How Is ‘Fiat On-Ramp’ Related to Crypto Exchange Access for These Schemes?
A fiat on-ramp is the process of converting traditional fiat currency (like USD or EUR) into cryptocurrency. Pump and dump organizers need reliable on-ramps to fund their initial purchases of the target coin.
The ease of transferring funds from a bank account to a CEX, and then to a DEX, is a critical step in the logistics of executing the scheme and later cashing out the profits.
Glossar
Fiat On-Ramp
Point ⎊ Fiat On-Ramp describes the regulated gateway through which traditional sovereign currency enters the cryptocurrency ecosystem, typically via bank transfer or credit card processing to a centralized exchange or regulated custodian.
Fiat On-Ramps
Access ⎊ Fiat on-ramps, within the context of cryptocurrency derivatives, represent the critical interface facilitating the conversion of traditional fiat currencies ⎊ such as USD, EUR, or JPY ⎊ into digital assets usable for trading options, futures, and other derivative instruments.
Fiat
Foundation ⎊ Fiat, within the context of cryptocurrency and derivatives, represents a government-issued currency legally established as a medium of exchange; its value is derived from government regulation or law, not intrinsic worth, and serves as the primary on and off-ramp for capital within digital asset ecosystems.
Traditional Fiat Currency
Basis ⎊ Traditional Fiat Currency, such as the US Dollar or Euro, serves as the fundamental basis for valuation and settlement in the vast majority of global financial derivatives markets, including many crypto-based instruments.
Crypto Exchange Access
Access ⎊ The operational interface facilitating interaction with a cryptocurrency exchange's order book and matching engine represents a critical component for participants in derivative markets.