Cryptocurrency Exchange CoinMKT Announces US Banking Partner

Los Angeles bitcoin exchange CoinMKT has announced a US-based banking partner. As a result, the company is now able to accept bank wires from US bank accounts.

Travis Skweres, CEO of CoinMKT, says he expects the company to grow as a result.

“We’re confident our growth will explode being able to accept wires deposits that can be credited same day or next day,” he said.

Not many exchanges currently have the ability to accept banking wires, and the ones that do have experienced massive user expansion. Exchanges that have the ability to link directly to the US dollar via a banking institution are more attractive to investors. Skweres told CoinDesk that his company has added staff in order to meet the expected demand.