KuCoin Floats KuMEX, A Crypto Derivatives Trading Platform

A crypto derivatives trading platform, KuMEX has been launched by cryptoexchange KuCoin which is in its public beta stage and its initial offer will be a bitcoin perpetual contract (XBTUSDM) with up to 20x leverage. It will reportedly using bitcoin spot index providing a volume-weighted average of the U.S. dollar price of bitcoin across six exchanges: Coinbase Pro, Bitstamp, Kraken, Gemini, Liquid and Bittrex.

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