Beginning June three, 2020, the KuMEX crypto futures buying and selling platform shall be rebranded as KuCoin Futures, introduced the IDG-backed cryptocurrency trade massive. Along with the rebranding workout, the platform can also be launching an Ethereum perpetual contract with 100x leverage.
In line with the announcement, KuCoin Futures shall be to be had on its new reputable website online: futures.kucoin.com, and the prevailing KuMEX communities and social media channels shall be renamed to replicate the brand new emblem title. To steer clear of any confusion, KuCoin will proceed supporting the unique area title kumex.com for any other 6 months sooner than utterly transferring all futures buying and selling operations to KuCoin Futures. There gained’t be any adjustments within the buying and selling enjoy, and present customers can proceed buying and selling with no need to move in the course of the registration procedure in every single place once more.
New Options on KuCoin Futures
Began in July 2019, the KuCoin Futures platform has been supporting Bitcoin perpetual and quarterly contracts in addition to USDT-Margined perpetual contracts. It holds the honor of being the one platform with a Stage three information push mechanism to create a fair-trading atmosphere. Having skilled top buying and selling volumes exceeding USD 200 million, KuCoin Futures expects vital expansion within the coming days following the inclusion of Ethereum perpetual contracts with an excessively low keeping up margin charge of as much as zero.five%.
KuCoin Futures could also be that specialize in the advance and release of BCH, EOS, and different futures contracts, at the side of new options like Pass Collateral, high-frequency buying and selling, dynamic diversions, and massive information possibility controls. Alternatively, those new additions are anticipated to be made to be had on a later degree as soon as all of the rebranding procedure is concluded.
“KuCoin has been selling the underlying infrastructure for the crypto international and laying out a cryptocurrency ecosystem. Because the crypto derivatives marketplace continues to mature, the percentage of its buying and selling quantity shall be on the subject of that of the standard finance marketplace, and the following few years shall be a golden length for the fast construction of crypto derivatives. As KuCoin Futures continues to increase, we will be able to see the worth and international affect that KuCoin has within the derivatives marketplace. The KuCoin Futures platform can even turn out to be crucial construction engine of KuCoin,” stated KuCoin World CEO Johnny Lyu.
The verdict to rebrand KuMEX to KuCoin Futures is a part of the corporate’s approach to beef up its affect within the crypto derivatives marketplace by way of revisiting the core values of the platform to give you the highest futures buying and selling enjoy to its customers. It’ll even be launching extra promotional actions like an associates program, trial fund, new VIP charge construction, and extra, which might play an important position in serving to KuCoin Futures succeed in its objectives.