KuCoin Resumes BRL Fiat Balance Transactions, Strengthening Commitment to Brazilian Traders
This resumption delivers significant benefits for Brazilian traders, positioning KuCoin as a preferred platform in the region. It introduces cost efficiency by enabling direct BRL trading, eliminating currency conversion fees—a key advantage in a market where cryptocurrencies counter economic volatility. The integration of PIX, Brazil's instant payment system, provides fast and convenient deposits and withdrawals, empowering traders to capitalize on market opportunities effortlessly. KuCoin's adherence to the Central Bank's strict KYC processes fosters trust and security. Moreover, BRL support lowers entry barriers for new traders without foreign currency accounts, expanding crypto market participation.
To celebrate, KuCoin launched a limited-time promotion:
Top-Up Ranking Contest: The top 10 users with highest BRL top-ups share a 2,050 USDT prize pool.
Large Purchase Bonus: Receive up to 10 USDT when purchasing crypto with BRL.
New User First Purchase Gift: 1 USDT bonus for first crypto buy.
New User 0 Fees: Free top-ups and withdrawals for the first month.
For the latest details on activity rules, please visit KuCoin's official website.
BC Wong, CEO of KuCoin, stated: " Latin America is a vital market for KuCoin, and our commitment remains unwavering. We are dedicated to providing Brazilian traders with an exceptional trading experience. As the first major exchange to support BRL transfers via PIX after Brazil's Central Bank policy updates in 2022, our current resumption of BRL balance transactions further highlights our leadership in innovation and regulatory alignment."
Brazil's crypto market ranks ninth globally, with $4.69 billion in net crypto imports in Q1 2024—a 118% increase. Stablecoins lead transactions, signaling a need for stability. The market is expected to generate $2.8 billion in revenue by 2025, fueled by rising adoption and a favorable regulatory landscape.
KuCoin's BRL fiat balance transactions streamline fiat-to-crypto conversions, cutting costs and complexity through PIX. Compliance with upcoming 2025 stablecoin regulations builds further trust, encouraging mass adoption. With this initiative, KuCoin cements its leadership in Brazil's vibrant crypto ecosystem, shaping the future of finance through innovation and strategic partnerships.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.
KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at:
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
2 hours ago
- Cision Canada
OCI Confirms Q3 2025 USD 700 Million Extraordinary Cash Distribution
AMSTERDAM, Aug. 4, 2025 /CNW/ -- OCI Global (Euronext: OCI), ("OCI," the "Company") announces today that it will pay a USD 700 million distribution (USD 3.31 per share) on 5 September 2025 through a mix of capital repayment and extraordinary cash dividend. This distribution is pursuant to the resolutions adopted at OCI's annual general meeting on 21 May and will follow the lapsing of the mandatory creditor opposition period on 13 August. The ex-dividend date is 18 August, and the record date is 19 August. Of the USD 700 million distribution, a proportion will be made as a repayment of capital corresponding to the amount of OCI's remaining fiscal reserve, to be determined using the appropriate exchange rate on 3 September. Shareholders that do not wish to receive a capital repayment can elect to receive an extraordinary cash dividend from the profit reserve instead. Shareholders that do not make a choice will participate in a portion of their distribution paid as a repayment of capital. The Company will make distributions in USD unless the relevant shareholder has opted for a distribution in EUR. The EUR equivalent amount for those shareholders that elect for payment in EUR will be determined using the appropriate exchange rate on 3 September. The shareholder election period will run from 20 August through 2 September. This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Canada News.Net
2 days ago
- Canada News.Net
Economic Watch: Trump's sweeping new tariffs spark extensive criticism
