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KuCoin, a cryptocurrency exchange backed by IDG Capital, has brought on support for buying cryptocurrencies with over 17 fiat assets, according to a press release from the group. The release notes that KuCoin will provide support for the following fiat assets:
- Indian rupee (INR)
- Argentine peso (ARS)
- Philippine peso (PHP)
- United Arab Emirates dirham (AED)
- Azerbaijani manat (AZN)
- Chilean peso (CLP)
- Colombian peso (COP)
- Costa Rican colon (CRC)
- Dominican peso (DOP)
- Georgian lari (GEL)
- Kazakhstani tenge (KZT)
- Moldovan leu (MDL)
- Namibian dollar (NAD)
- Peruvian sol (PEN)
- Qatari riyal (QAR)
- Uruguay Peso (UYU)
- Uzbekistan Som (UZS)
Essentially, this is making cryptocurrency much more accessible by allowing more users around the world to purchase it with their fiat cards. On top of this, the group has been supporting fiat currencies for some time, with USD, EUR, and the AUD being the long-time standings.
Speaking on the matter is Johnny Lyu the CEO of KuCoin Global, who had said:
“KuCoin has been committed to promoting the mass adoption of blockchain and cryptocurrencies, and an easy channel to transact from fiat to crypto will largely contribute to this. KuCoin is one of the earliest mainstream exchanges to support Simplex. Also, in addition to fiat gateways like Simplex and Banxa, we are investing a lot to develop our OTC Trading Desk service. Through continuous efforts on fiat channels, KuCoin welcomes more newcomers to embrace and make contributions to the crypto world.”
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