Detroit, Mich. – 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 payments service Legend Trading announce a powerful new collaboration to increase liquidity, increase fiat-on-ramp capabilities and reduce transaction costs for retailers trading crypto buy exchanges. The new integration allows customers to buy and sell cryptocurrencies via bank transfer.
The popular crypto firms will launch a new institutional-level trading service that will offer 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 sums of fiat to crypto accounts
A chronic problem for exchanges is the inability of their clients 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 ranging from $1,000 to $5,000 make it very difficult for crypto investors to invest strategically in fast-moving cryptocurrencies and profit from short-term price fluctuations.
KuCoin’s new alliance with Legend Trading, a regulated US money services company compliant with BSA and AML/CFT regulations, allows its users to seamlessly buy cryptocurrencies with over 7 different fiat currencies in institutional orders via SWIFT, ACH, SEPA or FPS.
Legend Trading’s extensive local banking network allows the US OTC trading giant to facilitate massive fiat-crypto trades. Its powerful trading and settlement services allow users to buy and receive their crypto assets in seconds
High liquidity to reduce price slides and trading costs
Legend Trading’s institutional trading service gives access to the most competitive fiat-crypto prices and high liquidity.
This is achieved by using Legend Trading’s wide range of market and exchange integrations and 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 driveways are the gateway for new crypto users. In order for all users to easily buy crypto, KuCoin currently supports 50+ fiat currencies and 70+ payment methods like VISA, PayPal, Mastercard and more. The partnership with Legend Trading will bring even more trading options to the crypto community and allow KuCoin to expand its accessibility globally.
Curis Wang, Co-Founder and COO of Legend Trading commented:
Legend Trading is excited to partner with KuCoin, one of the most innovative exchanges in the world, and looks forward to strengthening its services to clients. Our company has been very successful in providing OTC services to professional institutions.
Now we are bringing our services to the much larger retail market by offering a fiat to crypto gateway. We hope that our solution will help the big institutions and eventually accelerate the widespread adoption of cryptocurrency.
To achieve this, we use 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 user experience on and off the ramp.
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. A user-centric platform focused on inclusivity and outreach of community action, it offers over 700 digital assets. Currently, it 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 investments via a pre-Series B round, bringing total investments combined with Round A to $170 million, with an overall valuation of $10 billion. According to CoinMarketCap, KuCoin is currently among the top 5 crypto exchanges. Forbes also named KuCoin one of the top crypto exchanges of 2021. In addition, The Ascent named KuCoin the best crypto app for enthusiasts in 2022.
For more information, please visit: https://www.kucoin.com/
Follow KuCoin social platforms for updates Twitter and telegram
About Legend Trading
Legend Trading is a leading US regulated crypto trading company trusted by more than 700 institutional clients with over $10 billion in trading volume per year. Its over-the-counter (OTC) trading service offers deep liquidity and customizable services suitable for brokerage firms, investment advisors, family offices, corporations and high net worth individuals.
Legend Trading also provides a comprehensive fiat-to-crypto gateway for banks, crypto exchanges, wallets and NFT platforms to enable their clients to buy/sell crypto via bank transfer and credit/debit cards.
For more information, please visit: https://www.legendtrading.com/
Follow Legend Trading social platforms for updates Twitter and LinkedIn.
Legend Trading is a leading US regulated crypto trading company trusted by more than 700 institutional clients with over $10 billion in trading volume per year. Its over-the-counter (OTC) trading service offers deep liquidity and customizable services suitable for brokerage firms, investment advisors, family offices, corporations and high net worth individuals. Legend Trading also provides a comprehensive fiat-to-crypto gateway for banks, crypto exchanges, wallets and NFT platforms to enable their clients to buy/sell crypto via bank transfer and credit/debit cards. For more information, visit: https://www.legendtrading.com/
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