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EXMO Crypto Exchange and Mistertango Payment Processor Partner
Mistertango Of Europe Deep In Collaboration With EXMO To Create The Perfect Payment Processor
Everyone knows making crypto payments or withdrawals on a regular basis can be a pain in the you-know-where. The struggles with payments are why Mistertango was developed; the company is a simple to use payment processor for making deposits and withdrawals in Euros. The Concepts brand-new, this is the first company of its kind.
Users of EXMO will appreciate the new processor known as SEPA (standing for Single Euro Payment Area Transfers) - allowing for customers to manage their money on a simple to use platform quickly.
Customers receive a personal IBAN number, giving them capabilities similar to a regular bank. On the new system, users can easily withdraw money or make deposits, and even payments prepaid debit MasterCard. Goals of the company EXMO are simple, to guarantee customers have a reliable, efficient payment processor for depositing and withdrawing money. With the new system, customers will be able to your payments safely and securely. Integration should be effortless due to the platforms related to operating as a traditional financial institution.
Mistertango and EXMO's new partnership is the most recent event in the continual growth of cryptocurrency inside the European Market. EXMO is at the top of crypto-companies across seas, so watching the growth of the company is something of a wonder. By partnering together, there are hopes of a focused approach to staying within the strict set regulations, while improving the partnership's legitimacy to give power further back to the people who use the system.
Cryptocurrency is gaining mainstream acceptance; regulations are taking place in the United States and other countries. With the help of companies like EXMO and Mistertango, the creation of a smooth rollout should be easy enough. They already know how to stay within the boundaries set by any KYC and AML procedures that take place. Plus, both companies have the user at mind first, which should allow a large number of people to rest assured they can make payments when the time comes.
EXMO Exchange Launches Cashback Initiative For Cryptocurrency Traders
Irrefutably, EXMO is one of the most established exchange platforms in the cryptocurrency sector. Currently, the platform offers support for forty trading pairs, with a listing of sixteen digital and fiat currencies. Besides trading, EXMO also offers education to greenhorns who are interested in trading digital assets. In yet another revolutionary move, the exchange is inaugurating a cashback system tailored for the crypto space, known as the Cashback.
The Cashback initiative will be available to every user of the EXMO exchange, and is expected to boost the usage of this platform. The concept of cashback schemes has been gaining popularity in the digital currency sector recently. For instance, REVOLUT recently launched a virtual currency card that gives cashbacks in BTC.
Cashbacks have numerous benefits to crypto traders, including mitigation of risks since the cashback is often given in form of the original currency. Additionally, cashbacks are issued at the end of every day. This ensures that profits are accrued on a daily basis. Lastly, the cashback initiative is based on a fluctuating rater that is influenced by the volume of transactions in the exchange. Therefore, a significant portion (as much as 70%) of the profits earned by the trading platform can be issued to the investors as cashback.
How The EXMO Cashback Scheme Works
Firstly, the cashback an investor receives is dependent on the type of trading orders they make on the EXMO trading platform. There are two types- makers who set limits and provide liquidity to the exchange and takers who deal with what the market offers. The taker rate determines the commission given on the market and executed limit orders, while the maker rate influences the returns on open limit orders.
The frequency at which an investor gets cashback is proportional to their trading volume. Hence, the more orders and the larger they are, the higher the rate of receiving cashbacks. Traders can opt to double their cashbacks by setting limit orders, which are orders that are only executed once the price of the trade assets meets certain prerequisites. Unlike other loyalty programs in the crypto sphere, this cashback scheme does not obligate an investor to buy a specific token developed for this initiative.
During the launch of the EXMO Cashback program, cofounder Ivan Petuhovskii noted that the initiative would significantly reduce the risks associated with cryptocurrency trading. Specifically, he lauded the program and said that it will reduce the impact of the constant fluctuation of the value of digital assets as a result of market volatility.
It is expected that the launch of the EXMO Cashback program will increase the platform’s overall usage. Currently ranked at number ten, the EXMO platform is renowned for its multi-currency support as well as offering competitive pricing plains and trading pairs.