KuMEX, the Bitcoin futures platform developed by KuCoin, right now introduced that USDT Perpetual Contracts can be formally out there on the trade at round 18:00 on March 30, 2020 (UTC+8) and deposit of USDT has already been enabled.
In contrast to the Bitcoin (BTC) Perpetual Contracts on KuMEX, all earnings, losses and account balances can be denominated in USDT. To higher handle buying and selling dangers, the BTC/USDT Spot Index utilized by KuMEX is the volume-weighted common worth of BTC/USDT throughout six exchanges together with Binance, OKEx, Huobi and KuCoin. Additionally, the buying and selling quantity weight can be adjusted on a quarterly foundation.
Johnny Lyu, CEO at KuCoin World, stated, “By introducing the world’s first Lite Model of Bitcoin futures platform, supporting 10+ languages and now the launch of USDT Contracts, KuMEX is dedicated to constructing a easy, dependable and clear futures platform. The USDT Perpetual Contracts will make it clearer and simpler for brand new futures merchants to make funding selections utilizing USDT, and mitigate the volatility introduced by non-pegged tokens.”
Together with the launch of the USDT Perpetual Contracts, KuMEX is launching a collection of giveaway actions to reward customers. Merchants will be capable of share as much as 400,000 USDT by making an attempt out the USDT Perpetual Contracts. Extra rewards can be given away based mostly on buying and selling quantity.
Formally launched on July 8, 2019, the KuMEX platform was developed by the KuCoin staff. KuMEX is the one crypto futures platform that allows Degree three Information, permitting merchants to verify each single commerce on the trade, successfully avoiding uncommon liquidation brought on by market manipulation. KuMEX gives as much as 100x leverage and at the moment helps 13 languages together with English, Chinese language, Russian, Vietnamese, Turkish, and many others.