Europe’s Covesting Digital Asset Exchange Introduces Fiat Payments to Trade Cryptocurrencies


Covesting is a cryptocurrency exchange registered and incorporated in Gibraltar and available for customers in Europe.

The exchange has launched its fiat payment gateway that allows customers to buy cryptocurrencies using Euro (EUR) deposits in their accounts. The release of the platform aims to push Covesting towards being the most secure, transparent and efficient crypto-fiat exchange in Europe.

Speaking on the recent unveil of their fiat gateway, the CEO and co-founder of Covesting, Dmitrij Pruglo said the move will help the traditional finance investors get into cryptocurrency investing easily.

The fiat gateway also complements the presence of multiple crypto-crypto exchanges in the market by offering a legally compliant platform to narrow the gap between traditional investing and digital assets. The CEO further said,

“Allowing retail and institutional clients to legally exchange fiat into crypto automatically gives Covesting an edge and puts us among very few exchanges who offer such a solution. We will continue to monitor the market and adapt to the new reality while offering the most demanded tools for our users.”

Covesting Fintech Company was funded by Dmitrij Pruglo in partnership with former employees, traders of Saxo Bank.

The company looks forward to developing the best crypto trading platform by incorporating the digital asset exchange, copy trading platform and now the fiat-crypto gateway to new investors in the field.

Covesting is aiming to take Europe by storm in 2019 after the successful launch of its ICO late in 2018, installation of the cryptocurrency intelligence portal and the snapping of star talent in its ranks including Kurt Carlsson and Peter Kristenson, former Saxo Bank executives.

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