Key highlights:
- LogX Network integrates Transak One, allowing seamless fiat-to-DeFi trading without intermediary crypto transactions.
- Transak One condenses the multi-step process into a single action, simplifying access to LogX’s decentralized trading ecosystem.
- The partnership leverages technologies like Arbitrum and Hyperlane for high-speed, gasless trading across multiple blockchains.
Partnership brings seamless fiat-to-crypto integration to LogX
LogX Network, a decentralized trading platform supported by leading investors like Sequoia Capital and Coinbase Ventures, has announced a strategic partnership with Transak. This collaboration integrates Transak One, a fiat-to-smart contract solution, into LogX’s platform, making decentralized finance (DeFi) more accessible to traders worldwide.
This integration simplifies the traditional multi-step process of acquiring cryptocurrency for smart contract interactions. For example, users typically need to purchase ETH as a gas currency, swap ETH for USDC, and then deposit USDC into their trading accounts. With Transak One, LogX users bypass this complexity, directly depositing USDC into their trading accounts via fiat payment methods, while Transak handles the necessary gas requirements for seamless transactions.
With Transak’s industry-first fiat-to-smart contract capabilities, users can onboard instantly and access our gasless, high-performance trading ecosystem. By integrating the best Web3 payments solution, we’re ensuring a smoother entry into DeFi for traders worldwide, delivering on our promise of efficiency, transparency, and scalability.
—Akshit Bordia, Co-founder of LogX Network
A transformative solution for DeFi onboarding
Transak One is the exclusive on-ramp on the LogX platform, offering a seamless entry point for retail and institutional traders. The solution supports over 180 countries, with local payment methods like Apple Pay and bank transfers, and prioritizes compliance through certifications like ISO/IEC 27001 and SOC II.
By streamlining the conversion of fiat to USDC directly within the LogX platform, Transak One creates a centralized exchange-like experience in a decentralized environment. This approach reduces barriers to DeFi adoption, providing users with a smooth and efficient trading experience.
Our partnership with LogX Network represents a milestone in simplifying DeFi onboarding. By integrating Transak One, we’re enabling seamless fiat-to-smart contract interactions. With this unique capability, users can instantly deposit USDC and access LogX’s high-performance, gasless trading ecosystem without the usual multi-step process. It will be worthwhile to see how our one-of-a-kind product will shape the industry through partners like LogX.
—Sami Start, CEO of Transak
About Transak and LogX Network
Transak provides a comprehensive Web3 payments infrastructure, enabling users to convert fiat currencies into cryptocurrencies through its on/off-ramp solutions. Supporting over 8 million users in 180 countries, Transak offers compliance-driven tools, including KYC integration and multi-region regulatory adherence.
LogX Network is a decentralized perpetuals trading platform built on the Arbitrum blockchain. The platform offers features like perpetual futures, memecoin trading, and tokenized real-world assets, all supported by gasless, high-speed trading. Leveraging technologies like Hyperlane and Avail, LogX delivers advanced trading functionalities with deep liquidity and competitive pricing.
The bottom line
The partnership between LogX Network and Transak marks a significant step toward making DeFi more user-friendly. By integrating Transak One, LogX enhances its platform with a seamless fiat-to-crypto experience, removing traditional barriers and simplifying access to decentralized markets for traders globally.
