June 18, 2024

KuCoin Bitcoin Exchange Launches Margin Trading

KuCoin announced that margin trading will be available on the platform on October 31.

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In the words ofrepresentatives of the trading platform, users will be able to borrow crypto assets in order to “expand opportunities in the implementation of operations” and, in particular, to open short positions.

“Compared to regular, margin trading can provide higher profits.”, - said representatives of KuCoin. -However, such trading is associated with increased risks."

Holders of native KCS tokens will be able to reduce trading commissions by 20%.

Recall that in July KuCoin launched the KuMEX platform for trading cryptocurrency derivatives, and recently the exchange announced monthly Bitcoin futures contracts.