Trading Euros for Bitcoin or ETH is Now Possible on KuCoin
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
International cryptocurrency trading platform KuCoin is offering euro trading for Bitcoin (BTC), Ether (ETH), and USDT from today. The announcement is part of an expansion of crypto trading in Europe.
These new trading pairs are offered on the KuCoin spot market. Users of the platform can easily convert their euros into crypto-currencies.
This is an expansion strategy: KuCoin is indeed experiencing strong growth in the European market, a growth that the platform intends to accelerate.
But beyond this territorial expansion, KuCoin has understood the importance of lowering the barrier to buying crypto-currencies with euro trading pairs. This strategy allows not only novice traders but also anyone who wants to start building a portfolio to use fiat money (FIAT) to build their first portfolio. The other crucial advantage of adding Euro trading pairs is that it simply offers a better fiat-crypto trading experience with consistent liquidity while maintaining a very high level of security.
On March 23, 2022, KuCoin launched SEPA transfers, which now makes it much easier for its European users to fund their accounts, with the wealthy even being able to deposit up to one million euros in a single transaction! Thanks to SEPA transfers, KuCoin customers can deposit euros into their crypto accounts via "Fast Buy."
Johnny Lyu, KuCoin's CEO, commented on the news: "The new EUR spot trading pairs as part of the fiat-crypto service launched by KuCoin represent another important step after the addition of BRL (Brazilian Real, the currency of Brazil) a week ago. We hope that this will make the experience of our European users even more pleasant as well as that of people who prefer to use the Euro. It is very exciting to add two fiat currencies with spot trading pairs in such a short time. It also reflects KuCoin's ability to deploy its strategy this year effectively. KuCoin firmly believes that providing a bridge that securely and stably connects fiat currencies and cryptocurrencies will bring a better experience to crypto users, which is crucial for the mass adoption of crypto-assets. In the near future, KuCoin plans to support more fiat currency exchange pairs (FIAT) on the spot market, with the goal of becoming the best platform to discover the world of cryptocurrency with fiat currency for all users around the globe."
It is thanks to these initiatives, which consist of making access to cryptocurrencies much simpler, that every day thousands of users are discovering cryptocurrencies. Europeans can now, thanks to KuCoin, take a launchpad to the cryptosphere that is as simple as it is secure.
Launched in September 2017, KuCoin is an international cryptocurrency exchange platform with operational headquarters in Seychelles. As a user-dedicated platform focused on inclusivity and community outreach, it offers more than 700 digital assets. Currently, it provides spot, margin, P2P fiat, forward, staking, and lending exchanges to its nearly 18 million users in 207 countries and regions.
In 2022, KuCoin raised over $150 million in investments in a pre-series B round, bringing the total investments to $170 million when combined with the A round for a total valuation of $10 billion. KuCoin is currently one of the top 5 cryptocurrency exchange platforms globally, according to CoinMarketCap. Forbes also named KuCoin as one of the best cryptocurrency platforms in 2021. In 2022, The Ascent named KuCoin as the best crypto app for enthusiasts.
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