KuCoin launches Web 3.0 Wallet and EUR trading

Rick Steves

In addition to the launch of KuCoin Wallet, the crypto platform has expanded its offering to include EUR trading against BTC, ETH and USDT in an effort to conquer the European market.

Cryptocurrency platform KuCoin has announced the full-scale launch of its KuCoin Wallet App, an application that is meant to redefine the concept of decentralized wallets, offering users “a unique Web 3.0 experience”, the exchange said.

The lengthy beta testing period, which saw more than three million user registrations, helped refine the application based on user feedback and adjustment to modern market requirements.

The result is KuCoin Wallet, a multi-chain crypto wallet that is fully supported by the KuCoin ecosystem that enhanced server performance and client-side stability.

The Web 3.0 wallet allows users to quickly create decentralized accounts, thus reducing barriers to entering Web 3.0 and giving them the ability to explore popular DApps across various public chains, including games and financial services.

The app supports four mainstream public chains, including ETH, Polygon, BNB, and KCC Chains, and allows users to send, receive, and hold ETH, USDT, USDC, BNB, among other tokens.

KuCoin bets in Europe with EUR trading

In addition to the launch of KuCoin Wallet, the crypto platform has expanded its offering to include EUR trading against BTC, ETH and USDT in an effort to conquer the European market.

The KuCoin spot market will progressively grow its product offering to enable European users to make instant conversions between Euros and cryptocurrencies.

The addition of EUR fiat trading pairs is meant to strengthen KuCoin’s presence across the European crypto market by lowering the barriers to buying cryptocurrency with fiat currencies. It will also provide a better fiat-to-crypto trading experience with high liquidity and security for global crypto users.

The announcement comes on the heels of the launch of SEPA Payments in March 2022 ,which enhanced the fiat-to-crypto exchange experience. SEPA transfers allows users to deposit EUR to their exchange account for any cryptocurrency-related purchase through the “Fast Buy” channel.

Johnny Lyu, Chief Executive Officer at KuCoin, said: “The new EUR spot trading pairs in the fiat-to-crypto service deployed by KuCoin is another major milestone after the addition of BRL a week ago. We hope this will bring excellent convenience to our local users and those who prefer to use euro. It is extremely exciting to add two fiat currencies with spot trading pairs within such a short time, which also reflects the efficient implementation capability of KuCoin’s strategic deployment this year. KuCoin strongly believes that providing a secure and stable bridge between fiat and cryptocurrencies will bring a better experience to crypto users, which is crucial for crypto mass adoption. In the nearest future, KuCoin plans to support more fiat trading pairs in the spot market thus becoming the best place to explore the crypto world with fiat for global users.”

 

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