Margex trading platform. Credit: Margex.

Cryptocurrency trading platform Margex has teamed up with OpenMonet to facilitate seamless and decentralised cryptocurrency payment options on its platform.

OpenMonet’s Peer-to-Peer solution enables users to buy or sell cryptos almost instantly, free from high fees, unrealistic orders, or centralised entities.

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It also allows no communication between buyers and sellers during the trading process, enhancing speed and convenience of crypto transactions.

As part of the tie-up, this P2P platform will be made available to all users directly on Margex.

This platform is said to automatically find the best available offers in over 150 fiat currencies and more than 400 payment methods, and offer them to the user, at a lower cost.

The partnership with OpenMonet’s is claimed to poise Margex as a front-runner in the area of cryptocurrency deposits and withdrawals, compared to other bitcoin-based trading platforms.

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Moreover, OpenMonet’s simplified verification process and non-invasive limits is expected to help Margex in disrupting the cryptocurrency trading industry.

The range of payment methods available on the platform, including PayPal, credit card, and wire transfers among others, bolsters its accessibility.

Margex, which was launched last month globally, provides up to 100x leverage on all its trading pairs such as Ethereum, Bitcoin,  EOS, Litecoin, Ripple, and exclusively Yearn.finance.

The platform features an MP-Shield system that utilises artificial intelligence to automatically identify irregularities in the trade feed submitted by liquidity pools, eliminating the risk of accidental liquidations.

In January this year, US-based blockchain fintech startup PAYMYNT Financial acquired cryptocurrency payments technology company LettucePay.