CoinEx and Simplex reach strategic partnership to support the purchase of cryptocurrencies using credit cards

CoinEx announced that it has reached a global strategic cooperation with Simplex. CoinEx users will be able to use VISA and Master Card credit or debit cards to purchase mainstream cryptocurrencies such as BTC, ETH, LTC, BCH, XRP, etc. on the CoinEx platform. In the future, the trading pair Support range. Using the credit card provided by Simplex to purchase cryptocurrency services, Simplex only charges a 3.5% processing fee (minimum US $ 10 for a single transaction). At the same time, Simplex also sets some restrictions. The minimum single purchase amount is $ 50, and the daily limit is USD 20,000 with a monthly limit of USD 50,000. This cooperation means the opening of CoinEx’s fiat currencies to customers in more than 100 countries around the world. However, due to policy reasons, this service is restricted by regions, and users in mainland China do not support the use of this new feature for the time being. CoinEx CEO Yang Haipo said, “Expanding the channels for users to purchase cryptocurrencies and lowering the threshold for entry into the crypto world are issues that CoinEx has been thinking about. Through this cooperation with Simplex, CoinEx is able to provide users around the world with more convenient encryption. The currency trading service will further attract more No coiner to the crypto world, which will eventually promote the prosperity of the entire crypto ecosystem. “According to block123.com, CoinEx was founded in December 2017, led by Bitmain, and is microbit ( ViaBTC), a subsidiary of the Estonian Compliance Exchange. The Group’s mining pools are the fifth largest BTC and the largest BCH mining pools in the world. CoinEx now provides derivative trading functions such as currency trading, perpetual contracts, futures trading, and options trading. It supports Chinese, English, Japanese, Korean, and Russian languages, and serves customers in nearly 100 countries and regions around the world.