KuCoin, the world’s leading cryptocurrency trading platform, announced that your cash market will support Brazilian Real trading pairs from June 20, 2022.
The addition of real as a trading pair marks an important step 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 enable cryptocurrency investors to trade between cryptocurrencies and the Brazilian real in real time with high liquidity and security.
KuCoin CEO Johnny Lyu said: “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 cryptocurrency to the masses, and KuCoin’s support in fiat trading pairs marks a huge step forward. Moreover, providing a secure and stable service between fiat and cryptocurrencies will bring a better experience for 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.
PIX and TED
Support for fiat BRL trading pairs further strengthens KuCoin’s presence in the Brazilian cryptocurrency market.
Since 2022, KuCoin has been developing vigorously in the Brazilian market. On March 23, KuCoin started accepting PIX and TED, to allow its users to deposit BRL on KuCoin official website for buy cryptocurrencies directly through their “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.
Launched in September 2017, KuCoin is a swap with operational headquarters in the Seychelles. As a user-oriented platform focused on inclusion and awareness of 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, with a total valuation of $10 billion. of dollars.
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 the best crypto app for enthusiasts.