KuCoin, a leading global cryptocurrency trading platform, has announced that its spot market will support fiat trading pairs starting June 20, 2022. As the first fiat supports spot trading pairs, it marks a significant step in expanding 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 make real-time exchanges between cryptocurrencies and BRL with high liquidity and security.
Latest Fintech News: Flexa to Acquire Drop Party to Deliver Custom Marketing Experiences for Merchants
KuCoin’s CEO Johnny Lyu stated: “As an early participant and accelerator in the crypto industry, 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 toward this. Also, providing a secure, stable service between fiat and cryptocurrencies will bring a better experience to crypto users, which is crucial for crypto mass adoption. With support for more fiat trading pairs, KuCoin will become the best place to explore the crypto world with fiat for global users.”
Latest Fintech News: J.P. Morgan Private Bank Adds Two Billion-Dollar Advisor Teams to Its New York City Business
The support of BRL fiat trading pairs further enhances KuCoin’s presence in the Brazilian crypto 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 Brazilian Central Bank, to allow its users to deposit BRL on KuCoin’s official website for purchasing cryptocurrency through its ‘Fast Buy’ channel directly. 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-to-crypto trading services and accessibility for its global users, KuCoin will also launch trading pairs for EUR, RUB, and other fiat currencies in the near future.
Latest Fintech News: Western Union Integrates Mambu Into Its New Digital Bank Platform in Europe
[To share your insights with us, please write to sghosh@martechseries.com]
