- The company’s goal is to let consumers generate passive income from their crypto.
- Cabital, which is audited annually by an external auditor.
It was revealed today that major global digital assets institution Cabital has joined forces with one of the fastest-growing crypto exchanges in the world: Bybit. Cabital is capable of producing up to 12 percent annual percentage yield (APY). The company’s goal is to let consumers generate passive income from their cryptocurrencies in a safe and secure manner.
Bank transfers in EUR or GBP and crypto between Bybit and Cabital wallets may now be done without incurring any deposit fees thanks to this new agreement between the two companies. An on-ramp that accepts fiat currency is a good starting point for anyone who wants to diversify their holdings and try their hand at crypto trading for the first time.
Off-chain Settlement Mechanism
Raymond Hsu, co-founder and CEO of Cabital said:
“Cabital believes that it should be easy to buy crypto. We are very excited about partnering with Bybit and helping their customers buy crypto in a seamless and safe fashion. With Cabital’s fiat on-ramp solution, Bybit users can now buy crypto at some of the most competitive prices in the market. We achieve this through an off-chain settlement mechanism with Bybit, allowing their users to avoid hefty gas fees. Let’s take the crazy out of crypto and help millions of more people achieve financial independence.”
The Cabital system checks a wide range of exchanges to provide complete pricing transparency. It is additionally strengthened with technology from the industry leader in crypto security and infrastructure, Fireblocks, which preserves users’ assets with best-in-class, institutional-grade protections. Compliance and licensing are at the heart of Cabital, which is audited annually by an external auditor.