KuCoin integrates SEPA platform to serve European users
Seychelles-based crypto exchange KuCoin has integrated a single Euro Payments Area (SEPA) platform into its operations, making it possible for users in Europe to deposit funds into their operations. their trading account easier and help deposit up to 1 million EUR (1.1 million USD) in one transaction.
KuCoin officially launched a new payment method on January 24th, allowing customers from 36 SEPA member countries to deposit euros into their accounts and use fiat currency to purchase crypto assets through the option. choose the exchange’s Fast Buy, the company said in a statement.
According to the announcement, the SEPA platform on KuCoin now supports deposits in EUR to buy tether (USDT). They added that they will support more cryptocurrencies, as well as allow withdrawals through SEPA “in the near future.”
“Transfer using SEPA is one of the fastest money transfer solutions for European users interested in cryptocurrencies. As a single euro payment system created by the European Union, the integration and support of SEPA is an important milestone for the KuCoin exchange,” the statement said.
This latest move will allow the Seychelles-based business to compete with larger exchanges that already support SEPA, such as Coinbase and Binance.
KuCoin says it currently operates in 207 countries around the world, serving over 10 million users who can buy and sell more than 600 digital assets.
Currently, SEPA is supported by the following European countries: Andorra, Austria, Belgium, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovenia, Slovakia, Spain, Sweden, Switzerland, Kingdom England and the Vatican.