On December 19, 2019, KuCoin, a crypto exchange backed by IDG, announced that it will add to KCS as the asset for trading margin of the platform, supporting the pair trading KCS/USDT with a leverage of up to 10 times.As a popular functionality in KuCoin, the trading margin allows users to borrow more tokens, giving in to warranty some other, to make a long trade (buy) or short (sell), by a large amount of funds by using a lesser amount to get more profits.Prior to KCS, the trading margin of KuCoin was compatible with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Tether (USDT), EOS and Litecoin (LTC) in 12 pairs of assets at the end of October.Michael Gan, CEO of KuCoin, said:
“As our token native, KCS is the backbone of almost all the services of KuCoin, and also is one of the digital assets most actively traded in KuCoin.com. The trading margin for KCS is very important movement, because they shed more light on this token, and will allow thousands of holders of KCS, existing and potential to implement trading strategies more advanced, which will result in more wins.”
Along with the new pair of trading margin KCS/USDT, KuCoin will launch an activity of interest-bearing loans ultra-low from 19 to 23 December 2019. The exchange will provide to 1,000,000 USDT for users to request loans with a daily interest rate of 0.01%, equivalent to an annualized rate of 3.7%, lower than the rate available on most other platforms cryptographic closer to 10%. The loan funds will be available at 18:00 (UTC+8) all the days and will be offered in order of arrival.Continues to KuCoin in their social networks:Facebook: https://www.facebook.com/KuCoinExchangeSpain
Telegram: https://t.me/KucoinSpanish
Twitter: https://twitter.com/KucoinSpain
Reddit: https://old.reddit.com/r/kucoinspain/
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