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KuMEX Becomes KuCoin Futures, ETH Contracts and More Features to Follow

KuMEX Becomes KuCoin Futures, ETH Contracts and More Features to Follow

Starting June 3, 2020, the KuMEX crypto futures buying and selling platform will probably be rebranded as KuCoin Futures, introduced the IDG-backed cryptocurrency change big. In addition to the rebranding train, the platform can even be launching an Ethereum perpetual contract with 100x leverage.
According to the announcement, KuCoin Futures will probably be accessible on its new official web site: futures.kucoin.com, and the prevailing KuMEX communities and social media channels will probably be renamed to replicate the brand new model identify. To keep away from any confusion, KuCoin will proceed supporting the unique area identify kumex.com for an additional 6 months earlier than fully shifting all futures buying and selling operations to KuCoin Futures. There gained’t be any modifications within the buying and selling expertise, and present customers can proceed buying and selling with out having to undergo the registration course of another time.
New Features on KuCoin Futures
Started in July 2019, the KuCoin Futures platform has been supporting Bitcoin perpetual and quarterly contracts in addition to USDT-Margined perpetual contracts. It holds the excellence of being the one platform with a Level Three information push mechanism to create a fair-trading surroundings. Having skilled peak buying and selling volumes exceeding USD 200 million, KuCoin Futures expects vital progress within the coming days following the inclusion of Ethereum perpetual contracts with a really low sustaining margin price of as much as 0.5%.
KuCoin Futures can also be specializing in the event and launch of BCH, EOS, and different futures contracts, together with new options like Cross Collateral, high-frequency buying and selling, dynamic diversions, and large information threat controls. However, these new additions are anticipated to be made accessible on a later stage as soon as your complete rebranding course of is concluded.
“KuCoin has been selling the underlying infrastructure for the crypto world and laying out a cryptocurrency ecosystem. As the crypto derivatives market continues to mature, the proportion of its buying and selling quantity will probably be near that of the standard finance market, and the following few years will probably be a golden interval for the fast improvement of crypto derivatives. As KuCoin Futures continues to develop, we’ll see the worth and international affect that KuCoin has within the derivatives market. The KuCoin Futures platform can even turn out to be an important improvement engine of KuCoin,” stated KuCoin Global CEO Johnny Lyu.
The choice to rebrand KuMEX to KuCoin Futures is a part of the corporate’s technique to reinforce its affect within the crypto derivatives market by revisiting the core values of the platform to supply the perfect futures buying and selling expertise to its customers. It can even be launching extra promotional actions like an associates program, trial fund, new VIP charge construction, and extra, which may play a big position in serving to KuCoin Futures obtain its targets.

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