KuCoin adds automated crypto trading

KuCoin has confirmed that is teaming up with fintech startup Coinrule,  which provides investors with automated cryptocurrency trading.

As a result, KuCoin traders will be able to access crypto futures, spot, margin, options and perpetual swaps, along with other products, all powered by Coinrule’s proprietary API.

KuCoin currently stands tall in the cryptocurrency market with 18 million users from across 200 countries.

It’s now entering a new vertical to ensure that it retains its competitive edge and challenges Coinbase, Binance and Kraken.

Automated trading is increasingly becoming the norm in cryptocurrency markets, which has prompted many companies to seek and expand in this sector.

Presently, the KuCoin is in good financial standing as it has been able to reach $10bn in pure valuation.

Meanwhile, Coinrule has been able to increase its own trading volumes to $100m across 20,000 user accounts monthly.

KuCoin CEO Johnny Lyu welcomed the opportunity. “As the ‘People‘s Exchange’, KuCoin is committed to easy-to-use trading tools for users to bring crypto to mass adoption. And the partnership with Coinrule is a big step towards this”, he said.

Coinrule CEO and founder Gabrielle Musella was similarly pleased with the news of this new alliance and said that Coinrule was prepared to provide a sterling service to KuCoin.

If you want to explore the world of cryptocurrency but aren’t keen on trading, you can join Bitcasino, 1xBit or FortuneJack.

Source

Updated: 07/14/2022 — 13:00