The cryptocurrency exchange KuCoin has resumed operations with the Brazilian real, providing traders with convenient access to cryptocurrencies.
Advantages for Brazilian Traders
With the return of BRL operations, KuCoin offers several useful and cost-effective benefits:
* Direct BRL to Crypto Trade: eliminates costly currency conversion processes and enhances efficiency. * PIX-Powered Transactions: enables quick and easy mobile deposits and withdrawals through Brazil's popular payment method. * Reduced Entry Thresholds: allows entry without the need to open foreign currency accounts. * Sound KYC Compliance: meets regulatory requirements, increasing user confidence and platform integrity.
Special Offers for BRL Users
In honor of the relaunch, KuCoin has announced several promotions for BRL users:
* Top-Up Ranking Contest: a prize pool of 2050 USDT for the top 10 BRL top-ups. * Big Buy Reward: earn up to 10 USDT as a bonus for purchasing crypto with BRL. * First-Time Buyer Bonus: receive 1 USDT for the first purchase of crypto with BRL. * No Fees for New Customers: all BRL deposits and withdrawals will have no fees for the first month.
The Crypto Market in Brazil
Brazil ranks 9th globally in crypto adoption with a net crypto import volume of 4.69 billion dollars in Q1 2024 and a year-over-year growth of 118%. The use of stablecoins is predominant, reflecting the economic needs of the country. It is expected to generate more than 2.8 billion in crypto revenue by 2025. The relisting of BRL by KuCoin aligns with local trends and upcoming regulations for stablecoins.
The resumption of operations with the Brazilian real on KuCoin's platform not only makes cryptocurrencies more accessible to users in Brazil but also provides additional benefits and trading opportunities, aligning with regulatory requirements.
