DeFi News

Hashflow and MoonPay Partner to Simplify Crypto On-Ramps for the Growing Decentralized Exchange

Hashflow and MoonPay Partner to Simplify Crypto On-Ramps for the Growing Decentralized Exchange

Hashflow users can now purchase digital assets directly on the Hashflow Exchange using credit cards

Hashflow, a leading decentralized finance (DeFi) trading platform, announced a partnership with the leading Web3 infrastructure company, MoonPay, to integrate crypto on-ramps to the exchange. Beginning today, traders can easily purchase digital assets and start trading immediately on Hashflow using credit cards and bank transfers across 160 countries.

Hashflow recently surpassed $13 billion in total volume on the exchange, sparked in part by crossing the $1 billion trading volume threshold on Arbitrum. Through the partnership with MoonPay, the exchange now allows users to exchange fiat into digital assets on Ethereum, Arbitrum, Avalanche, Optimism, and Polygon. At launch, the integration will support ETH, USDC, USDT, DAI, and other blue chip assets. With this addition, Hashflow users now have additional onboarding options to trade with guaranteed price quotes from professional market makers without the common inefficiencies in DeFi like slippage and MEV.

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Hashflow’s CMO, Andrew Saunders, commented on today’s news, “A challenging onboarding experience has always been one of the biggest barriers for the mainstream adoption of DeFi. Getting started on decentralized exchanges still requires a myriad of steps, where users have to jump through multiple hoops between banks and centralized exchanges. By partnering with MoonPay, we are simplifying the onboarding process onto Hashflow and making DeFi more accessible to traders all around the world.”

MoonPay, who has partnered with leading exchanges, marketplaces, and brands in its effort to onboard the world to web3, provides end-to-end solutions for payments, smart contracts, and world-class design to brands with no experience in web3. Hashflow joins a list of MoonPay partners that includes Universal, Puma, FOX, Ledger, OpenSea, Magic Eden, Exodus, MetaMask, and many others.

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Bree Blazak, VP of Partnerships at MoonPay, added, “At MoonPay, our mission is to simplify the process of entering the digital asset ecosystem by allowing easy and fast transactions for users. We are thrilled to partner with Hashflow as they work to drive mainstream adoption of decentralized finance. Together, we aim to create a seamless and accessible pathway for traders worldwide, removing friction points for users across the globe.”

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[To share your insights with us, please write to sghosh@martechseries.com]

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