NMLSRegulated
United States Crypto Asset Transfer License (MTL)
Transak
Regulated in United States
Crypto Asset Exchange Registration (MSB)
Basic Information
Country/RegionUnited States
Exchange AbbreviationTransak
Company NameTransak USA LLC
Operating Period5-10 years
Websitehttps://transak.com/
Trade TypeFiat Trading
RiskNotice
1 risk alerts
FCAActive
United Kingdom Virtual Asset Service Provider (VASP)
AUSTRACActive
Australia Virtual Asset Service Provider (VASP)
FINTRACActive
Canada Crypto Asset Exchange Registration (MSB)
Exchange Overview
Exchange Overview
What is Transak?
Transak is a cryptocurrency payment infrastructure that helps various financial applications integrate cryptocurrency payment experiences.
Main Business
The platform provides fiat and cryptocurrency deposit (On-Ramp) and withdrawal (Off-Ramp), virtual accounts, bank cards, KYC, and white-label API capabilities, claiming to have served over 600 platforms.
Risk Warning
Cryptocurrency asset trading involves price fluctuation risks, and users need to evaluate on their own.
Business Region
InfluenceA0
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News
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Ripples RLUSD launches on Transak as market cap hits $500M
Launched in late 2024, Ripples enterprise-focused RLUSD stablecoin has hit a $500 million market cap in less than seven months. Ripples US dollar-pegged stablecoin, Ripple USD (RLUSD), has received a significant boost by integrating with Transak, a major cryptocurrency payments platform. Transak has officially integrated support for the Ripple USD stablecoin, enabling its 8.3 million users to purchase RLUSD using multiple fiat currencies, the company announced in a statement shared with Cointelegraph on Wednesday. “We worked closely with the Ripple team to understand how RLUSD could benefit from wider distribution across Transak‘s global network — spanning more than 450 wallets, DApps [decentralized apps] and exchanges,” said Transak’s head of marketing, Harshit Gangwar. Transak integration brings a major upgrade to RLUSD operations worldwide amid the stablecoin reaching a $500 million market capitalization for the first time. RLUSD available in 64 markets on Transak RLUSD is immediately available across all 64 countries that Transak supports for on-ramping, Gangwar told Cointelegraph. The supported jurisdictions include key markets including the United States, the United Kingdom and the European Union. The integration has been in the works for about three months to ensure regulatory alignment across markets, he added. Crypto wallets, exchanges and other platforms scaling RLUSD exposure through Transak. Source: Transak In addition
Transak Now Powering Opera's MiniPay on Celo, Enhances Stablecoin Availability
Transak, a leading provider of crypto-to-fiat transfers and conversion infrastructure, has shared the details of its recent integration with MiniPay, Operas dollar stablecoin wallet. Transak fiat infrastructure live in Operas MiniPay app Transak, a global fiat-to-crypto payments infrastructure vendor, has entered into a strategic collaboration with Operas MiniPay, a popular end-user USD stablecoin wallet built on the Celo blockchain. If you‘re new around here: We’re Transak—your bridge to #Web3, connecting fiat to crypto worldwide. As the partnership kicks off, Transak enables operations with Celo Dollar (cUSD), Tether USD (USDT) and USD Coin (USDC), mainstream USD-pegged stablecoins. Also, it powers on- and off-ramping for cryptocurrency users in 50+ countries and territories across the globe. As part of this collaboration, on- and off-ramping with zero fees will be available for crypto owners for a limited time, allowing them to engage with stablecoins without the usual barriers of fees and further driving adoption by making cross-border payments more affordable. The intention behind the introductory zero-fee campaign is to encourage more people to experience stablecoins characteristic near-instant cross-border payments and settlements. Carlo de Luca Gabrielli, Global Director of Sales at Transak, highlights that the new partnership unlocks amazing opportunities for personalities and firms interested in working with crypto: We believe financial tools
Transak Joins Forces with Zerion Wallet to Power Zero-Fee Onboarding for ZERϴ Network
Transak has partnered with Zerion to become the exclusive on-ramp for the ZERϴ Network, a new gas-free EVM-compatible rollup that enhances Ethereums scalability. This collaboration sets a new standard for seamless, fee-free crypto onboarding in the Web3 space. Making Web3 Accessible for Everyone As one of the leading Web3 onboarding infrastructure providers, Transaks mission is to simplify access to digital assets for users across the globe. With a reputation for building secure and compliant payment solutions, Transak is now extending its services to Zerion, a popular non-custodial wallet used by over 550,000 users. This integration enables Zerions customers to purchase cryptocurrency directly from their wallets using local payment methods—credit and debit cards, as well as bank transfers. By leveraging Transak‘s infrastructure, Zerion is elevating the user experience, making it easier for newcomers to enter the world of Web3. With over 60 DeFi protocols supported, Zerion’s user-friendly wallet continues to be a go-to for crypto enthusiasts, and now, with Transak onboard, the process is smoother than ever. Its important to note that standard card processing and bank fees may still apply, depending on the payment method used. ZERϴ Network: A Zero-Fee Future Zerions latest innovation, the ZERϴ Network, offers a Layer-2 solution built on zero-knowledge proofs, providing users
