The large cryptocurrency exchange KuCoin announced the imminent launch of the KuMEX cryptocurrency derivatives trading platform. Platform beta testing should start today.
It is reported that the new platform was developed completely from scratch by the team KuMEX. Users will have access to trading with leverage up to 20x. The launch of the platform should take place today, but first the platform will be launched in test mode – users will be able to conduct transactions in simulation mode, and the input and output of funds will be available later.
The first derivative available for trading on KuMEX will be an indefinite contract of XBTUSDM, denominated in bitcoins. Three types of orders will be available to users: limit, market and stop orders.
Interestingly, after the launch, half of the net profit of the KuMEX platform will be used to accrue bonuses to KCS holders – KuCoin’s own tokens.
Previously reported
about the plans to launch decentralized trading at the KuCoin site, and users will be identified. This was made possible thanks to the Arwen startup solution.
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