KuCoin Launches Zero-Fee Program for African Merchants, Stimulating Crypto Market

KuCoin, a prominent global exchange market competitor, has introduced a new initiative aimed at African merchants through its Peer-to-Peer (P2P) platform. The “African Power · Ignite Your Business” program allows African merchants to onboard without any fees and participate in a trading contest. This initiative provides a valuable opportunity for African merchants to expand their international presence without the financial hurdles typically associated with international business. From May 12 to May 31, 2025, African merchants will benefit from zero fees, which is expected to stimulate the crypto market in Africa.

KuCoin's zero-fee onboarding program is designed to eliminate financial barriers for African merchants. Eligible African merchants can register on the KuCoin P2P platform at no cost, enabling quick integration into cryptocurrency trading and facilitating global trade. Supported countries include South Africa (ZAR), Egypt (EGP), Ghana (GHS), Tanzania (TZS), Morocco (MAD), Algeria (DZD), and Ethiopia (ETB). Merchants from these nations can connect their local payment streams directly with the KuCoin P2P system. For countries not listed, USD or EUR can be used for onboarding and trading, providing flexibility for more African merchants to join the growing crypto industry.

KuCoin's zero-fee entry and rapid market access make it easier for African merchants to expand offshore. Without initial onboarding costs, businesses of all sizes can join the crypto ecosystem without incurring high upfront expenses. This initiative is part of KuCoin's broader campaign to host the African Trading Championship, which aims to attract African merchants and reward high-volume traders. The championship is divided by country zones, with points awarded based on trade volume. Active participation allows merchants to accumulate points and compete for impressive rewards.

The African Trading Championship offers appealing rewards to motivate merchants to be active and competitive. Top-ranking merchants can access KuCoin P2P on the one-month Gold Merchant plan, allowing them to utilize all the platform’s features for trading. Market winners will receive a 300 USDT grand prize and the possibility of being featured on the homepage. The prize structure includes 1st Prize: 300 USDT + Homepage Promotion, 2nd Prize: 200 USDT, 3rd Prize: 100 USDT, 4th–10th Place: 50 USDT each, and a Lucky Draw with prizes ranging from 1 to 20 USDT. Through participation, merchants can enhance their trading skills and secure competitive rewards ideal for business development.

Getting started with KuCoin’s P2P trading is straightforward. African merchants can begin by logging into their KuCoin account, accessing the registration link, and entering the P2P Trading section. Users can start trading immediately by selecting their desired market and earning points for the African Trading Championship. New users must complete KYC verification to protect their trading activity on the platform. Once verified, users can trade and access the full range of benefits offered by KuCoin’s global platform. The platform includes educational tools designed to help merchants become proficient in crypto trading quickly.

New merchants on the platform can learn how to trade crypto using KuCoin’s P2P market. They should navigate to the “Buy Crypto” page, choose “P2P,” and place an order to acquire USDT. KuCoin’s intuitive design allows users, regardless of their trading history, to easily start buying and selling crypto coins. The “African Power · Ignite Your Business” campaign by KuCoin represents a significant breakthrough, providing African merchants with the necessary resources to enter the global crypto economy. Through free registration and an interactive trading competition, KuCoin equips African merchants with the tools and rewards needed to thrive in the evolving landscape of cryptocurrencies. This program is expected to enhance African merchants' international outreach and access to lucrative cryptocurrency revenue streams.

KuCoin’s efforts align with the broader vision of increased financial inclusion in Africa. By facilitating the integration of the African local market with the global digital economy, KuCoin’s no-fee policy, reward-based process, and easy customer onboarding create an environment conducive to financial innovation. African merchants can confidently pursue financial growth and innovation through this initiative.