KuCoin Accords Tether (USDT) for Its Future Platform KuMEX

The most advanced and secure bitcoin transaction platform, KuCoin announces that it has signed USDT Perpetual Contracts for its future platform KuMEX. The bi-way transaction will be enabled with official activation timed 18:00 hours on March 30, 2020. Previously, KuMEX was functional under Bitcoin (BTC) Perpetual Contracts, on advancing with Tether (USDT) to denominate all profits, losses and account balances of KuMEX with BTC/USDT Spot Index to manage the trade risk. The volume-weighted average price of BTC/USDT will be held as the standard for bitcoin exchange among six others, including Binance, OKEx, Huobi and KuCoin with readjustments of the volumes at quarterly basis.

“By introducing the world's first Lite Version of Bitcoin futures platform, supporting 10+ languages and now the launch of USDT Contracts, KuMEX is committed to building a simple, reliable and transparent futures platform. The USDT Perpetual Contracts will make it clearer and easier for new future traders to make investment decisions using USDT, and mitigate the volatility brought by non-pegged tokens," says Johnny Lyu, CEO, KuCoin Global.

The KuMEX platform was launched a year back in 2019 which was developed by the in-house team of KuCoin,

By introducing the world's first Lite Version of Bitcoin futures platform, supporting 10+ languages and now the launch of USDT Contracts, KuMEX is committed to building a simple, reliable and transparent futures platform.

the first and only crypto futures platform that enables Level-3 Data visualization.Using this platform, the traders keep a track of every single trade which participated in the cryptocurrency exchange. The detailing allows them to predict the market better by effectively avoiding unusual liquidation caused by market manipulation. KuMEX leverage 100x support and a global platform that can be interacted using 13 languages like 13 languages including English, Chinese, Russian, Vietnamese, Turkish and others.
This revolutionary platform envisages in availing more add-ons for the trader's interest.

KuMEX's new series of giveaway activities to reward users is the next stage upgrade where traders will be able to share up to 400,000 USDT by trying-out the USDT Perpetual Contracts. With the increase in the trade volumes in under KuMEX systems, it promises more rewards in enhancing the experience of the users.