KuCoin Launches EUR Trading Pairs to Ease Crypto Transactions in Europe.
As part of its expansion into the European market, the top global cryptocurrency trading platform KuCoin will provide trading in EUR against BTC, ETH, and USDT in order to accommodate customer demand.
The BTC/EUR, ETH/EUR, and USDT/EUR fiat trading pairs will be released at 12:00 PM (UTC) on Jun 28, 2022.
Details: https://t.co/dhlFrYPeQT pic.twitter.com/QXXW2zGvYB
— KUCOIN (@kucoincom) June 28, 2022
Users of cryptocurrencies will have the ability to perform quick conversions between Euros and cryptocurrencies as of the 28th of June when new trading pairings are made accessible on the KuCoin spot market.
KuCoin is able to increase its footprint throughout the European cryptocurrency industry, which is continuing to witness robust development due to its support for certain EUR fiat trading pairings.
In order to onboard more traders who are interested in establishing crypto portfolios, lowering the restrictions that must be overcome in order to acquire bitcoin using fiat currencies is an essential step.
The inclusion of EUR trading pairs will not only give worldwide cryptocurrency consumers improved fiat-to-crypto currency trading experiences but will also increase trade security and liquidity.
Only two months ago, KuCoin introduced SEPA Payments in order to provide the simplest experience possible when exchanging fiat currency for cryptocurrency.
Users have the ability to add Euro to their exchange account through SEPA payments, which may then be used for any purchase linked to cryptocurrencies made via the “Fast Buy” channel.
KuCoin CEO Johnny Lyu made some comments on the support for EUR pairings. He said that the addition of new EUR spot trading pairs to the fiat-to-crypto service that KuCoin has implemented is another significant milestone, after the addition of BRL a week ago.
The firm anticipates that this will result in a significant improvement in convenience for both its local customers and those customers who favor the usage of the Euro.
KuCoin is a global cryptocurrency exchange based in Seychelles. KuCoin secured $150 million in pre-Series B financing in 2022, amounting expenditures to $170 million with Round A pooled, at a $10 billion value. CoinMarketCap ranks KuCoin among the top five crypto exchanges.
On 20th June Kucoin added support for the Brazilian Lira by launching BTC/BRL, ETH/BRLand USDT/BRL trading pairs.
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