Posted 10 months ago | by Ben Armstrong
KuCoin Adds USD to Its P2P Fiat Market via PayPal
According to an announcement on June 24, KuCoin, the IDG-backed cryptocurrency exchange, has added the support for US Dollars (USD) to its P2P Fiat Market. This allows traders to be able to buy cryptocurrencies such as USDT, BTC, and ETH with USD via PayPal or other payment methods.
The KuCoin P2P Fiat Market is supporting 5 mainstream fiat currencies, including the Chinese Yuan (CNY), Indonesian Rupiah (IDR), Vietnamese Dong (VND), Canadian Dollar (CAD), and the new addition US Dollar (USD).
KuCoin Makes Fiat Easier with New Features
The US Dollar is a recognized international currency and is also one of the most mainstream and important fiat currencies in the world.
The latest data from Coinhills reports that the proportion of USD transactions ranks first at 63.21% compared to other fiat currencies and Bitcoin. The support of the KuCoin P2P Fiat Market for USD will allow more people around the world to buy cryptocurrency as well as promote the adoption of blockchain and cryptocurrencies.
Johnny Lyu, the Global CEO of KuCoin, said:
“As one of the most globalized cryptocurrency exchanges, KuCoin has been expanding its fiat gateways. Now, our P2P Fiat Market supports the Chinese Yuan (CNY), Indonesian Rupiah (IDR), Vietnamese Dong (VND), Canadian Dollar (CAD), and US Dollar (USD), the 5 mainstream fiat currencies. We also support 50 fiat currencies like EUR and AUD through our partnerships with Simplex, Banxa, and PayMIR. In the future, we will continue to further our work towards globalization, enabling more users worldwide to enjoy the services we provide here at KuCoin, ultimately helping more users enter the crypto world.”
Moreover, the crypto exchange KuCoin will celebrate the first anniversary of the P2P Fiat Market being available on its platform by rolling out a series of campaigns to promote the addition of US Dollars (USD) to the P2P Fiat Market.
KuCoin was found in September 2017. The exchange has developed and became one of the most popular crypto exchanges in the world.
KuCoin currently provides a series of financial services including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and attracts 5 million users across 207 countries and regions around the world. One of four crypto holders worldwide is with KuCoin, according to the exchange.
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