Fintech
MoonPay and Raydium Announce New Partnership – FF News
Payment via MoonPay AND RadiologySolana’s leading decentralized exchange announces new partnership.
Launched in 2021, Raydium is an automated market maker platform where users can exchange and trade digital assets and provide liquidity to earn returns.
Now, for the first time, Raydium users can buy and sell cryptocurrency using all major payment methods, including debit and credit cards, Apple Pay, Google Pay, and bank transfer.
“Easier access to decentralized exchanges like Raydium is critical to the growth of our ecosystem,” said Ivan Soto-Wright, co-founder and CEO of MoonPay. “By allowing users to seamlessly integrate into DEXs, we are effectively broadening the adoption of decentralized finance and making it more accessible to newcomers.”
“MoonPay’s on- and off-ramp service makes it easier than ever for new users to get started with Raydium, Solana’s leading decentralized exchange,” said Raydium contributor 0xINFRA. “A streamlined onboarding process not only improves the user experience, but also positions Solana as the most intuitive blockchain for newcomers.”
Raydium has become a pillar of the Solana ecosystem. Since January, it has created over 275,000 new liquidity pools, bringing the total to over half a million, and in May it processed $35 billion in trading volume, an all-time high for the platform.
Raydium is currently responsible for approximately half of all trading volume on Solana.