2024-03-25 19:04:20
VICTORIA, Seychelles, March 25, 2024 /PRNewswire/ — KuCoin, a global cryptocurrency exchange leader ranked among the top seven globally, has achieved another significant milestone as India’s first FIU compliant global crypto exchange. Against the backdrop of recent regulatory changes, this achievement marks an important moment in the emerging Indian cryptocurrency landscape and underscores KuCoin’s commitment to strengthening its presence in key global markets as part of its broader global strategy.
In connection with KuCoin’s registration with the FIU, KuCoin proposes to take the following initiatives to better serve Indian users:
Localized Payment Solutions: Collaborations with local banks and fiat partners to launch unique and direct on- and off-ramp services tailored specifically for India. Meanwhile, KuCoin also proposes to launch a partner registration program to welcome more partners on board and provide an easier and more customer-friendly service. Strategic Investment Focus: Encourage investments and support for blockchain projects by entrepreneurs with a focus on India to support the sustainable growth of the local crypto ecosystem. Regulatory and Security Alliances: Continue to support regulators and government agencies to promote a safe and regulated industry landscape. Education and Ecosystem Partnerships: Partnering with educational institutions through KuCoin Campus to expand understanding of blockchain and provide access to KuCoin’s Web3, technology and ecosystem resources to support the development of India’s blockchain industry. Global Strategy and Team Localization: Building a dedicated, localized team to better understand and serve the specific needs of Indian investors and users. Going “Glo-cal” demonstrates KuCoin’s priority to become more global while pushing localization.
Johnny Lyu, CEO at KuCoin, comments: “KuCoin attaches great importance to the security of users’ assets. With the successful completion of this registration in India, we will improve the experience of Indian users and reiterate our commitment to compliance and security. This milestone allows us to reinvigorate the discussion regarding cryptocurrency adoption in India, highlighting user safety and quality of trading. It also accelerates our investment and education initiatives in India with the aim of supporting the growth of the industry and the sustainable development of the blockchain landscape. Our goal is to support local innovation and build lasting educational partnerships to make a meaningful contribution to India’s blockchain ecosystem. Given this development, we at KuCoin invite new partners to join us and accelerate the development of the cryptocurrency industry in India.”
KuCoin looks forward to this shared journey with Indian users to open a universe of new possibilities and opportunities, strengthen mutual growth and support a collaborative and prosperous blockchain community. We are optimistic regarding the future we are building in India – a future of innovation, progress and shared success.
Information regarding KuCoin
Founded in September 2017, KuCoin is a global cryptocurrency exchange based in Seychelles. As a user-centric platform with a focus on inclusivity and community action, it offers more than 800 digital assets and currently enables spot trading, margin trading, P2P fiat trading, futures to its 30 million users in more than 200 countries and regions -Trading, staking and lending. KuCoin is currently one of the top 7 crypto exchanges. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a Highly Recommended Exchange in the Finder’s Global Cryptocurrency Trading Platform Awards 2023. For more information, see https://www.kucoin.com.
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