Top-rated cryptocurrency exchange Bitget revealed it would begin to offer fiat deposit services to make crypto trading easier and straightforward for users. Hence it is seeking to bridge the gap between traditional and digital finance following the new launch of the SEPA/FPS channels.
In an official press release, Bitget, a leading cryptocurrency trading company focused on social trading, has announced the launch of SEPA/FPS channels on its platform.
With the new development, Bitget has rolled out zero-fee EUR and GBP deposit features to enable users to exchange the currencies with crypto assets supported on the platform. Hence, users of Bitget can now easily deposit fiat currency to start trading crypto assets seamlessly in this competitive landscape.
Users can save costs while trading with the newly integrated deposit rails as it comes with 0% fees. While Bitget continues to attract new users with its new features, the platform will retain its prominent position in the crypto market.
Moreso, the development promises easier access for users to fund their accounts and gain exposure to the cryptocurrency ecosystem through its instant SEPA payment functionality.
Apparently, this marks a major milestone for Bitget, and it reflects the exchange’s commitment to providing a secure and stable bridge between traditional and digital finance. The company believes that enabling fiat currency support will enhance the overall user experience and improve market accessibility. In return, it will pave the way for broader crypto mass adoption.
Bitget further revealed it would introduce six fiat trading pairs after incorporating the new SEPA/FPS channels. The fiat trading pairs include USDT/GBP, BTC/GBP, ETH/GBP, USDT/EUR, BTC/EUR, and ETH/EUR.
Per the announcement, Bitget will make the fiat deposit rail available from January 18, 2023, at 6 PM (UTC+8). Also, it disclosed that the withdrawal functionality would be going live on January 20, 2023, at 6 PM (UTC+8).