KuCoin Expands to Australia with New Sydney HQ and 12-Month Hiring Plan

Crypto exchange KuCoin has officially set up shop in Australia, opening a shiny new office in Sydney that'll serve as the regional HQ.

Quick overview

  • KuCoin has opened a new office in Sydney, establishing its regional headquarters in Australia to tap into the growing cryptocurrency market.
  • The exchange plans to hire experts in compliance, cybersecurity, and product development, with James Pinch appointed as Managing Director for the Australian operation.
  • KuCoin aims to obtain an Australian Financial Services Licence to offer its full suite of services and is actively engaging with the local community by sponsoring major crypto events.
  • This expansion follows KuCoin's recent international moves, including licensing in Thailand and launching new user-friendly services like KuCoin Pay and KuMining.

Crypto exchange KuCoin has officially set up shop in Australia, opening a shiny new office in Sydney that’ll serve as the regional HQ. This move means KuCoin is now ready to make its mark in one of the world’s fastest-growing cryptocurrency markets.

The exchange has announced plans to hire a number of staff over the next year, including experts in compliance, cybersecurity, operations, and product development. The idea is to make KuCoin part of the local community, and to that end, they’ve brought on James Pinch as Managing Director for the Australian operation. He’s a high-flyer with experience at OKX, CMC Markets, Vantage, and Invast Global.

Pinch is upbeat about Australia’s cryptocurrency prospects, saying “Aussie investors are dead serious about digital assets and we think the market is going to nearly double in size by 2026, to a whopping $1.2 1.2billion. What they want is transparency, stability, and innovation, and that’s exactly what KuCoin delivers – with a great user experience and genuinely top-notch security”.

Regulatory Compliance and Getting Involved with the Local Community

Before KuCoin can start offering its full suite of services to Aussie customers, it needs to get an AFSL (Australian Financial Services Licence). And that’s because if you want to trade in the Aussie Dollar or in the Fiat-to-crypto market, that’s what you need. This all makes sense in a regulatory landscape where digital asset platforms might soon be brought under the Corporations Act – and if they don’t get in line, they could be facing fines of up to 10% of their annual turnover. That could be more than $16.5 million.

To get itself connected with the local community, KuCoin has signed up to sponsor the Australian Crypto Convention, and it looks like they’re in good company – other names on the list include Gemini, which recently launched its local operation and registered with the Australian Transaction Reports and Analysis Centre to cover its anti-money laundering obligations.

Some key points to note about KuCoin in Australia:

  • Getting that AFSL sorted so we can start accepting Aussie Dollars and trading in the Fiat-to-crypto market.
  • Snagging some top talent to help us out with compliance, security, and making our products better
  • Putting our cash where our mouth is and getting involved with major crypto events

Global Growth and New Services

This Aussie expansion for KuCoin follows hot on the heels of a few other international moves – like getting licensed in Thailand and signing up to a government-backed bond initiative in G‑Token. Worldwide, KuCoin has been busy rolling out more services to make its crypto platform more user-friendly, such as:

  • KuCoin Pay, which lets you use your crypto to top up your phone, get gift cards, and pay for data plans
  • KuMining, a cloud platform for people who want to mine Bitcoin, Dogecoin, and Litecoin without needing to buy their own hardware
  • Partnerships with other financial and blockchain projects to give our users some new and exciting services to play with

All of this is part of KuCoin’s long-term plan to grow its global presence and stay one step ahead of changing regulations, while at the same time providing our users – whether thats individuals or institutions – with super-safe and innovative crypto solutions.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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