Covesting, a cryptocurrency exchange and trading platform, announced on Monday it has introduced the first stage of its fiat gateway and cryptocurrency converter. According to Covesting, EUR deposits through wire transfer are now available, with additional options for fiat deposits/withdrawals as well as the buying and selling of cryptocurrencies will be released in stages over the coming weeks.
While sharing details about the features, Covesting’s Founder and CEO, Dmitrij Pruglo, stated:
“The launch of a fiat gateway is yet another step towards our ultimate goal of being the most complete, secure and transparent cryptocurrency platform in the industry. Allowing retail and institutional clients to legally exchange fiat into crypto automatically gives Covesting an edge and puts us among very few exchanges who offer such a solution. There are hundreds or maybe even thousands of crypto-crypto exchanges out there, but few who offer a legally compliant bridge between crypto and the traditional world of finance. We will continue to monitor the market and adapt to the new reality while offering the most demanded tools for our users.”
Founded in 2017, Covesting is described as a cryptocurrency exchange and a trading platform that offers a complete and secure infrastructure for investors and traders