- For Brazilian traders, this restart offers substantial advantages, establishing KuCoin as the region’s go-to platform.
- The incorporation of PIX, Brazil’s rapid payment system, enables traders to easily take advantage of market opportunities.
Leading global cryptocurrency exchange KuCoin is pleased to announce that transactions using Brazilian Real (BRL) fiat balances have resumed on its spot market. KuCoin’s commitment to Brazilian traders is further shown by this action. Users may now trade well-known cryptocurrencies like Bitcoin, Ethereum, and Tether directly with BRL, keep BRL in their KuCoin accounts, and deposit and withdraw funds via PIX or bank transfers. This service guarantees a safe and regulated trading environment and complies fully with the Central Bank’s Know Your Customer (KYC) standards.
For Brazilian traders, this restart offers substantial advantages, establishing KuCoin as the region’s go-to platform. By facilitating direct BRL trading and doing away with currency conversions fees, it adds cost efficiency, which is a significant benefit in a market where cryptocurrencies mitigate economic volatility.
The incorporation of PIX, Brazil’s rapid payment system, enables traders to easily take advantage of market opportunities by offering quick and easy deposits and withdrawals. Trust and security are promoted by KuCoin’s adherence to the Central Bank’s stringent KYC procedures. Additionally, BRL support increases participation in the cryptocurrency market by lowering entry hurdles for new traders without foreign currency accounts.
KuCoin started a limited-time campaign to commemorate: Top-Up Ranking Contest: A prize fund of 2,050 USDT is shared by the top 10 users with the most BRL top-ups.
- Large Purchase Bonus: Receive up to 10 USDT when purchasing crypto with BRL.
- New User First Purchase Gift: Receive a 1 USDT bonus for your first crypto purchase.
- New User 0 Fees: Free top-ups and withdrawals for the first month.
Please check our official website for the most recent information on activity rules.
BC Wong, CEO of KuCoin, stated:
“Latin America is a vital market for KuCoin, and our commitment remains unwavering. We are dedicated to providing Brazilian traders with an exceptional trading experience. As the first major exchange to support BRL transfers via PIX after Brazil’s Central Bank policy updates in 2022, our current resumption of BRL balance transactions further highlights our leadership in innovation and regulatory alignment.”
With net crypto imports of $4.69 billion in Q1 2024—a 118% increase—Brazil’s cryptocurrency industry is ranked ninth in the world. Transactions are led by stablecoins, indicating a desire for stability. By 2025, the industry is anticipated to bring in $2.8 billion because to rising usage and a supportive regulatory framework.
Through PIX, KuCoin’s BRL fiat balance transfers simplify fiat-to-crypto conversions while reducing expenses and complexity. Mass adoption is encouraged by adherence to the future stablecoin laws for 2025, which further foster confidence. With this project, KuCoin solidifies its position as a leader in Brazil’s thriving cryptocurrency market, influencing the direction of finance via strategic alliances and innovation.
