KuCoin Exchange Leverages New Brazilian Central Bank Policy An | Trade Crypto Now

KuCoin Exchange Leverages New Brazilian Central Bank Policy And Takes The Lead

KuCoin – the world’s five-largest cryptocurrency exchange – has announced that it has officially become the first major crypto service provider to support deposits and withdrawals using the Brazilian Real (BRL). The introduction comes shortly after the new policy of the Central Bank of Brazil came into force.

The KuCoin exchange has partnered with Brazilian payment gateway Capitual in the strive to allow local users to make BRL deposits and withdrawals using the government-backed PIX payment system. The move makes KuCoin the first crypto exchange on the market to empower investors from Brazil with such BRL payment channels. “As crypto going to the mainstream, fiat to crypto service remains the biggest barrier to onboard more adopters.

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