Home / Crypto News / KuCoin Launches Derived Commodity Trading Platform “KuMEX”

KuCoin Launches Derived Commodity Trading Platform “KuMEX”

HOME> News> KuCoin Launches Derivative Trading Platform “KuMEX”

KuCoinが派生商品取引プラットフォーム「KuMEX」をローンチへ

Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

I have studied a wide range of technologies and applications of distributed ledger technology.

The Hong Kong Cryptographic Asset Exchange, KuCoin, has announced the launch of its KuMEX derivative trading platform.

On this occasion, KuMEX will conduct a public beta test from 7:00 pm on July 8 (Japan time) . This beta test is just a demo trade, and it is said that it is not possible to actually deposit and withdraw assets.

The first derivative KuMEX develops is Bitcoin’s non-duration contract (XBTUSDM), which allows you to trade unexpired BTC futures with up to 20 times leverage.

In this public beta test, users can try the platform using the demo version 1XBT (1 bitcoin).

KuCoin started testing OTC transactions of USDT / CNY (Chinese yuan) on 2nd this month, and seems to be working on expansion of various transaction services in the form of tracking BitMEX and Binance.

Hong Kong Exchange, KuCoin announces trial introduction of OTC trading

Article Source: KuCoin

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Author: Yuya 【Coin Desk News】 – Source Post: http://gestyy.com/w2b0Nq

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