Singapore-based crypto exchange KuCoin has added support for 17 more fiat currencies to allow user to buy cryptocurrencies with their credit card.
KuCoin made the announcement in a blog post published on Friday, June 12. According to the announcement, the newly added fiat currencies are Indian rupee (INR), Argentine peso (ARS), Philippine peso (PHP), United Arab Emirates dirham (AED), Azerbaijani manat (AZN), Chilean peso (CLP), Colombian peso (COP), Costa Rican colon (CRC), Dominican peso (DOP), Georgian lari (GEL), Kazakhstani tenge (KZT), Moldovan leu (MDL), Namibian dollar (NAD), Peruvian sol (PEN), Qatari riyal (QAR), Uruguay Peso (UYU), and Uzbekistan Som (UZS).
Now global KuCoin users can buy crypto assets with these currencies using their credit cards by visiting “Buy Crypto with Credit Card” page of KuCoin official website.
The recent addition in the list of supported fiat currencies is another effort accelerate global expansion. According to the announcement, to lower the barrier to enter crypto world for global users, the exchange has introduced three fiat channels, Simplex, Banxa, and OTC Trading Desk, supporting over 50 fiat currencies such as USD, EUR, and AUD for purchasing crypto.
As Crypto Economy reported, KuCoin Over the Counter (OTC) trading desk has added support for Canadian Dollar (CAD). KuCoin OTC allow user to buy Bitcoin [BTC], Tether [USDT] and CADH.
KuCoin Global, founded in September of 2017, is a safe and efficient global cryptocurrency platform that offers a number of product to its users. Its product suite include spot trading, margin trading, Futures, Pool-X, staking, and lending. The platform currently serves 5 million user across 207 countries.
The exchange has recently restructured its itself. As reported, KuCoin has established a KuGroup in order to expands its ecosystem appointing former CEO Michael Gan as the Chairman of the KuGroup. His role was replaced by current CEO Johnny Lyu.
Johnny Lyu, CEO of KuCoin Global, commented:
“KuCoin has been committed to promoting the mass adoption of blockchain and cryptocurrencies, and an easy channel to transact from fiat to crypto will largely contribute to this. KuCoin is one of the earliest mainstream exchanges to support Simplex. Also, in addition to fiat gateways like Simplex and Banxa, we are investing a lot to develop our OTC Trading Desk service. Through continuous efforts on fiat channels, KuCoin welcomes more newcomers to embrace and make contributions to the crypto world.”
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