KuCoin resumes Brazilian Real transactions, strengthens Latin American presence
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) ...
Latest News
- Dogecoin or Mutuum Finance: which cheap crypto leads in 2025?2025-07-23 07:31:30
- BONK surges 8%, eyes December high: check forecast2025-07-23 07:31:01
- ONDO surges 5% as 21Shares files for an ONDO ETF2025-07-23 06:15:27
- BNB hits $800 ATH as Binance spot volume explodes to $25B: what’s next?2025-07-23 04:51:32
- Tron (TRX) vs Ruvi AI (RUVI): why this audited newcomer could be 2025’s breakout star2025-07-22 22:47:25