KuCoin resumes Brazilian Real transactions, strengthens Latin American presence

2025-07-22 13:37:56

Main Idea

KuCoin has resumed Brazilian Real (BRL) transactions and launched promotional campaigns to strengthen its presence in Latin America, aligning with Brazil's regulatory requirements and growing crypto market.

Key Points

1. KuCoin reinstated BRL fiat balance support, enabling direct crypto trading and PIX integration for Brazilian users.

2. New promotions include rewards up to 2,050 USDT for BRL top-ups and purchases, with fee discounts for new users.

3. KuCoin complies with Brazil's Central Bank KYC regulations and supports PIX for streamlined deposits and withdrawals.

4. Brazil ranks ninth globally in crypto market size, with $4.69 billion net crypto imports in Q1 2024 and projected $2.8 billion revenue by 2025.

5. KuCoin CEO highlighted Latin America as a vital market, emphasizing compliance with upcoming 2025 stablecoin regulations.

Description

KuCoin, a globally recognized cryptocurrency exchange, has resumed support for Brazilian Real (BRL) fiat balance transactions on its spot trading platform, marking a significant move to strengthen its footprint in the Brazilian crypto market. This integration allows users in Brazil to hold BRL in their KuCoin accounts, deposit and withdraw funds using the PIX instant payment system or bank transfers, and directly trade major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) ...

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