Wirex 3.0 Offers OTC Fees for Crypto Trades, Expands to Fiat and Rolls Out to Asian-Pacific Market

On Thursday, Feb 28, Wirex company released its v.3.0. It has several new features for customer accounts on Wirex Business. Since Wirex is a fintech firm that does its best to connect the traditional world of finance with the one based on DLT and crypto, it works with both crypto and traditional financial assets.

Bringing together the old and new financial systems

Now Wirex has added an option of conventional bank transfers through SWIFT, SEPA and Faster Payments. Besides, Wirex is planning to expand into the APAC region to enter new markets.

This will allow Wirex clients to take out their crypto and place it into a bank account in a fast and easy manner. The firm also promises that this way will be cost-efficient, with a user-friendly mechanism.

To do that, traders can first change their digital coins for a fiat currency, paying an OTC rate, and then transfer them to an outside bank account. However, this particular option is available only for institutional traders.

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Other new features

Apart from OTC rates for crypto and interbank rates for traditional currencies, Wirex 3.0 has now added around ten fiat currencies in the EEA to expand their customers’ possibilities for trading crypto for fiat and vice versa.

The platform has also added eight new crypto tokens, including WAVES, DAI, XRP, Nano and BTC.

Wirex Business has also been launched. The company claims this platform is the first to allow companies to make crypto transactions using the legal name of their entities on a global scale.