KuCoin adds Brazilian real (BRL) as first Fiat to support spot trading pairs

KuCoin, a leading global cryptocurrency trading platform, has announced that its spot market will support fiat trading pairs starting June 20, 2022. – cryptocurrency trading services. By adding BTC/BRL, ETH/BRL and USDT/BRL to its spot market, KuCoin will allow cryptocurrency investors to make real-time exchanges between cryptocurrencies and BRL with high liquidity and security.

KuCoin CEO Johnny Lyu stated, “As one of the cryptocurrency industry’s early entrants and accelerators, KuCoin is committed to leveraging cutting-edge technologies and innovative products to bring blockchain and cryptocurrencies to the masses, and the support of KuCoin on fiat trading pairs marks a big step towards this. Furthermore, providing a secure and stable service between fiat and cryptocurrencies will bring a better experience to cryptocurrency users, which is crucial for the mass adoption of cryptocurrencies. With support for more fiat trading pairs, KuCoin will become the best place to explore the world of fiat cryptocurrencies for global users.”

The support of BRL fiat trading pairs further enhances KuCoin’s presence in the Brazilian cryptocurrency market. Since 2022, KuCoin has been expanding vigorously in the Brazilian market. On March 23, KuCoin supported PIX&TED, the bank transfer payment method launched by the Central Bank of Brazil, to allow its users to deposit BRL on KuCoin’s official website to buy cryptocurrencies directly through the ‘Fast Buy’ channel. On June 18, KuCoin became the first cryptocurrency exchange to support BRL transfers via PIX following the introduction of a new Central Bank policy. To provide better fiat-to-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 global cryptocurrency exchange based in Seychelles. As a user-oriented platform focused on inclusion and community action outreach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking and lending to its 18 million users in 207 countries and regions.

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

Warning: This article is for informational purposes only and does not constitute investment advice or an offer to invest. O CryptoEasy is not responsible for any content, products or services mentioned in this article.

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