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KuCoin has announced the relaunch of its Brazilian Real (BRL) transactions on its spot market. This move aims to strengthen trading capabilities for top digital assets such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The exchange now allows users to deposit, withdraw, and trade with BRL directly, streamlining access to the world of cryptocurrency.
This development comes after KuCoin achieved full compliance with Brazil’s Central Bank regulations and Know Your Customer (KYC) standards. By reintroducing BRL transactions, KuCoin seeks to reinforce its commitment to the Brazilian market while ensuring a seamless trading experience for users.
The updated infrastructure enables direct BRL balance transactions, allowing for faster and more secure transactions via PIX payments, which are now available on the platform. This simplifies and speeds up buying and selling of major cryptocurrencies like Bitcoin, Ethereum, and Tether. The added support for BRL will strengthen KuCoin’s position in Brazil’s growing decentralized finance (DeFi) ecosystem.
The exchange has also introduced promotional incentives to mark the relaunch, including a top-up contest with USDT prizes, encouraging competitive engagement among users. Additionally, new sign-ups can benefit from exclusive bonuses and fee waivers, further boosting user confidence.
With KuCoin’s improved BRL capabilities, Brazilian traders are now empowered to engage in cryptocurrency trading with increased flexibility, convenience, and security.
Source: coincentral.com
