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KuCoin supports the purchase of cryptocurrencies with Fiat in 07 countries in Latin America

June 12, 2020

Cryptocurrency exchange KuCoin announced on its official blog that it supports the purchase of credit card cryptocurrencies in 17 countries, seven of which are from Latin America.

The Argentine Peso (ARS), the Colombian Peso (COL), the Costa Rican Colon (CRC), the Dominican Peso (DOP), the Peruvian Sol (SOL), the Uruguayan Peso (UYU) and the Chilean Peso (CLP) from Argentina, Colombia, Costa Rica, Dominican Republic, Peru, Uruguay and Chile are the lucky countries where users can buy cryptocurrencies through their home currencies.

The service will be accessible within the exchange via the Simplex platform. one of the trust channels that the company has launched for its global expansion.

KuCoin supports the purchase of cryptocurrencies with Fiat in 07 countries in Latin AmericaKuCoin supports the purchase of cryptocurrencies with Fiat in 07 countries in Latin America

In addition, this option also allows locals from countries such as the Philippines, India, Azerbaijan, Georgia and six other countries to access the crypto fiat ramp proposed by KuCoin.

KuCoin points this out in the official statement In addition to Simplex, two additional escrow channels have been introduced to help more than 50 fiat currencies like USD, EUR and AUD buy cryptocurrencies. on your trading platform, “Lowering the global user threshold to enter the crypto world.”

“KuCoin is committed to promoting the mass adoption of blockchain and cryptocurrencies, and an easy channel for transactions from Fiat to crypto will make a big contribution.” it is read about it in the statement by its CEO Johnny Lyu.

Cryptocurrency exchange was founded in 2017 and is currently one of the most popular, Occupation of the ranking list 16 within the new classification of CoinMarketCap.

According to information from the company owned by Binance, the Kucoin exchange has more than 400 markets with average liquidity in 343 of these markets and an average volume of just over $ 63 million in the past 24 hours This means you can be among the top 20 best stock exchanges.

KuCoin offers a range of financial services, including futures, betting, credit and token launches. The company has more than 5 million users worldwide and is represented in 207 countries.

The KuCoin announcement follows on from what BInance had recently projected in various regions of the world, particularly in Latin America with the activation of P2P traders within their platform so that users with Fiat money can access purchase cryptocurrencies.

The CZ stock exchange has in recent months thanks to KuCoin’s similar alliance with Simplex.

Although Binance’s offer of support to Latin American countries is similar, the exchange adds controversial countries like Venezuela, which is the subject of international isolation, fueled by U.S. financial sanctions for human rights violations by the ruling regime. in the country for 20 years.

As Cointelegraph recently reported, KuCoin is one of five cryptocurrency exchanges that pay high fees on the Ethereum network to ensure that payout transactions are included in the next block, as Flipside has shown.

The company had legal problems with its web domain in Singapore, which was finally resolved after an acidic process for its users, especially from the Asian country.