KuCoin’s Futures Platform KuMEX Releases USDT Continuous Agreements

KuCoin’s Futures Platform KuMEX Releases USDT Continuous Agreements

KuMEX, the Bitcoin futures platform established by KuCoin, today revealed that USDT Continuous Agreements will be formally readily available on the exchange at around 18: 00 on March 30, 2020 (UTC +8) and deposit of USDT has actually currently been made it possible for.

Unlike the Bitcoin (BTC) Continuous Agreements on KuMEX, all revenues, losses and account balances will be denominated in USDT. To much better handle trading threats, the BTC/USDT Area Index utilized by KuMEX is the volume-weighted typical cost of BTC/USDT throughout 6 exchanges consisting of Binance, OKEx, Huobi and KuCoin. Likewise, the trading volume weight will be changed on a quarterly basis.

Johnny Lyu, CEO at KuCoin Global, stated, “By presenting the world’s very first Lite Variation of Bitcoin futures platform, supporting 10+ languages and now the launch of USDT Contracts, KuMEX is dedicated to constructing an easy, dependable and transparent futures platform. The USDT Continuous Agreements will make it clearer and much easier for brand-new futures traders to make financial investment choices utilizing USDT, and alleviate the volatility brought by non-pegged tokens.”

Together with the launch of the USDT Continuous Agreements, KuMEX is releasing a series of free gift activities to reward users. Traders will have the ability to share approximately 400,000 USDT by trying the USDT Continuous Agreements. More benefits will be distributed based upon trading volume.

Formally released on July 8, 2019, the KuMEX platform was established by the KuCoin group. KuMEX is the only crypto futures platform that makes it possible for Level 3 Data, enabling traders to inspect each and every single trade on the exchange, successfully preventing uncommon liquidation triggered by market control. KuMEX provides to 100 x take advantage of and presently supports 13 languages consisting of English, Chinese, Russian, Vietnamese, Turkish, and so on

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