KuCoin Adds Brazilian Real (BRL) as First Fiat to Support Spot Trading Pairs | Your money

VICTORIA, Seychelles–(BUSINESS WIRE)–June 19, 2022–

KuCoin, a leading global cryptocurrency trading platform, has announced that its cash market will support fiat trading pairs from June 20, 2022. As the first fiat supports spot trading pairs, it marks an important milestone in the expansion of its fiat-to-crypto trading services. By adding BTC/BRL, ETH/BRL and USDT/BRL to its spot market, KuCoin will allow cryptocurrency investors to trade in real time between cryptocurrencies and BRL with high liquidity and security .

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KuCoin Adds Brazilian Real (BRL) as First Fiat to Support Spot Trading Pairs (Graphic: Business Wire)

KuCoin CEO Johnny Lyu said, “As the crypto industry’s first entrant and accelerator, KuCoin is committed to leveraging cutting-edge technologies and innovative products to bring blockchain and crypto to the masses, and KuCoin’s support in fiat trading pairs marks a big step forward. towards that. Moreover, providing a secure and stable service between fiat and cryptocurrencies will bring a better experience for crypto users, which is crucial for the mass adoption of crypto. With support for more fiat trading pairs, KuCoin will become the best place to explore the world of crypto with fiat for global users.

Support for fiat BRL trading pairs further strengthens KuCoin’s presence in the Brazilian crypto market. Since 2022, KuCoin has been developing vigorously in the Brazilian market. On March 23, KuCoin supported PIX&TED, the bank transfer payment method launched by the Brazilian Central Bank, to allow its users to deposit BRL on KuCoin’s official website to directly purchase cryptocurrency through its “Fast Buy” channel. On June 18, KuCoin became the first crypto exchange to support BRL transfers via PIX after the introduction of a new Central Bank policy. To provide better fiat-crypto trading services and accessibility to its global users, KuCoin will also launch trading pairs for EUR, RUB and other fiat currencies in the near future.

About KuCoin

Launched in September 2017, KuCoin is a cryptocurrency exchange with its operational headquarters in the Seychelles. As a user-oriented platform focused on inclusivity and reach for community action, it offers over 700 digital assets and currently offers spot trading, margin trading, fiat P2P trading, term, staking and lending to its 18 million users in 207 countries. and regions.

In 2022, KuCoin raised over $150 million in investments in a pre-Series B round, bringing total investments to $170 million with the combined A round, for a total valuation of $10 billion. of dollars. KuCoin is currently one of the top 5 crypto exchanges, according to CoinMarketCap. Forbes also named KuCoin one of the best crypto exchanges in 2021. In 2022, The Ascent named KuCoin the best crypto app for enthusiasts.

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Copyright BusinessWire 2022.

PUBLISHED: 06/19/2022 21:00 / DISK: 06/19/2022 21:02


Copyright BusinessWire 2022.

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