KuCoin is a crypto exchange that is Seychelles-based. It was launched in the year 2017. This exchange declared its partnership with Coinrule. It is one of the top-most automated cryptocurrency asset trading platforms. Such a step was taken for offering a trade to all its users.
As per their official declaration, Coinrule will be allowing its traders to trade cryptocurrencies on KuCoin making use of its API platform. It will be by integrating the spot market data of KuCoin. Soon a lot of KuCoin products such as futures trading as well as margin trading are too expected to get supported on this network. If you are looking for a great place to trade Bitcoin, you can Go Here.
The CEO of KuCoin, Johnny Lyu talked about the partnership and said that KuCoin as the People’s Exchange is dedicated to easy-to-use tools of trading for users. It is for bringing cryptocurrency to mass acceptance. This partnership with Coinrule is a great step towards it.
Gabriele Musella, the CEO and Founder of Coinrule was too excited regarding the partnership. He mentioned that Coinrule, they are happy to see KuCoin join their integration program. Their users are excited to trade on this platform. They are eager to explore every market it provides.
The new offering of KuCoin comes during a difficult time for the crypto industry. One meteoritic surge drove every coin for record highs last year. The digital coins fell because of the different regulators and economic factors.
As part of the pre-Series B round of KuCoin, more than $150 million has been invested. It brought the overall investment to nearly $170 million with Round A combined. It was for a complete $10 billion valuation. As per CoinMarketCap, KuCoin is part of the leading 5 cryptocurrency exchanges. Last year, Forbes called KuCoin one of the best cryptocurrency exchanges. Additionally, it has been named the best cryptocurrency app for every enthusiast by The Ascent this year.
Last month, it was declared by KuCoin that its spot market will be supporting fiat trading pairs. The first fiat was the Brazilian Real or BRL. This platform included BTC/BRL, USD/BRL, and ETH/BRL pairs of trading to the spot market.
It has been aggressively expanding in the market in Brazil since this year. On 23rd March, it supported PIX & TED, the method of transfer payment of the central bank of Brazil. It allowed users to directly deposit BRL on the official website of KuCoin. It was to buy cryptos.
With the use of cryptography, virtual currencies are created on blockchain tech via KuCoin’s fast buying channel.
Accepting automated trading
As per its own statistics, it rapidly grew more than in the past two years. Now it is having almost 20,000 user trading assets pricing $100 million each month.
KuCoin gives more than 700 cryptocurrency assets trading. It includes futures, spot, and margin trading along with P2P fiat trading and staking. It provides cryptocurrency assets lending to all 18 million users across over 200 countries.
This automated trading mechanism comes with high security, comfort, and convenience. Thus crypto traders have begun embracing it. It is worth noting that it launched its Trading Bot Service last year. It was for supporting five advanced trading strategies for users. Thus they will earn passive income without monitoring the current markets.
With such a partnership, KuCoin will be onboarding a lot of users. It will be promoting trading strategies on the platform and reduce the barriers to investment for users.
KuCoin is around for a long time. It grew to become one of the biggest crypto exchanges worldwide. As one user-oriented platform, the fees of KuCoin are one of the lowest globally. The cryptocurrency exchange focuses on the reach of community action and inclusiveness. On the other hand, the team of Coinrule is very excited to have one exchange such as KuCoin integrate all its services. Coinrule is a smart trading bot for crypto platforms. It will let investors have complete control of their crypto trading. It will be by supporting automated investors across one huge variety of crypto exchanges. Also, Coinrule comes with an educational section. It is designed for educating people on different aspects of crypto trading.