Fiat/crypto infrastructure Simplex has just joined forces with multi-asset DeFi platform Kava to offer Kava users the first "Fiat-to-DeFi" ramp, according to a press release shared with iHodl.
Simplex, which is the world's largest provider of fiat-to-crypto infrastructure, is already the provider of other fiat onramps on major crypto exchanges, including Binance and Huobi. Now, it will offer its infrastructure to one of the fastest-growing decentralized finance (DeFi) platforms with more than 250,000 users.
Ari Last, VP Business Development at Simplex, has said:
"We’re delighted about this new partnership with Kava.io which will give millions of users worldwide a simple and convenient way to purchase KAVA."
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Kava announced last month the launch of the Kava Swap platform, aimed at completing the project's suite of products.
The integration with Simplex will provide Kava the boost it needs to experience an explosive growth.