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- KuCoin has secured AUSTRAC registration to strengthen its presence and compliance in Australia.
- The exchange is enhancing local access for Australian users through fiat on-ramps and AFSL-backed partnerships.
According to an official press release shared with CNF, KuCoin is now officially registered as a Digital Currency Exchange (DCE) under AUSTRAC in Australia. This registration places KuCoin under AUSTRAC’s formal oversight for digital currency exchange services.
At the same time, the platform has also confirmed a partnership with Echuca Trading. Echuca Trading is a financial services provider holding an Australian Financial Services Licence (AFSL) issued by ASIC. This is just one of KuCoin’s many partnerships since 2017, when it was founded. The platform has become a leading global crypto platform.
As we reported, KuCoin recently opened a new HQ office in Australia. Registering with AUSTRAC is just one of many regulatory achievements, especially after the exchange became the first major platform to achieve a full suite of global security certifications.
As part of its broader compliance strategy, the exchange plans to register for additional designated services with AUSTRAC.
AUSTRAC Approval Enhances Compliance and Local Presence as a Trusted Crypto Platform
The exchange offers access to 1,000+ digital assets, including spot and futures trading, Web3 wallet services, and institutional solutions. According to BC Wong, the Global CEO of KuCoin, the AUSTRAC registration is a major step in KuCoin’s effort to strengthen its regulatory compliance. In a statement, Wong said:
“[…] Australia maintains some of the highest standards for digital asset oversight, and our AUSTRAC registration reflects our long-term commitment to operating transparently and responsibly. We will continue investing in robust compliance systems to protect users and support the healthy growth of the Australian digital asset ecosystem.”
James Pinch also emphasised that the AUSTRAC registration and AFSL-backed framework allow the exchange to offer “safer, smoother fiat access”. Pinch, who is the Managing Director for KuCoin Australia, believes this will build trust through strong compliance standards.
The platform serves over 40 million users across more than 200 countries and regions. With AUSTRAC registration and the Echuca Trading partnership, Australian users can now easily deposit Australian dollars to buy and trade cryptocurrencies on KuCoin.
