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HomeLaw & PoliticsKuCoin partners with Legend Trading to provide zero-fee fiat on-ramp

KuCoin partners with Legend Trading to provide zero-fee fiat on-ramp

KuCoin is a global cryptocurrency trading platform that is accessible in 207 countries. KuCoin offers more than 700 digital assets to its customers. KuCoin has integrated a major fiat-to-crypto payments gateway called Legend Trading in order to provide its customers with a new fiat on-ramp that does not charge any fees.

As a result of a newly formed strategic collaboration between KuCoin and the fiat on-ramp provider, consumers of KuCoin will soon be able to make purchases of cryptocurrencies using bank transfers. This cooperation led to the integration of the fiat on-ramp provider by KuCoin.

The new development aims to provide Russians access to digital wallets

The new development aims to provide Russians access to digital wallets
The new development aims to provide Russians access to digital wallets

To be more specific, the collaboration enables consumers of the exchange to purchase and sell cryptocurrency using major fiat currencies such as US Dollars, Euros, Australian Dollars, and Japanese Yen.

The “People’s Exchange” is also leveraging the relationship to tap into Legend Trading’s institutional-grade infrastructure in order to provide consumers with access to a fiat on-ramp that does not only have zero costs, but also has competitive pricing, deep liquidity, and access to bigger bank transactions. The Chief Executive Officer of KuCoin, Johnny Lyu, said in a news release that the relationship with Legend Trading would assist the exchange in expanding its services all over the world.

The CEO of KuCoin further stated that despite the fact that the platform already supports over 50 fiat currencies and over 70 different payment methods, such as VISA, Mastercard, and PayPal, the partnership is a significant development because it adds another gateway for people who are just getting started with cryptocurrencies. Lyu believes that the alliance would provide the cryptocurrency community with more trading opportunities.

Numerous firms within the cryptocurrency sector, such as cryptocurrency exchanges, wallet providers, and banks, use Legend Trading’s fiat-to-crypto gateway solution. This service is provided by Legend Trading. In addition, this company has an over-the-counter (OTC) business, which provides customers with deep liquidity. Some of these clients include financial advisers, companies, family offices, and brokerage firms.

The platform’s services enable integrations that support buying and selling cryptocurrencies with credit cards, debit cards, and bank transfers. These transactions can be completed using seven of the most important fiat currencies: US Dollars, British Pounds, Euros, Australian Dollars, Canadian Dollars, and Swiss Francs.

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Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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