What are the reasons behind Kucoin showing only USD for Kucoin? Can users expect more currency options in the future?
dinhbadinh20Dec 15, 2021 · 3 years ago3 answers
Why does Kucoin only show USD as the currency option for trading? Are there any specific reasons behind this decision? Will Kucoin add more currency options in the future to cater to the needs of users who prefer different fiat currencies or cryptocurrencies?
3 answers
- Dec 15, 2021 · 3 years agoKucoin may have chosen to display USD as the primary currency option for trading due to its global recognition and wide acceptance. USD is one of the most commonly used fiat currencies in the world, and by using USD as the base currency, Kucoin can attract a larger user base and simplify trading for international users. Additionally, USD is often used as a benchmark currency in the cryptocurrency market, making it a convenient choice for trading pairs.
- Dec 15, 2021 · 3 years agoThe decision to show only USD as the currency option may also be influenced by regulatory considerations. USD is a stable and regulated currency, and by focusing on USD trading pairs, Kucoin can ensure compliance with regulatory requirements in various jurisdictions. This can help Kucoin establish a more secure and trustworthy reputation in the cryptocurrency industry.
- Dec 15, 2021 · 3 years agoAs for the future, it is possible that Kucoin will add more currency options to accommodate the preferences of its users. Many cryptocurrency exchanges continuously expand their offerings to include a wider range of fiat currencies and cryptocurrencies. However, it is important to note that adding new currency options involves various technical and regulatory challenges, so it may take time for Kucoin to introduce additional options. Users can stay updated with Kucoin's announcements and platform updates to learn about any new currency options that may become available in the future.
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