London-based fintech Ramp Network, which focuses on crypto payments infrastructure, is making a key move into the US market. Starting today, the platform offers users in all 50 states access to purchasing services for cryptocurrencies. Increased coverage by ramping up will henceforth enable seamless access and trading of Bitcoin, Ethereum, and other highly popular virtual assets across the country.
Serving Over 100 Million Americans
The latest milestone is Ramp extending its services to 17 more U.S. states, including some of the more complex regulatory markets, such as New York. With this, Ramp now covers all of the U.S., potentially opening up the company to over 100 million new users.
For Szymon Sypniewicz, CEO and co-founder of Ramp Network, the move places it in an excellent position to further cement its status as a key player in the fast-growing American crypto market. Sypniewicz said:
“This expansion allows us to serve all Americans but also allows hundreds of our partners to onboard over 100 million people in the now available states. We are very excited to provide across-the-nation access and look forward to welcoming new users on our platform.”
The Growing Crypto Market in the U.S.
The expansion comes as the popularity of cryptocurrency in the U.S. continues to surge. According to a report from Coinbase, 58% of Americans now know of Bitcoin and over 50 million U.S. residents currently hold some form of crypto. That figure is set to increase as more users come onto platforms such as Ramp.
Buy More Than 100 Cryptocurrencies
In its full-scale expansion across the country, Ramp Network allowed the buying and selling of over 100 varieties of cryptocurrencies. Supported digital assets include, among others, Bitcoin, Ethereum, and Solana, coupled with leading stablecoins such as Tether and USD Coin.
It accepts bank transfers, credit and debit cards, Google Pay, and Apple Pay, among others. Besides that, Ramp supports popular crypto wallets like MetaMask, Trust Wallet, and Exodus, which can definitely help users store their purchased assets well.
Compliance with Regulations and Supported Tokens
While Ramp operates in all U.S. states today, it has, however, made it clear that the tokens it has available are subject to vary by state that a user is resident in. Working on compliance for variable state laws, supported cryptocurrencies will vary depending on a user’s location.
Following its latest expansion, Ramp Network is positioning for further expansion in the U.S. to bring cryptocurrency to a far larger audience and at their fingertips than ever before.
