TradFi goes crypto: Finance giant brings decades of experience to new crypto exchange
The crypto world is volatile, with users steadily seeking a sense of trust and security. Now, a traditional finance giant, MultiBank Group, wants to change the global perception of crypto for the better with its know-how and expertise spanning over two decades.
It’s hard to claim that the crypto world is known for its stability or reliability. However, trust in the market experienced a new low when FTX, a top United States-based exchange, went down in flames with smoke surrounding the remaining centralized exchanges. Trust and security have become the most sought-after commodities in the space.
A whole year has passed since what’s called the “crypto’s Lehman Brothers moment.” This period of increased concern about the state of the cryptocurrency market has coincided with heightened regulatory scrutiny. Consequently, many regions have suspended multiple fiat withdrawal options, causing deposit, withdrawal and trading fees to skyrocket.
Users want to see a robust and trusted market with better fees and fiat on-ramp options, and the crypto space needs a change to achieve that. MultiBank.io, a crypto exchange regulated by the Australian Securities and Investment Commission (ASIC) and audited by Australian Transaction Reports and Analysis Centre (AUSTRAC), aims to reintroduce trust and reliability to the crypto market. It does so by implementing the same best practices that have maintained its parent company, The MultiBank Group, with an untarnished record in the traditional finance sector since 2005.
Source: MultiBank.io
Launched in 2022, MultiBank.io supports over 40 crypto and fiat trading pairs with robust liquidity, including euro (EUR), dollar (USD) and dirham (AED). Charging no fee for fiat or crypto deposits, the
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