KuCoin Gears Up To Launch Cryptocurrency Derivatives Trading Platform

By Sumedha Bose

KuCoin, the popular crypto is all set to launch their new cryptocurrency derivatives trading platform, KuMEX.

The organization has released an announcement that this new platform is all set to release in the market in its public beta on July 9 18:00 (UTC+8).

The platform has been devised and developed independently by the KuMEX team and it will allow trading of all leveraged contracts.

Starting right from Bitcoin Perpetual Contract (XBTUSDM), the platform will offer up to 20 times leverage. It’s a lucrative offer for those who engage in derivatives trading.

For now, KuMEX’s plan is to deposit 1 XBT of demo funds into each user account for simulated trading. Their announcement states that the beta will be live for 3 weeks from the date of launch and will offer 10,000 KCS in rewards during the first week of the event.

Sumedha Bose

Sumedha uses words as her crutch to get by in life. She takes a keen interest in debating, dancing and destroying the patriarchy in her free time.

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