CEX.IO, London based bitcoin exchange has announced that it has seen over $40 million in VISA and Mastercard deposits. The figure signifies user preference of purchasing bitcoins with credit and payment cards rather than other conventional methods.

Although users most commonly use VISA and Mastercard payment cards to buy the cryptocurrency, virtual cards such as Payoneer, Neteller and Netspend are also among the payment methods accepted by the exchange. The bitcoin exchange combined altogether has processed so far more than $40 million deposits.

The European bitcoin exchange is among the earliest ones to add VISA and Mastercard payment cards as means to deposit funds, says a release by the company y to CNN. Oleksandr Lutskevych, the CEO and Co-Founder of CEX.IO said in his statement that, “We operate as a broad and reliable bridge between people who are willing to buy Bitcoin and the blockchain industry. As credit cards are still the most common thing in users’ pockets, no matter what country they come from, we decided to direct our efforts on user-friendly, fast and cheap Bitcoin purchases using payment cards.”

This exchange with claim of 600,000 registered users expects the fast paced growth to carry on. All the registered users can enable with instant withdrawals to VISA and Mastercard payment cards in USD, EUR and RUB. Lutskevych adds that, “Recently announced withdrawals to Visa and MasterCard from CEX.IO is another breakthrough feature that was very awaited by our existing and potential customers.”

CEX.IO which was established in 2013 as the first cloud mining provider, has become a multi-functional cryptocurrency exchange, trusted by over half million users.