KuCoin P2P Fiat Market now supports buying crypto with USD via PayPal

Source: IBS Intelligence 2020-06-29

Singapore-based KuCoin, an IDG-backed crypto exchange, announced that its P2P Fiat Market has added support for US Dollars (USD) via PayPal and other payment methods. This means that traders can buy cryptocurrencies like USDT, BTC and ETH with USD through the payment methods. This is another addition of a mainstream fiat currency supported by the KuCoin P2P Fiat Market after the opening of the Chinese Yuan (CNY), Indonesian Rupiah (IDR), Vietnamese Dong (VND) and Canadian Dollar (CAD).

Founded in September 2017, the exchange currently provides a series of financial services including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and more to its 5 million users across 207 countries and regions globally. KuCoin has mentioned that 1 out of 4 crypto holders worldwide is with its crypto exchange.

KuCoin Global CEO Johnny Lyu explained, “As one of the most globalized cryptocurrency exchanges, KuCoin has been expanding its fiat gateways. Now, our P2P Fiat Market supports 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.”

According to the latest data from Coinhills, of the proportion of transactions between fiat currencies and Bitcoin in various countries, USD ranks first at 63.21 per cent. Now that the KuCoin P2P Fiat Market supports USD, it will be easier for more people around the world to buy cryptocurrency, thereby further promoting the mass adoption of blockchain and cryptocurrencies.

KuCoin will launch a series of campaigns to promote the addition of US Dollars (USD) to the P2P Fiat Market to celebrate the first anniversary of the P2P Fiat Market being made available on the platform.

KuCoin

Cryptocurrency

KuCoin P2P Fiat Market now supports buying crypto with USD via PayPal

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