According to PANews, SafePal has announced a zero-fee promotion for its CeDeFi banking channel. Users who open an account and complete KYC verification by December 31, 2024, will enjoy a 90-day zero-fee period for deposits and fiat currency transactions. Additionally, users who refer others to open accounts can receive further extensions and additional benefits.

SafePal invested in Fiat24 bank last year and launched the CeDeFi banking channel service within the SafePal App in March this year. Fiat24 is a compliant, crypto-friendly bank with a banking license from the Swiss Financial Market Supervisory Authority (FINMA).