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.
An over-the-counter (OTC) has been launched by KuCoin called, KuCoin OTC desk, which facilitates dealing between trade parties directly, instead of relying on the supervision of an exchange, joins similar services at other top US crypto businesses. Initially it will trail on the USDT/CNY pair, later more tokens and fiat currencies will be added.
The Singaporean cryptoexchange, KuCoin have announced in their website their plan to delist in the total of 10 tokens from its platform. KuCoin then commented regarding their plan to delists the tokens, “The exchange may, during the observation period, decide to delist the ST project if the exchange believes the ST project fails to take necessary actions to remedy the negative situation.”
KuCoin will support the RChain (RHOC) MainNet Token Swap. The user can deposit RHOC tokens directly and the MainNet token would be swapped via the exchange platform. RCHain is also planning to introduce REV at 1:1 ratio. The service available in 100 countries could be used to buy BTC, ETH, and others using USD and EUR.
KuCoin has added support to Lisk on its platform. The exchange has enabled the users to trade Lisk (LSK) against Ethereum (ETH) and BTC. The exchange has also opened withdrawals. Reportedly, the Lisk embraces sidechains and a full Software Development Kit (SDK). The side blockchain is connected to and settled by the separately maintained Lisk blockchain.
A cryptocurrency exchange based in Singapore, KuCoin announced its partnership with an Israeli payments start-up, Simplex, to enable the users to buy cryptocurrency with credit and debit cards. As per confirmed by KuCoin, the customer would be permitted to purchase cryptocurrencies such as Bitcoin, Ethereum, Litecoin USD and EUR using these payment cards.
KuCoin exchange has announced certain additions and delisting of cryptocurrency pairs on the platform. The platform supports the trading of Deep Brain Chain against NEO, EOS against KuCoin, and GoCoin with KCS. The company is to delist cryptocurrency trading pairs such as One Ledger with Tether, Loom with NEO, and various others from 22nd November.
The cryptocurrency exchange based in Singapore, KuCoin, announced that it raised approximately US$20million in its Series A funding round. The funds were received from various companies including IDG Capital, Matrix Partners, and Neo Global Capital. Reportedly, the received funds are to be used to support the business expansion plan and to accelerate the business of the exchange.
An announcement has been recently made by the KuCoin that their cryptocurrency exchange platform now supports the Metadium Utility Token (META). It visions to solve the flaw in the current identification system. According to the report, the transactions for deposits and trading pairs such as META/ETH are available on the platform both on mobile apps and on official website.
The Kucoin has declared the addition of USDC token on its platform. The token was unveiled by the Circle, a crypto startup. The USDC token is pegged against the dollar. The exchange platform has also listed various other stablecoins. The USDC token was initially listed on the Poloniex trading platform and was recently added to the Bitpay, blockchain payment processor.