Global crypto trading platform KuCoin has started supporting fiat trading on its spot market. This marks a significant milestone for the platform as it expands its fiat-to-crypto trading services. According to the announcement, KuCoin has added USDT/BRL, ETH/BRL, and BTC/BRL to its spot market. As a result, crypto investors can carry out real-time market transactions between crypto-assets and RBL with high security and liquidity.
KuCoin Brings More Crypto Products To The Masses
Chief Executive Officer of KuCoin, Johnny Lyu, while commenting on the development, stated that Kucoin will use its innovative products and cutting-edge technology to bring crypto and blockchain to the masses. With Kucoin’s support for fiat trading pairs, the platform has laid a solid foundation for this process.
Additionally, offering a stable and secure service between cryptocurrencies and fiat will provide a better experience for crypto users, which is very important for more crypto adoption. As KuCoin offers support for more crypto pairs, the platform will provide the best environment for global crypto users to explore and link their transactions.
Brazilian Real Becomes The First Fiat Support On KuCoin
Kucoin’s support for BRL pairs is evidence that the platform is expanding vigorously in the Brazilian market. The company is offering such pairs because its demand has increased heavily over the past year.
The company has been expanding in the Brazilian market since 2022. In March, KuCoin supported PIX&TED, a bank transfer payment system launched by the Central Bank of Brazil. The partnership enabled users to easily deposit BRL on KuCoin’s official webpage when buying cryptocurrencies.
Last week, KuCoin made history by becoming the first cryptocurrency exchange to support RBL transfers through PIX. Additionally, the crypto exchange plans to launch trading pairs for RUB and EUR to offer better fiat-to-crypto accessibility and services for its global users.
KuCoin was launched in 2017 as a global crypto exchange with operational headquarters in Seychelles. The platform provides more than 700 digital assets. It offers several services, which include staking, futures trading, P2P fiat trading, margin trading, and spot trading.