Monat: September 2022

KuCoin wants to offer its customers a smoot fiat-to-crypto payments experience, with zero fees and deep liquidity.

KuCoin, a global crypto trading platform offering more than 700 digital assets and accessible in 207 countries, has integrated major fiat-to-crypto payments gateway Legend Trading to bring its customers a new fiat on-ramp with zero fees.

A strategic partnership with Legend Trading

KuCoin’s integration of the fiat on-ramp provider follows a new strategic partnership between the two companies, which as reported, will see KuCoin customers seamlessly access crypto purchases via bank transfers. 

Specifically, the partnership allows the exchange’s customers to buy and sell crypto with top fiat currencies such as USD, EUR, AUD and JPY.

The “People’s Exchange” is also using the collaboration to tap into Legend Trading’s institutional-grade technology to bring users a fiat on-ramp with not just zero fees, but also competitive pricing, deep liquidity and access to larger bank transfers.

KuCoin CEO Johnny Lyu said in a press release that the partnership with Legend Trading will help the exchange expand its services across the globe. 

The KuCoin chief added that while the platform already supports more than 50 fiat currencies and 70+ payment methods, including VISA, Mastercard and PayPal, the partnership is a huge step as it adds another gateway to crypto newcomers.

According to Lyu, the collaboration offers the crypto community more trading options.

Legend Trading is a key crypto player

Legend Trading provides its fiat-to-crypto gateway solution to numerous companies within the crypto industry, including cryptocurrency exchanges, wallets, and banks. 

The firm also operates an over-the-counter (OTC) service, offering deep liquidity for brokerage firms, investment advisors, corporations, and family offices among other clients.

The platform’s services allow integrations that support crypto buying and selling with credit card, debit card and bank transfer – which can be completed via seven major fiat currencies: USD, GBP, EUR, AUD, CAD, JPY and CHF.

The post KuCoin integrates Legend Trading to add fiat on-ramp with zero fees appeared first on CoinJournal.

• GlobalBlock launched its mobile trading app in July and has seen 1,288 downlaods, with client registrations increasing over the past two months.
• The app is available on Google Play store and Apple App store.

GlobalBlock Europe, a digital asset broker wholly-owned by publicly-traded GlobalBlock Digital Asset Trading Limited, has recorded a significant jump in the number of new client sign-ups since the company’s unveiling of a mobile trading app, according to an update published on Thursday.

GlobalBlock developed the trading app in-house and launched it in late July this year, with download access on both the Apple App store and Google Play store.

Over the next one month, the company’s marketing efforts have seen downloads grow to 1,288, and figures for September are showing a similar growth trajectory.

App downloads and registration

As GlobalBlock notes in its press release, client numbers have doubled over the past two months as a reflection of the increased app downloads.

The company’s effort saw a conversion rate of 9% during the period, with 26% of those who downloaded the trading app proceeding to full registration – which means they completed a full KYC (Know Your Customer) check.

“Given that online marketing generally achieves customer engagement levels of 5% with finance apps generally at 20%, our app download results after nearly two months are extremely encouraging. Our first month rate of 26% should be a floor as we hone our engagement practices,” said Rufus Round, CEO of GlobalBlock.

Rufus noted that the company’s brand has continued to see greater recognition and showing some positive effect despite the bear market. He opined that the firm is well prepared for the next phase of the market, especially after using the crypto winter to work on its product and streamlined its cost base.

As for the issue of cost base, GlobalBlock recently completed the migration of its digital asset service to Lithuania.

The post GlobalBlock sees significant client growth after trading app launch appeared first on CoinJournal.

Kraken Chief Operating Officer David Ripley takes over from Jesse Powell, who stays on as Chairman, Board of Directors.

Jesse Powell, the co-founder of US-based cryptocurrency exchange Kraken, is stepping down from his Chief Executive Officer position.   .

Kraken COO David Ripley takes over as CEO

In an interview aired on Thursday, Powell confirmed his exit as CEO, but said that he will remain at the company as Chairman of the board. The CEO role is being taken by Chief Operating Officer David Ripley, he added.

“I like to think of it as you know I’m taking a higher level role at the chairman level. You have ultimate oversight over the whole company. Dave Ripley will be doing all the hard work for me. So appreciate that,” he told Bloomberg TV.

Powell, who said he is excited about the next chapter – being chairman – and what it could allow him to do, also talked about the future of the company under David Ripley.

“I’m extremely confident in David Ripley and his ability to lead this company. He’s been with us since we were 50 people six years ago, all the way up to mid-3000 right now. So, you know, he’s seen it all. And I’m just super glad that we have such a deep bench and someone able to step up from the inside,” he said during the interview.

Ripley will focus on the day to day running of the company, while Powell hopes he’ll have time “to go deeper on the product and user experience.” This even as the crypto market remains in a bearish grip after a tumultuous 2022 and presents a scenario likely to hamper Kraken’s stock market debut plans.  

Powell co-founded Kraken in 2011 and remains its largest shareholder as he takes up the Chairman of the Board of Directors role.

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