Crypto on-ramps and off-ramps: who's who in fiat-to-crypto payments (Oct. 2026)
A map of nine providers that turn cards and bank transfers into digital assets and back, and of the licenses and stablecoin products that now shape how apps choose them.
- MoonPay and Paybis both hold EU authorization under MiCA and report growing business use alongside their consumer apps.
- Stripe and Nuvei sell ramps inside wider payment stacks; Stripe acts as merchant of record and carries fraud liability.
- MiCA's transition ended July 1, 2026, and U.S. stablecoin offer rules phase in by July 18, 2028.
At a glance
| Company | Segment | Best for | Regulatory status (checked) | Latest dated move | Site |
|---|---|---|---|---|---|
| MoonPay | Specialist ramp | Apps needing U.S. and EU coverage | NY BitLicense; NY trust charter; MiCA (Netherlands) | Korea unit, Sept. 29, 2026 | moonpay.com |
| Paybis | Specialist ramp | Business payouts and stablecoin flows | MiCA and payment institution (Latvia) | EU licenses, May 2026 | paybis.com |
| Transak | Specialist ramp | Wallets and new networks | 11 U.S. state licenses (co.) | Arc on-ramp, Sept. 16, 2026 | transak.com |
| Ramp Network | Specialist ramp | EU and UK users | MiCA (Ireland); UK FCA registration (co.) | USDT0 on Stellar, Sept. 2, 2026 | rampnetwork.com |
| Mercuryo | Specialist ramp | Card cash-outs for wallets and exchanges | Not checked for this map | MetaMask Canada offer, Sept. 30, 2026 | mercuryo.io |
| Nuvei (Simplex) | Payments company | Merchants already on Nuvei | MiCA and payment institution (co.) | MiCA license, Dec. 17, 2025 | nuvei.com |
| Stripe | Payments company | Platforms that want fraud risk off their books | Stripe handles KYC and sanctions screening | Onramp in public preview | stripe.com |
| Coinbase Onramp | Exchange-native | Apps whose users hold Coinbase accounts | Not checked for this map | Guest checkout ended June 30, 2026 | coinbase.com |
| Onramper | Aggregator | Apps wanting several providers behind one API | Not checked for this map | None verified | onramper.com |
As of Oct. 15, 2026. (co.) marks a company statement we could not check against a register. Licenses and figures are linked in the company cards below.
How this market works
An on-ramp lets a person pay with a card, bank transfer or wallet balance and receive digital assets in a digital-asset wallet. An off-ramp does the reverse and sends fiat money to a card or bank account.
Most volume does not start on the providers' own sites. Wallets, exchanges and apps embed a ramp through a widget or API, and the provider handles identity checks, payment processing, fraud screening and delivery of the asset.
In the typical model the provider does the compliance work and the app keeps the customer. Pricing usually combines a processing fee with an exchange-rate spread, and most providers do not publish partner terms.
Buyers pay for coverage they cannot build cheaply: licenses country by country, card acquiring open to digital assets, local payment methods and fraud models.
That is why licenses, approval rates and payment methods matter more to an integrator than the headline fee.
Why it matters now
Europe closed its grace period. The MiCA transitional period ended July 1, 2026, and unauthorized providers must stop onboarding EU clients and wind down, according to the European Securities and Markets Authority's June-July 2026 newsletter.
The U.S. is writing stablecoin rules. The Treasury Department proposed GENIUS Act rules on stablecoin issuance, offer and sale on Aug. 18, 2026, in a Federal Register notice.
From July 18, 2028, a digital asset service provider may offer only stablecoins from permitted issuers to U.S. persons, under the GENIUS Act.
Business demand is shifting to stablecoins. Paybis said stablecoins made up 86% of its cryptocurrency volume in April 2026, up from 12% in July 2023, TradeInformer reported.
Specialist ramps
These companies started with buying digital assets by card and now sell the same rails to businesses.
MoonPay
What it does: Buy, sell and pay with digital assets, offered to consumers and embedded in partners' apps; since Aug. 6, 2026, also MoonPay Enterprise for stablecoin transfers and virtual accounts.
Who it serves: Wallets, apps, merchants and institutions. Paysafe, a payments platform, announced on April 8, 2026, that it embeds MoonPay's stablecoin rails.
