Liquid has partnered with Simplex to allow cryptocurrency traders to make deposits on the platform in fiat currency.

Users can make deposits using credit and debit cards.

In addition, traders can use the deposits to purchase cryptocurrencies such as Bitcoin and Ethereum.

Currently, Euro currency is available for deposits. Furthermore, support for US Dollars will roll out soon. Subsequently, other currencies will arrive on to the system.

Liquid global head of business development and sales Seth Melamed said: “We are extremely excited to be working with Simplex on this fantastic innovation to bring even more flexibility to crypto traders and holders on our Liquid platform.

“We have already raised the bar by supporting various fiat currencies. Now we can take that one step further by offering Liquid customers the freedom to make quick and easy deposits using their regular credit or debit card.”

Regulated by the Japan Financial Services Agency, Liquid is one of the largest regulated crypto-fiat platforms in the world. It is operated by Quoine and supports multiple fiat currencies such as SGD, USD, AUD, EUR and JPY.

Simplex CEO Nimrod Lehavi said: “By offering secure credit and debit card processing for crypto purchases, adoption will continue to rise, expanding the cryptocurrency space as we know it.

“Our partnership with Liquid will instantly enable thousands of global users to purchase crypto currencies through the Liquid platform in a simple, fast and secure manner.”

Earlier this month, Canadian cryptocurrency exchange Netcoins partnered with Simplex to support the purchase of cryptocurrencies with credit cards.