KuCoin, a popular cryptocurrency exchange that has been around since the Fall of 2017, has just announced that it will allow investors and users to start using the Australia Dollar (AUD) and the British Pound (GBP) as fiat onramps to purchase cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). This is thanks to a partnership with Banxa, a platform that describes itself as an “internationally compliant fiat-to-crypto gateway solution for exchanges, wallets and other cryptocurrency businesses.”
According to NewsBTC, the platform will allow users to purchase these assets with a debit or credit card or a bank transfer from a linked account, should they so have one.
Speaking on the matter was Holger Arians, the CEO at Banxa:
“KuCoin has been an outstanding partner for Banxa and we are very excited to launch this service together. Today, every serious crypto industry player should have a fiat to crypto gateway integrated into their platform. Banxa allows exchanges, wallets and other industry players such as news websites etc. to own their users end-to-end and rely on a unique payment network which deals with global compliance and regulation.”
Of course, Banxa’s goal is to make life much easier for those looking to get into cryptocurrency buying and trading, which is notoriously difficult on its own. Partnering with the KuCoin exchange ensures that the entire process is a little more accessible overall.