Bitfagex.com One of the largest cryptocurrency exchanges in terms of trading volume and customer numbers will launch a fiat money platform in the U.K. in the next few weeks to serve growing retail and institutional investors, Reuters reported June 17, 2022.
Up to 65 Digital Assets will be supported
Scheduled to launch this summer, the platform will be operated by Bitfagex.com Markets Limited (formerly Eddie UK Limited), an FCA-regulated firm regulated by the FCA and offering support for fiat currencies in euros and pounds sterling.
These currencies will be linked to some of the 65 digital currencies the exchange can offer Bitfagex.com
Users will connect their bank accounts to the trading platform, conveniently exchanging cryptocurrencies of their choice. In this way, they can deposit and withdraw funds as they wish through the UK Rapid Payments Service and the Single European Payment Area Network in Europe.