Footprint: More than 32 million verified users and more than $45 billion in cumulative volume, the company said on Sept. 29, 2026, The Korea Times reported.
Licenses: New York BitLicense since June 2025, a New York trust charter since November 2025 and MiCA authorization, MoonPay said.
Recent moves: Acquired key-management firm Sodot on April 29, 2026; agreed on Sept. 24, 2026, to buy North Capital, a private-markets broker and trading venue; launched MoonPay Korea on Sept. 29, 2026.
Watch: Whether regulators approve the North Capital deal, which would add SEC-registered brokerage to a payments company.
Paybis
What it does: Has sold digital assets to consumers since 2014 and, since early 2023, sells on-ramp and off-ramp services and mass payouts (Send) to businesses.
Who it serves: Named business clients include SoftSwiss, Payouts.com and Unity Finance; wallet partners in 2025 included Phantom and Trust Wallet, the company said.
Footprint: 6.9 million customers, more than 180 countries and $5.47 billion in lifetime volume, of which $4.13 billion came from 624 businesses, the company said in June 2026.
Licenses: SIA Paybis Europe holds MiCA authorization from the Bank of Latvia and passports it to France, according to the French AMF's CASP register. Paybis said it also holds a payment institution license.
Recent moves: Added PayPal for U.S. users and Travel Rule data collection for orders above $1,000 in May 2026.
Watch: Paybis said institutional transactions were 84% of its 2025 volume, up from 46%; the mix now depends on business clients.
Transak
What it does: An on-ramp and off-ramp embedded in wallets and blockchain networks.
Who it serves: More than 450 apps and wallets and more than 10 million users in 2025, the company said; partners include MetaMask, Uniswap Wallet, Circle and Paxos.
Footprint: Money transmitter licenses in 11 U.S. states and an Australian registration, according to Transak.
Recent moves: Gobi Partners invested on April 8, 2026; fiat access for Canton Network on April 1, 2026, and for Arc on Sept. 16, 2026.
Watch: How fast Transak adds U.S. states beyond 11.
Ramp Network
What it does: On-ramps and off-ramps for partner apps, plus its own app with a self-custodial wallet.
Who it serves: Partner applications and consumers in its own app.
Footprint: Entities in Ireland, the UK and the U.S., according to the company.
Licenses: Ramp Swaps (Ireland) Limited became an authorized MiCA provider regulated by the Central Bank of Ireland, Ramp Network said on Jan. 22, 2026; its wallet stays unregulated.
Recent moves: PayPal for UK buyers on July 24, 2026; USDT0 on Stellar on Sept. 2, 2026.
Watch: Whether its consumer push (rewards, referrals) lifts its own app against embedded volume.
Mercuryo
What it does: On-ramps and off-ramps for wallets and exchanges, including card cash-outs through Visa Direct since Jan. 22, 2026.
Who it serves: Partners named in 2026 include MetaMask, Bybit and Tangem, according to Mercuryo's announcements.
Footprint: Not disclosed in the pages we reviewed.
Licenses: Not checked for this map.
Recent moves: Apple Pay purchases on Feb. 23, 2026; ISO 27001 certification on April 17, 2026; fee-free first purchases for new MetaMask users in Canada from Sept. 30, 2026.
Watch: Whether fee promotions with large wallets turn into default-provider status.
Payments companies
For these companies, a ramp is one product in a wider payment stack.
Nuvei (Simplex)
What it does: Card and bank payments for merchants, with a cryptocurrency on-ramp from Simplex, which Nuvei agreed to buy for about $250 million in May 2021.
Who it serves: Retail users and business clients; Ledger Live users have bought through Simplex by Nuvei since March 2022.
Footprint: Nuvei as a whole serves more than 200 markets, the company said.
Licenses: A MiCA license and a payment institution license for e-money token services, Nuvei said on Dec. 17, 2025.
Recent moves: The MiCA license above.
Watch: Whether Nuvei bundles stablecoin settlement into its merchant offer.
Stripe
What it does: A fiat-to-crypto onramp that platforms embed on websites or in mobile apps.
Who it serves: Platforms approved through Stripe's onramp application; most applications are reviewed within 48 hours, according to Stripe's onramp documentation.
Footprint: Not itemized in the documentation we reviewed.
