The KuCoin Crypto Exchange opens the KuMEX derivative platform
This Saturday KuCoin Cryptocurrency Exchange announced the launch of its own derivative trading platform - KuMEX.
Public beta testing of KuMEX starts on July 8. At this stage, users will not be able to enter/withdraw funds and trade will be conducted in "paper" format.
The first derivative instruments of KuMEX will be Bitcoin Perpetual Contract (XBTUSDM), quoted against the U.S. dollar and denominated in Bitcoin. The limit on the size of the shoulder will be x20. The company promises to launch "various margin contracts" in the future.
KuMEX will support three types of orders at the opening stage: Limit, Market and Stop orders. After the official launch, half of KuMEX's net revenue will be used to reward KCS holders through the KCS Bonus program.
At the end of June it became known that KuCoin will open an over-the-counter service with the support of the yuan and other fiat currencies.
Exchanges such as Binance and Bitfinex are also preparing to launch their own cryptocurrency derivatives platforms.
More and more platforms give us ability to gamble with shoulder against bitcoin, what do you think is it good or bad?
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