KuCoin Crypto Exchange Launches KuMEX Derivative Platform KuCoin on Saturday announced the launch of its own derivatives trading platform - KuMEX.

KuCoin Crypto Exchange Launches KuMEX Derivative Platform

Cryptocurrency exchange KuCoin this Saturday 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 deposit / withdraw funds, and trading will be conducted in a "paper" format.

The first KuMEX derivatives will be Bitcoin Perpetual Contract or XBTUSDM, quoted against the US dollar and denominated in Bitcoin. The leverage limit is x20. The company promises to launch "various margin contracts".

During the opening phase, KuMEX will support three types of orders: limit, market and stop orders. After the official launch, half of KuMEX's net proceeds 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 OTC service with support for the yuan and other fiat currencies.

Also, exchanges such as Binance and Bitfinex are preparing to launch their own cryptocurrency derivatives platforms..

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