Cryptocurrency exchange platform, ABCC Exchange, teams up with Circle Pay, a global financial technology firm to provide users with an enhanced frictionless trading experience. Through the use of USD Coin (USDC), a stable coin that Circle is the principal developer of, ABCC users will be able to trade quickly and securely through a simple wire transfer within its platform.
Circle Pay enables businesses to harness the power of stablecoins and public blockchain for payments, commerce, and financial applications,
Headquartered in Singapore, ABCC Exchange is a digital assets platform that aims to provide a secure and seamless experience for its users. This proprietary global online platform operates as both a cryptocurrency exchange and provides over-the-counter trading services. With an aim to create a symbiotic ecosystem among users, investors, and developers, ABCC Exchange facilitates a seamless flow of information among its stakeholders.
“At ABCC Exchange, we focus on evolving our platform to cater to the needs of existing and new users,” said Alan Li, CEO, ABCC Exchange. “With more individuals looking to invest in digital assets, this partnership with Circle Pay will remove the need to rely on third-party applications, accounts, and wallets to create a seamless experience for both experienced and novice traders — placing our users first,”
With crypto trading evolving beyond being simply a hype, ABCC Exchange’s partnership with Circle Pay will remove the barrier that existing and new users face when having to transfer fiat money into and out of crypto platforms. This ease of transference will not only make crypto trading quicker and flexible across tokens and funds, but the inclusion of trading via USDC will also provide them with greater financial and operational transparency. Redeemable on a 1:1 basis against USD, Circle Pay’s USDC tokens (available as Ethereum ERC-20) allow for higher security, liquidity, and greater accessibility to ABCC Exchange’s global users.
Boasting a user-friendly interface, the integration of Circle Pay will be available for users from August 2021 onwards and will combine the innovative technology behind stablecoins and blockchain with traditional payment modes of wire transfers and card payments.
According to ABCC Exchange, it has grown in its trading capacity, with daily trading volume in the last three months has increased five times to $50 million, since it was launched in 2018. It assures users they are also protected against potential fraud through the constant upgrade of their KYC system to enhance onboarding and verification processes. The platform also offers the trading of DeFi, Web 3, and NFT tokens, as more trading pairs are being introduced in line with the launch of the ABCC 2.0 platform.