2024 Recap: Key Highlights from Ramp Network

As 2024 draws to a close, it’s time to reflect on how Ramp Network has empowered our partners to achieve more through meaningful innovations, strategic expansions, and strengthened collaborations. This year, our focus has been on delivering solutions that unlock new opportunities, simplify operations, and drive growth for businesses navigating the Web3 landscape.

By tailoring our efforts to address the evolving needs of our partners, we’ve not only enhanced user experiences but also provided tangible benefits that help our collaborators thrive in an increasingly competitive market.

A year of localized payouts

2024 marked a significant leap forward in Ramp Network’s mission to make crypto accessible to everyone, everywhere. Last year, we became the first to offer a truly global off-ramp in over 130 countries. This year, we took things a step further, tailoring solutions to meet the unique needs of regional customers while helping our partners boost conversions and user satisfaction.

In Mexico, our integration with SPEI, the country’s real-time bank transfer system, created a faster, more reliable way for users to off-ramp crypto directly into their bank accounts. With SPEI, transactions take seconds, and lower fees mean users keep more of their money—a win for both users and our partners.

Across Europe, SEPA Instant transfers brought real-time euro payouts to users, ensuring they could cash out crypto effortlessly and affordably. And in over 35 countries, we enabled payouts in local currencies, eliminating conversion fees and making off-ramping more intuitive than ever before.

These innovations didn’t just simplify the crypto-to-fiat journey—they helped our partners achieve higher conversion rates, better user satisfaction, and stronger engagement across the board.

A year of pioneering new markets

This year, Ramp Network broke new ground, opening doors to millions of users and creating growth opportunities for partners worldwide.

In the United States, we became fully operational across all 50 states, including historically challenging states like New York and Hawaii. This expansion allowed over 100 million new users to access Web3, making Ramp the go-to choice for partners seeking nationwide coverage.

In Europe, our registration as a Virtual Asset Service Provider (VASP) under Ireland’s Central Bank enabled us to serve EU users securely while aligning with the incoming MiCAR regulations.

Brazil became a hub of innovation, with our industry-first document-free verification reducing onboarding time by 75%. Coupled with Portuguese and Spanish language localization, these advancements made Web3 onboarding more intuitive for millions of users across Latin America. Globally, the addition of Apple Social Login simplified user access to Web3, leveraging trusted technology for seamless onboarding.

These efforts underscore Ramp’s commitment to unlocking new markets and creating inclusive solutions that empower users and partners alike.

A year of partner success

In 2024, we strengthened collaborations with leading Web3 players while empowering our partners to achieve remarkable milestones. 

We welcomed new collaborations with trailblazers like 1inch, Arkham, Lukso Network, Telos, and SWEAT Wallet, and many more. 

Our existing partners also achieved incredible milestones. For instance, Coco Wallet, saw a 75% increase in transaction volumes after integrating Ramp Network. By simplifying their remittance process through seamless USDT and USDC on-ramp, we helped Coco Wallet users connect with loved ones abroad.

Loopring, a leader in Ethereum Layer 2 solutions, partnered with Ramp to simplify fiat-to-crypto onboarding. This collaboration led to over 20,000 transactions in just three months, driving adoption for Loopring’s cost-efficient ecosystem.

These stories reflect our unwavering dedication to empowering our partners with solutions that drive growth, engagement, and compliance.

A year of expanding crypto offering

Ramp Network continued to simplify access to diverse cryptocurrencies and stablecoins, enabling users and partners to stay ahead in a rapidly evolving market.

Strengthening our leadership in stablecoins, we expanded our offerings to include USDt on TON, XAUT, USDA, and more, providing users with broader options while addressing growing demand. Our integration with Worldchain marked another milestone, adding on- and off-ramp support for WLD and USDC on Optimism’s Superchain, deepening our partnership with Tools for Humanity and opening doors for the integration of other Superchains.

Additionally, we extended our reach in the Polkadot and NEAR ecosystems, supporting assets like SWEAT, DOT, USDC, and USDT, helping partners scale in emerging networks. These innovations reaffirmed Ramp’s position as the bridge between fiat and crypto, empowering users and partners with seamless access to digital assets.

A year of trust through security and compliance

In an industry where trust is paramount, Ramp Network set new benchmarks in security and compliance in 2024.

Achieving SOC 2 Type I and II certifications underscored our commitment to safeguarding data and ensuring operational integrity. These certifications, covering all five Trust Criteria, reflected our dedication to delivering secure, reliable services.

Cybersecurity Awareness Month reinforced our security-first culture with interactive training on emerging threats like AI-driven social engineering. Meanwhile, our Bug Bounty Program brought together ethical hackers to proactively identify and resolve vulnerabilities before they become risks.

On the compliance front, we introduced Finprom controls for UK-based customers and established a tripartite agreement with Archax and Gateway21, enabling continuous operations for partners that would have otherwise been excluded from the UK market. Security and compliance aren’t just boxes to tick for us—they’re foundational pillars of our mission to build Web3 safely.

A year of recognition and community building

2024 wasn’t just a year of product milestones—it was also a year of recognition and connection.

We were honored to be named the highest-ranked crypto company on Sifted’s Rising 100 B2B SaaS Startups for 2024, securing the 24th spot overall. This recognition highlights the tangible value we bring to partners and users through innovation and reliability, affirming Ramp Network as a trusted choice in the Web3 ecosystem.

Additionally, we received the Design Partner of the Year award from Fireblocks, acknowledging our collaboration in creating advanced automation tools for treasury operations. These tools streamline the rebalancing of crypto assets across exchanges and wallets, enabling 24/7 efficiency and reducing operational costs for partners who rely on us to deliver seamless services.

Our participation in key industry events, including ETH Warsaw, Token2049, Solana Breakpoint, and Devcon, allowed us to strengthen relationships with existing partners and forge new collaborations. These events are critical touchpoints for fostering community and driving the Web3 ecosystem forward.

As we reflect on this incredible year, we’re grateful for the trust and collaboration of our partners, which continue to fuel our drive for excellence.

Looking ahead to 2025

As we close out 2024, it’s clear this year has been a transformative chapter in Ramp Network’s journey. From expanding our global reach to pioneering localized solutions, enhancing security, and forging impactful partnerships, we’ve taken significant strides toward making Web3 more accessible, secure, and inclusive for everyone.

We’re deeply grateful for the trust of our partners and the enthusiasm of our users—it’s your collaboration that fuels our drive to innovate and excel.

As the holiday season approaches, we want to wish you a joyful and restful time with your loved ones. Here’s to continuing this journey together in 2025 and beyond.

Happy holidays and see you in the new year!