KuCoin to launch OTC renminbi service trial for USDT

Cryptocurrency exchange KuCoin has announced the launch of an OTC trading desk, which will be starting on July 2nd, 2019 (UTC+8) for trial operations.

The aim of the OTC desk is to increase methods of payment while providing a more secure and convenient deposit service for users.

A USDT/CNY OTC service will be provided on the platform during the trial operation. Users will be able to purchase tokens/coins via the supported fiat currency on KuCoin OTC.

If the trial runs smooth, it is envisioned that more tokens and fiat currencies will be soon be offered. During the initial operation, each day, the fiat-token trading will be temporarily closed from 00:00:00 to 07:59:59 (UTC+8).

Overview:

• OTC Trial Launch Time: 15:00 on July 2nd, 2019 (UTC+8)
• Supported Fiat-to-Token Trading: USDT/CNY
• Opening Hours: From 08:00:00 to 23:59:59 each day (UTC+8)