KuCoin, a Singapore-based international cryptocurrency exchange, announced a new partnership today with Simplex, an EU leading financial institution providing fraud-free payment processing solutions. The partnership will enable new and current KuCoin users worldwide to purchase crypto using their credit and debit cards, improving the purchase experience and opening up the crypto exchange to more mainstream users.
Simplex enables worldwide merchants to accept diverse payment methods with zero exposure to the risk of chargeback. KuCoin is one of the most popular digital asset exchanges offering a user-friendly trading platform, competitive fees and nearly 400 trading pairs for users to choose from.
By partnering together, KuCoin will be able to continue its rapid growth by allowing users to complete payment for crypto using their credit card or debit card. Doing so will reduce the barrier to entry for mainstream users while making the crypto purchasing experience easier and more convenient. This service can be found in “Assets – Deposit” and currently supports the purchasing of BTC, ETH, and LTC with both USD and EUR in over 100 countries.
“From its inception, KuCoin has been committed to offering secure, stable and easy-to-use trading services to all our investors,” said Michael Gan, CEO at KuCoin. “We know that a number of newcomers in the crypto world have been hindered by the incoherent transaction from fiat to digital assets. Through this partnership, the two organizations will work together to provide a seamless experience and, more significantly, bring cryptocurrency to the masses.”
“Simplex’s mission is to make it easier for mainstream users to enter the crypto world, and we believe that providing payment methods users are familiar with is crucial to this. By partnering with KuCoin, mainstream users will be able to easily deposit funds and purchase crypto with their credit or debit card, making it easier for users to join the crypto exchange,“ said Nimrod Lehavi, the Co-Founder and CEO of Simplex.
KuCoin was launched in September 2017 and since then it has grown rapidly. Today KuCoin is one of the largest exchanges with more than 5 million registered users worldwide.