- Crypto exchange Bibox has partnered with payment solutions provider Nuvei.
- The partnership will enable exchange users to easily purchase crypto using mainstream options.
- Bibox has over 20 million registered accounts on its trading platform.
AI-integrated cryptocurrency exchange Bibox has announced its partnership with payment solution Nuvei. According to a representative, the partnership aims to streamline user access to over 145 cryptocurrencies.
When asked by CoinQuora for more details, the partners said that they will provide a “unified trading experience” via Simplex, a payment solution acquired by Nuvei last year. Specifically, Bibox customers will be able to purchase cryptocurrencies using debit and credit cards, as well as other transfer options like Apple (NASDAQ:) Pay, SEPA, or SWIFT.
The partnership encouraged crypto traders and investors to use the platform, assuring full chargeback and fraud protection. Given that Bibox has more than 20 million registered users from different countries, both companies deemed the partnership as inevitable.
Bibox also said that its partnership with Nuvei will help onboard more users due to its unique features. For instance, the exchange uses Artificial Intelligence (AI) to analyze new token listings in real-time and gauge a project’s feasibility.
Like other leading exchanges, Bibox also offers bot trading, coin-margined futures, leveraged trading, and more.
On the other hand, the ongoing collaboration now adds to Nuvei’s growing partner network, which includes brands like Gucci, New Balance, and Riot Games, as well as other cryptocurrency exchanges like FTX and Crypto.com.
In other news, the crypto market has suffered an almost-overnight dump, causing major cryptocurrencies to retreat to strategic support levels. Overall, the crypto market has a market valuation of $1.59 trillion.