MoonPay and Raydium, the leading decentralized exchange on Solana, announce a new partnership.
Launched in 2021, Raydium is an automated market maker platform that allows users to swap and trade digital assets and provide liquidity to generate returns.
Now, for the first time, Raydium users can buy and sell cryptocurrencies 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 get started with DEXs, we are effectively expanding 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 employee 0xINFRA. “A simplified onboarding process not only improves the user experience, but also positions Solana as the most user-friendly blockchain for new entrants.”
Raydium has become a cornerstone of the Solana ecosystem. Since January, the company 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.
Currently, Raydium accounts for about half of all trading volume on Solana.
