users have a range of possibilities to fund their accounts. The goal is to create an easier and faster link between fiat finance and the digital asset market.