Woo X, a centralized crypto futures and spot trading platform, has partnered up with U.S. cryptocurrency trading and fiat on-ramp service provider Legend Trading in a Monday press release.
The partnership will allow users on the former platform to take advantage of the latter company’s technology to convert their fiat currencies into digital assets, without breaking their banks with high service fees.
According to the announcement, the new development will give way to ‘a seamless, efficient, and cost-effective pathway’ for users to convert their traditional currencies to digital finance thereby reaffirming Woo X’s goal to make it easier for new users trying to get into the crypto space as well as existing cryptocurrency enthusiasts and traders.
With the recent collaboration in place, Woo X claims that customers using its platform will gain access to Legend Trading services without going through extensive sign up processes. The shortened signing-in procedure into Legend Trading is attributed to the fact that Woo X will relay information already provided by customers to the fiat on-ramp service provider when conducting its KYC (Know Your Customer) processes instead of customers filling out another set of information.
Concerning the new partnership, Willy Chuang, COO of WOO X said,“By joining forces with Legend Trading, WOO X is not only expanding its service offerings but also reinforcing its position as a forward-thinking platform that prioritizes ease of use, security, and privacy for our users.”
He continued, “We are excited about the possibilities this partnership brings and remain committed to innovating and improving our platform to meet and exceed the expectations of our users around the world.”
Woo X Previous Partnership
In the light of providing an easier transition from traditional assets to digital assets, Woo X recently partnered with London-based enterprise-grade treasury management platform, OpenTrade, to launch a new product known as RWA Earn Vaults. The new product creates exposure to a tokenized version of traditional, high-quality financial assets like the U.S. Treasury Bills.
In a similar development, Ripple with its native currency XRP partnered with Elon Musk, the CEO of the social media platform X, to produce a new token on its blockchain.
