The new product enables registered users in the EEA to make everyday payments with their crypto holdings, and integrates seamlessly with CEX.IO App.
VILNIUS, May 02, 2024 (GLOBE NEWSWIRE) — CEX.IO, a global ecosystem working to bridge the worlds of crypto and traditional finance, announces the debut of CEX.IO Card, a debit card that empowers users to seamlessly spend their crypto assets on everyday purchases. This innovative product marks a pivotal step forward in CEX.IO’s mission to simplify crypto adoption, and bring the benefits of decentralized finance to the masses.
The CEX.IO Card seamlessly integrates into users’ existing spending habits, allowing them to effortlessly make purchases with millions of merchants who accept Mastercard, in over 150 countries. Users can fund their cards via a variety of accessible methods, including bank transfers, as well as fiat and crypto deposits. In addition, they may set ranked priorities for their preferred methods, ensuring they always have access to the funds they want and need.
“We want the crypto landscape to be welcoming to newcomers and experienced users alike,” said Oleksandr Lutskevych, Founder and CEO of CEX.IO. “That’s why we created the CEX.IO Card – our most intuitive solution yet for bridging the gap between the familiar world of traditional finance, and the exciting potential of decentralized finance.”
In addition to convenient funding methods, and the increased ease of spending crypto assets on real-world purchases, the CEX.IO Card offers additional, compelling features, including:
- Zero Fees: No issuance or maintenance fees for card holders, making it an accessible and cost-effective choice for European Economic Area (EEA)-based users.
- Security: Benefit from robust security measures, protecting the safety of funds and transactions.
- Mobile Forward: Card transactions enjoy seamless integration via the CEX.IO App.
Users of the newly-updated CEX.IO App will be able to fully weave the CEX.IO Card into their financial lives, with the ability to link and prioritize multiple crypto assets, eliminating the need for manual crypto conversions. In addition, customers can set spending limits, add their card to Apple and Google Pay, and accomplish it all wherever their smartphone takes them.
“CEX.IO was the first crypto platform to introduce credit and debit card purchases for Bitcoin, and we’re thrilled to bring this revolutionary concept full circle through the enablement of crypto-to-fiat spending,” added Lutskevych. “We’re committed to making crypto accessible to everyone, and the introduction of our card is further testament to that resolve.”
While CEX.IO Card is currently available only to EEA residents, the company has plans to expand to additional regions in the near future. To learn more about CEX.IO Card, click here.
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ABOUT CEX.IO
CEX.IO was founded in 2013 with a mission to support global financial inclusion through the adoption of cryptocurrency and blockchain technology. As one of the most tenured market participants, CEX.IO offers a comprehensive ecosystem of intuitive solutions built with safety and security at their core, enabling users to trade, store, transfer and earn digital assets. With over six million registered users globally, CEX.IO helps retail, enterprise, and institutional customers seize opportunities in decentralized finance every day. Learn more at CEX.IO or connect with us on LinkedIn.
© 2024 | CEX.IO Ltd All rights reserved. Not to be reproduced or retransmitted without permission.
CEX.IO is a trading name of, and [digital asset platform products and services] are offered by: in the U.S., CEX.IO Corp., registered with FinCEN in jurisdictions where it is licensed to operate as a Money Service Business (MSB Activities 409 499), registered office 900 E Diehl Rd STE 110, Naperville, IL 60563; In Europe, CEX.IO EU VASP, UAB is registered as the Virtual Asset Service Provider (VASP) and depository virtual currency wallets operator in the State Enterprise Centre of Registers of the Republic of Lithuania, registration number 306186479; CEX OVRS LLC, registered in St. Kitts & St. Nevis, No. L 22275, registered office Suite 1, A.L. Evelyn LTD Building, Charlestown, Nevis. CEX.IO Limited and CEX OVRS LLC are subsidiaries of CEX.IO Holding Ltd.
These materials are for informational purposes only, and are not intended to be used for trading or investment purposes or as an offer to sell or the solicitation of an offer to buy any security or financial product. These materials do not provide any form of advice (investment, tax or legal). CEX.IO is not a registered investment adviser and does not provide investment advice or recommendations to buy or sell securities, to hire any investment adviser or to pursue any investment or trading strategy.
The value of digital and virtual currencies is derived from supply and demand in the global marketplace which can rise or fall independently of any fiat or government currency.
Holding digital and virtual currencies carries exchange rate and other types of risk.
Transactions in virtual currency are irrevocable, and, accordingly, losses due to fraudulent or accidental transactions may result in the loss of your money with no recourse.
Any questions regarding this document or application of any law, rule or regulation can be referred to us via email at [compliance@cex.io].
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CONTACT: Becky Sarwate CEX.IO (773) 507-3554 R.Sarwate@CEX.IO
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