The Avalanche (AVAX) token is now available for purchase through on and off-ramp market leader, Simplex, via 30 different fiat currencies, including USD, EUR, GBP, KRW, JPY, TRY, CAD, etc.
AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the network through staking, and provide a basic unit of account between the multiple subnetworks created on the Avalanche platform. Users who want to purchase AVAX can now do so seamlessly and risk-free through Simplex with a debit or credit card. Simplex will initially support buying AVAX via Binance. More wallet and exchange partners will be added in the future to support AVAX.
Simplex is an EU-licensed financial institution enabling crypto businesses and users to more easily access cryptocurrencies and digital assets with fiat currencies and traditional payment methods including credit and debit cards. This collaboration will further drive mass crypto adoption, as well as global accessibility to a market that is growing by the minute. With Simplex’s Banking product, users can also open and fund an account, enabling seamless and fast local payments. Recently awarded Principal Membership of the Visa network, Simplex’s vast network of partners will be able to offer debit cards to their entire user base.
Since mainnet launch, AVAX has been added to leading venues all over the world. From Korea to Turkey to the U.S., the main priority is to enable quick, reliable access to AVAX where and when people want. The addition of Simplex accelerates progress towards this goal.