Transak and Vertex Protocol Partner to Simplify Crypto Onboarding on DEXs
Transak is thrilled to announce a partnership with Vertex Protocol, a decentralized exchange replete with a trading engine built on Arbitrum. Through this partnership, the process of crypto acquisition-to-trading is enriched for all concerned users.
Decentralized exchanges, while offering unparalleled security and autonomy, often grapple with complexities that can deter new and existing users.
Vertex Protocol is a decentralized exchange (DEX) protocol offering a range of services including spot trading, perpetual contracts, and an integrated money market. Often, users cannot begin using any of the services that platforms like Vertex offer unless they already hold cryptocurrencies.
By integrating Transak, Vertex users can buy Arbitrum-native USDC using fiat currency (USD, EUR, etc) right within the Vertex app and begin trading.
“Accessibility has remained a pressing challenge for most users who want to engage in a truly decentralized trading experience. Vertex Protocol provides the necessary toolset for such users, while Transak opens the door to using these tools with the help of in-app fiat-to-crypto conversions,” said Yeshu Agarwal, CTO of Transak.
For those new to trading, this integration is a game-changer. Vertex Protocol users can now top up their wallets and get ready for trading in just 30 seconds, thanks to Transak’s Lite KYC feature. This quick and easy process bypasses the need for extensive document-based ID verification, making the entry into crypto trading smoother than ever.
Existing Transak users, with a user base of over 4.5 million, will find the transition to trading on Vertex Protocol seamless. With no need to undergo the KYC process again, KYC-ed users can immediately start trading. For more seasoned traders, the Enhanced KYC option allows for high-volume transactions, up to $75,000 in a single purchase.
“The integration with Transak not only enhances our platform’s accessibility but also aligns perfectly with our mission to offer a user-friendly trading environment. This collaboration is a stride towards making crypto trading more approachable and efficient for everyone,” said Darius Tabatabai, co-founder of Vertex Protocol
This partnership represents a leap forward in the world of decentralized trading. By combining Transak's streamlined fiat-to-crypto gateway with Vertex Protocol’s advanced trading features, we're making the crypto trading journey more accessible, efficient, and enjoyable.
About Transak
Transak is a global web3 payment and onboarding infrastructure provider, facilitating seamless transitions between traditional finance and crypto assets. Web3 platforms using Transak can embed the best way to onboard users by enabling them to buy or sell crypto assets from 160+ countries, as Transak abstracts away the complexity of user KYC, risk monitoring, compliance, payment methods and customer support.
Transak’s product suite includes robust fiat-to-crypto services (On/Off-Ramps), a fiat-to-smart-contract solution (Transak One), and a fiat-to-NFT checkout solution. As a regulated, non-custodial payments layer, Transak supports onboarding to 170+ crypto assets across 75+ blockchains. Trusted by over 350+ applications, including MetaMask and Coinbase Wallet, Transak is making web3 applications more accessible.
About Vertex
Vertex Protocol was established by a team of traders and engineers with a track record of business building in both TradFi and DeFi markets. They saw the latent market need for users to interact with DeFi in a more flexible way and decided to leverage the growing ecosystem on the Arbitrum blockchain to bring a trading protocol to market. Today, they are excited to be at the forefront of smart contract and market innovation for Arbitrum and to help partner with some of the most exciting names in crypto to build a DeFi protocol that works for all users.
To learn more about Vertex Protocol, please visit www.vertexprotocol.com and/or go to the following:
- Discord community: https://discord.gg/xRdut3NyG3
- Twitter: https://twitter.com/vertex_protocol
- Public docs: https://vertex-protocol.gitbook.io/vertex-protocol/getting-started/vertex-overview
For more information, visit transak.com or follow on twitter.com/transak.
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