KuMEX Is Now KuCoin Futures, Launches Ether (ETH) Perpetual Futures
Cryptocurrency exchange KuCoin on June 3, 2020, announced that its futures trading platform, KuMEX will be rebranded as “KuCoin Futures.” Users can access the newly rebranded platform at futures.kucoin.com.
KuMEX Rebrands as KuCoin Futures
IDG-backed digital currency exchange KuCoin today rebranded its crypto futures trading platform KuMEX as KuCoin Futures. All the relevant online communities and social media networks will also be renamed, the exchange said. To ensure phased rebranding, the original domain named kumex.com will continue to be available for the next six months.
The exchange added that users would not be required to re-register on the platform. KuCoin Futures users can use their existing accounts to access the website, mobile apps, and API. Moreover, the features on the KuCoin Futures website will also not undergo any alteration during the upgrade.
Launched in July 2019, KuCoin Futures is the derivatives and futures trading of the KuCoin cryptocurrency exchange. In November 2019, BTCManager reported that KuCoin Futures had launched Bitcoin (BTC) perpetual and quarterly delivery contracts as well as USDT-Margined perpetual contracts.
Notably, KuCoin Futures is the only cryptocurrency futures trading platform that supports the Level 3 data push mechanism, which is a testimony to KuCoin’s commitment to fostering a fair trading environment. The fast pace of development of the platform enabled KuCoin Futures to reach its highest trading volume of more than $200 million.
The decision to rebrand the KuCoin Futures platform comes with a set of various objectives in mind. The KuCoin Futures team aims to further increase the influence of KuCoin in the crypto derivatives market, give a new shape to the core values of the KuCoin Futures brand, and offer the best crypto futures trading experience to its users.
KuCoin Futures to Add More Cryptocurrency Futures Contracts
The futures trading platform added that post rebranding, KuCoin Futures will add more products to give its users abundant options of crypto contracts. Explicitly, KuCoin Futures stated it would utilize more resources to the platform to launch Bitcoin Cash (BCH) EOS and other digital currency futures contracts.
The exchange added that it would also unveil an array of trading services and features including, Cross Collateral, high-frequency trading dynamic diversions, and big data risk controls. KuCoin Futures reiterated that it would continue to provide its users with the best and the safest derivative financial services.
Commenting on the development, Johnny Kyu, CEO, KuCoin Global, said:
“KuCoin has been promoting 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 trading volume will be close to that of the traditional finance market, and the next few years will be a golden period for the rapid development of crypto derivatives. As KuCoin Futures continues to develop, we will see the value and global influence that KuCoin has in the derivatives market. The KuCoin Futures platform will also become the most important development engine of KuCoin.“
Last but not least, in addition to its rebranding, KuCoin Futures announced that it would launch the Ether (ETH) perpetual contracts with 100x leverage and maintaining margin rate as low as 0.5%. The platform will also launch a host of other promotional initiatives, including affiliate programs, trial funds, and a new VIP fee structure, among others.