KuCoin Announces Partnership with Legend Trading, a Leading Fiat-to-Crypto Payment Gateway

by Arthur · September 22, 2022

Detroit, Michigan –News Direct– Legend Trading

–– September 22, 2022 –– KuCoin and Legend Trading’s new partnership unlocks deep liquidity, larger trades, lower transaction costs and a smooth on-ramp experience.

Leading cryptocurrency exchange KuCoin and renowned fiat-to-crypto payment service Legend Trading announce a powerful new partnership to increase liquidity, fiat on-ramp capabilities and reduce transaction costs for retail traders buying crypto on exchanges. The new integration allows customers to buy and sell cryptocurrencies via bank transfers.

The popular crypto firms will launch a new institutional-grade trading service that gives users compliant access to the most competitive fiat-to-crypto on-ramp, scaled liquidity and the ability to make larger bank transfers.

The partnership allows users to easily transfer large fiat sums to crypto accounts

A chronic headache for exchanges is the inability of customers to transfer large enough funds from their bank accounts to their crypto trading wallets due to regulatory restrictions. These restrictions force customers to move limited small amounts of money daily to buy cryptocurrencies.

These daily crypto deposit and withdrawal limits of between $1,000 to $5,000 make it very difficult for crypto investors to strategically invest in fast-moving cryptocurrencies and profit from short-term price volatility.

KuCoin’s new alliance with Legend Trading, a regulated US money services business compliant with BSA and AML/CFT regulations, will allow users to seamlessly purchase cryptocurrencies, using over 7 different fiat currencies, in institutional orders, via SWIFT, ACH, SEPA or FPS.

Legend Trading’s extensive local banking network enables the US OTC trading giant to facilitate massive fiat-crypto trades. Its powerful trading and settlement services allow users to buy and receive crypto assets in seconds

Deep liquidity to reduce price slippage and trading costs

Legend Trading’s institutional grade trading service provides access to the most competitive fiatto-crypto price and deep liquidity.

This is achieved by Legend Trading leveraging its wide range of market and exchange integrations, its proprietary technology to analyze price and volatility data points in milliseconds thereby providing deep liquidity with minimal slippage.

KuCoin CEO Johnny Lyu said the following:

Fiat on-ramps are the gateway for new crypto users. To allow all users to easily buy crypto, KuCoin currently supports 50+ fiat currencies and over 70 payment methods such as VISA, PayPal, Mastercard and more. Partnering with Legend Trading will bring even more trading options to the crypto community and enable KuCoin to expand its reach globally.

Legend Trading co-founder and COO Curis Wang commented:

Legend Trading is pleased to partner with KuCoin, one of the most innovative exchanges in the world, and is pleased to help strengthen its services to its customers. Our company has been very successful in providing OTC services to professional institutions.

Now we are bringing our services to the much larger retail user market by providing a fiat-to-crypto gateway. We hope that our solution will help the large institutions and accelerate the wide adoption of cryptocurrency over time.

To achieve this, we leverage our expertise in compliance, trading, global payments, banking, for various platforms or applications such as exchanges, wallets, NFT marketplaces and more, to create a smooth fiat on-and-off ramp- user experience.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in the Seychelles. As a user-oriented platform with a focus on the inclusion and reach of community actions, it offers over 700 digital assets. It currently offers spot trading, margin trading, P2P fiat trading, futures trading, staking and lending to its 20 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investment through a pre-series B round, bringing total investments to $170 million with round A combined, for a total value of $10 billion. KuCoin is currently one of the top 5 crypto exchanges, according to CoinMarketCap. Forbes also named KuCoin one of the best crypto exchanges in 2021. Additionally, in 2022 The Ascent named KuCoin the best crypto app for enthusiasts.

For more information please visit: https://www.kucoin.com/

For updates, follow KuCoin’s social platforms at Twitter and Telegram

About Legend Trading

Legend Trading is a leading US regulated crypto trading firm trusted by 700+ institutional clients, with a trading volume of $10 billion+ per year. Its over-the-counter (OTC) trading service offers deep liquidity and customizable services suitable for brokerage firms, investment advisers, family offices, corporations and high net worth individuals.

Legend Trading also offers a comprehensive fiat-to-crypto gateway for banks, crypto exchanges, wallets and NFT platforms to integrate and enable their customers to buy/sell crypto by bank transfer and credit/debit card.

For more information please visit: https://www.legendtrading.com/

For updates, follow Legend Trading’s social platforms at Twitter and LinkedIn.

Legend Trading is a leading US regulated crypto trading firm trusted by 700+ institutional clients, with $10B+ annual trading volume. Its over-the-counter (OTC) trading service offers deep liquidity and customizable services suitable for brokerage firms, investment advisers, family offices, corporations and high net worth individuals. Legend Trading also offers a comprehensive fiat-to-crypto gateway for banks, crypto exchanges, wallets and NFT platforms to integrate and enable their customers to buy/sell crypto by bank transfer and credit/debit card. For more information please visit: https://www.legendtrading.com/