Licenses: Stripe acts as merchant of record, handles identity checks and sanctions screening, and assumes full liability for fraud and disputes, its documentation says.
Recent moves: The onramp remains in public preview.
Watch: When the onramp leaves preview, and in which countries.
Exchange-native and aggregators
Coinbase Onramp
What it does: Lets apps send users to buy digital assets with a Coinbase account or, in a U.S.-only headless version, by card with Apple Pay or Google Pay.
Who it serves: Developers on Coinbase's developer platform.
Footprint: The headless version allows up to $2,500 a week by card, according to Coinbase's developer documentation.
Licenses: Not checked for this map.
Recent moves: Guest checkout on the Coinbase-hosted widget ended June 30, 2026.
Watch: Whether the headless version expands beyond the U.S.
Onramper
What it does: An aggregator that routes each purchase to one of several ramp providers through one API.
Who it serves: Wallets and apps; Paybis joined it as a provider in 2025, Paybis said.
Footprint: More than 30 providers and 190 countries, Onramper says; its own pages give different counts.
Licenses: Not checked for this map.
Recent moves: None verified for this map.
Watch: Whether apps keep routing between providers or sign exclusive deals.
Who competes with whom
| Company | Wallets and apps | Exchanges | Merchants and payouts | Own consumer app | Institutions |
|---|---|---|---|---|---|
| MoonPay | ● | — | ● | ● | ● |
| Paybis | ● | — | ● | ● | ○ |
| Transak | ● | — | ○ | — | ○ |
| Ramp Network | ● | — | — | ● | — |
| Mercuryo | ● | ● | — | — | — |
| Nuvei (Simplex) | ○ | — | ● | — | — |
| Stripe | ● | — | ● | — | — |
| Coinbase Onramp | ● | — | — | — | — |
| Onramper | ● | — | — | — | — |
● core line; ○ some evidence; — no public evidence found. Marks follow the products and clients cited in the cards.
The specialists meet head-on inside wallets. MetaMask works with both Transak and Mercuryo, according to their 2026 announcements, so competition happens per purchase: price, approval rate and payment method.
The payments companies compete on risk instead. Stripe takes fraud and dispute liability itself, its documentation says. MoonPay and Paybis are moving into business payouts, where Nuvei already serves merchants.
How buyers choose
- Coverage and licenses: can my users buy where they live? Ask for the license list by country and U.S. state, and check it on registers.
- EU status after July 1, 2026: ask for the MiCA authorization and the national register entry.
- Payment methods: cards, Apple Pay, PayPal, SEPA and local rails drive conversion. Ask which methods work in your top five countries.
- Fraud and chargebacks: who is merchant of record, and who pays when a card payment is disputed?
- Approval rate: ask for success rates by country and method; they are rarely published.
- Off-ramp and payouts: can users cash out to cards or banks, and can you pay suppliers in stablecoins?
- Integration and KYC reuse: widget, SDK or headless API, and whether verified users skip repeat checks.
- Pricing: the user fee, the spread, and any revenue share for the app.
What to watch
- Oct. 19, 2026: comments close on Treasury's proposed GENIUS Act offer-and-sale rule; final terms decide which stablecoins ramps may sell in the U.S.
- Sept. 30, 2026 to Feb. 28, 2027: the UK FCA's application window for its new cryptoasset regime, which starts Oct. 25, 2027, Payment Expert reported. Existing registrations do not convert automatically.
- Pending: regulatory approval of MoonPay's North Capital purchase; FinTech Futures reported no closing timeline.
- July 18, 2028: U.S. ban on offering stablecoins from non-permitted issuers takes effect.
Methodology and limits
Universe: providers with a live fiat-to-crypto product sold to apps or consumers in more than one country and enough public information to describe it. Criteria: coverage, licenses, payment methods, fraud liability, payouts, integration, pricing. Sources: regulator registers and releases, company documents and releases, reputable trade press, retrieved Oct. 15, 2026. Company statements are labeled and not independently verified. Volumes, approval rates and partner pricing are not public for most providers, so we do not rank. Excluded: Banxa, taken private by OSL Group on Jan. 2, 2026, for about C$80.4 million, because current product details were not public in sources we could open; Alchemy Pay, because its latest license data we found dated from 2024. This map is reviewed quarterly. Companies can send corrections to the editors; inclusion is never paid.