U.S. President Donald Trump imposed sweeping new tariffs on 69 trading partners, sparking global criticism over economic disruption and sovereignty concerns. WASHINGTON, Aug. 2 (Xinhua) -- U.S. President Donald Trump on Thursday signed an executive order that further modified tariff rates with 69 trading partners, drawing criticism across the world. The order, set to be implemented on Aug. 7, imposes "additional ad valorem duties on goods of certain trading partners," with rates ranging from 10 percent to 40 percent. SWEEPING TARIFFS Under the new executive order, the "universal" tariff for goods entering the United States will remain at 10 percent, the same rate implemented on April 2. However, the 10-percent rate will only apply to countries with which the United States has a trade surplus, CNN reported, citing a senior official. For countries with which the United States has a trade deficit, a 15-percent rate will serve as the new tariff floor. Still, for more than a dozen other countries, the tariff rates are higher than 15 percent, either because they agreed to a trade framework with the United States or because Trump sent their leaders a letter requiring a higher tariff, it added. On Thursday, Trump signed an executive order increasing the tariff on Canada from 25 percent to 35 percent, with the higher tariff taking effect on Aug. 1. Goods qualifying for preferential tariff treatment under the United States-Mexico-Canada Agreement will continue to remain exempt from the new tariffs. Goods transshipped to evade the 35-percent tariff will be subject, instead, to a transshipment tariff of 40 percent. On Wednesday, Trump signed an executive order implementing an additional 40-percent tariff on Brazilian goods, bringing the total tariff amount to 50 percent. On the same day, Trump announced that Washington had reached a "full and complete" trade deal with South Korea, setting 15-percent tariffs on its exports. South Korea has also agreed to invest 350 billion U.S. dollars in projects "owned and controlled by the United States," and selected by himself, Trump said. Trump said on Wednesday that the United States would impose a 25-percent tariff on imports from India, starting on Aug. 1. On July 27, Trump and European Commission President Ursula von der Leyen announced that they had reached a trade deal under which the United States would impose a baseline tariff of 15 percent on EU goods. The deal allows the United States to impose a broad 15-percent tariff on EU goods while securing zero-tariff access for a range of strategic American exports. In contrast, the EU has pledged to purchase 750 billion U.S. dollars' worth of American energy and commit an additional 600 billion U.S. dollars in investments in the United States. WIDE CRITICISM The higher tariffs continue Trump's reversal of the decades of globalization that made America's massive services economy the envy of the world but contributed to its long decline in manufacturing, CNN commented. "Our businesses ... need some degree of certainty, and all they're getting is chaos and inflation. So the Trump tariff trade war is a trade war on the American people. We've seen this week the chaos and uncertainty," said Chuck Schumer, Senate Democratic leader. Canadian Prime Minister Mark Carney said in a statement on Friday that his government is disappointed by Trump's decision to increase the tariff on Canadian goods to 35 percent. According to the statement, the sectors of lumber, steel, aluminum and automobiles are heavily impacted by U.S. duties and tariffs. The Canadian government will act to protect Canadian jobs, invest in industrial competitiveness, buy Canadian and diversify export markets, said Carney. Brazilian Finance Minister Fernando Haddad said his government will soon announce a response plan focused on providing financing assistance, deferring tax payments, accelerating export tax refunds, and reactivating labor protection policies. Bernd Lange, chair of the European Parliament's Committee on International Trade, slammed the U.S.-EU deal as "significantly imbalanced." In a statement following the announcement of the agreement, he said that "concessions have been made that are difficult to bear." The trade agreement is "a political, economic and moral fiasco," Marine Le Pen, leader of the far-right National Rally party in the French parliament, said in an X post. "Hundreds of billions of euros of gas, as well as weapons, will have to be imported each year from the United States. This is a complete capitulation for French industry, and for our energy and military sovereignty," she said. "I don't think Trump wants a trade deal. He wants these countries to surrender their economic sovereignty," said Sizo Nkala, senior research fellow at the Center for Africa-China Studies, University of Johannesburg. "More than anything, the tariff rates represent an assault on and a violation of a rules-based multilateral trading system administered by the World Trade Organization," Nkala said.
Cision Canada
2 days ago
- Cision Canada
Various brands of crackers recalled due to undeclared egg
OTTAWA, ON, Aug. 1, 2025 /CNW/ - Product: Product: Getas Fish Crackers, Shrimp Crackers Issue: Food - Allergen - Egg Distribution: British Columbia See the affected products and product photos for this recall SOURCE Canadian Food Inspection Agency (CFIA)
