Exchange platforms, Kucoin and BitSonic Announce Partnership

Exchange platforms, Kucoin and BitSonic Announce Partnership

A new “strategic partnership” between the Korean exchange Bitsonic and Singaporean KuCoin was revealed today is a news update shared on the latter’s website.

How these two former rivals on the Asian market will work together hasn’t been properly detailed as of yet, with the blog post merely stating that will see the two firms sharing liquidity, and that “the two companies will launch a broad global alliance with the opening of the linked market”. Although specifically how or why has not been properly outlined it likely to be revealed as the partnership between the two firms grow.

While readers of Cryptimi may be familiar with KuCoin as we have been keeping up to date about the platform’s progress, as well as their native, token, KuCoin Share’s progress, they may not be so familiar with the other half of this partnership, BitSonic. Well, as mentioned, the firm operates from South Korea and as a result of this, is one of just a handful of exchange platforms where you can find the currency of South Korea, KRW, as fiat pairs.

The platform opened its doors back in 2019 functioning around its own native token, BSC, holders of this they share the trading revenue with. It is also possible for those who invested in BSC to stake the token and also select rewards or liquidity manually. With the platforms overall mission being described by the news posting announcing the news as “to offer a one-stop cryptocurrency trading platform that offers services such as token sale, C2C, BSC League.”

From that short description, it is already easy to see a lot of similarities between the two firms which bodes well for them to function together well. It will be interesting to see what comes out in 2020 between these two new bedfellows.

Recently Similar News

Latest Guides

Latest News


Bao Casino Offering High Roller Bonus

Bao Casino, the online cryptocurrency based casino, is offering a large bonus for high rollers. Bao Casino, the online cryptocurrency based gambling site, is offering a new bonus for their high rollers. It is very easy to qualify for this promotion and is available to anyone who has the capital. For a limited time only, […]

21 September, 2020
Binance,Blockchain,Cryptocurrency,Exchange Platforms

Binance Visa Cards Are Now Available in Europe

Binance, the largest cryptocurrency exchange online, has recently released a Visa card in Europe, allowing users to get up 8% cashback on all purchases. Binance, the world largest cryptocurrency exchange, has partnered with Visa in order to continue their expansion into the European market and released the Binance Visa card. This card is available to […]

21 September, 2020
CFD Trading Platform,Cryptocurrency,Exchange Platforms,Trading

IQ Option Identifies Some of the Biggest Obstacles in Trading

IQ Option, the CFD and cryptocurrency trading platform, has recently created a blog post highlighting some of the biggest obstacles traders face when trading. IQ Option, the online cryptocurrency and CFD trading platform, has released a blog post highlighting some of the biggest and most challenging obstacles a trader can face while conducting their trades. […]

20 September, 2020
Bitcoin,Crypto Wallets,Cryptocurrency,Trading

Kraken Wins First Ever U.S. Bank Charter Approval For A Cryptocurrency Exchange

Kraken, the online cryptocurrency exchange, has been granted regulatory approval to be the first cryptocurrency firm with a Special Purpose Depository Institution (SPDI). Kraken, the large cryptocurrency exchange, has recently been granted approval to operate as the world’s first Special Purpose Depository Institution (SPDI), which for now is being called Kraken Financial. The license was […]

20 September, 2020

Binance Reviews The Month In Cryptocurrency And Highlights DeFi

Binance, the online cryptocurrency exchange, has released their monthly review, highlighting the historic rise of decentralized finance. Binance, the largest cryptocurrency exchange in the world by volume, has recently released their monthly review of the cryptocurrency space, highlighting the massive growth in the decentralized finance (DeFi) sector. Besides the launch of Binance Smart Chain, Binance […]

18 September, 2020

CoinMarketCap Identifies Bullish Events for Bitcoin and Explains the Drama Behind SushiSwap

CoinMarketCap, the world’s largest cryptocurrency market cap aggregator, has released an opinion piece on events surrounding Bitcoin and all the drama behind the SushiSwap saga. CoinMarketCap, the large online cryptocurrency market capitalization aggregator, has created an analysis on events surrounding Bitcoin and the craziness surround the latest DeFi craze, SushiSwap. The main event related to […]

18 September, 2020
Decentralised,Ethereum,Exchange Platforms,Trading

Uniswap Launches UNI Governance Token With Airdrop

Uniswap, the large decentralized exchange, has recently launched their governance token, UNI, and have given away 15% of the token to users. Uniswap, the Ethereum based decentralized exchange and decentralized financed (DeFi) application, have recently launched the governance token, UNI, and have airdropped a large portion of the token supply. All in all, Uniswap distributed […]

17 September, 2020
Bitcoin,Changelly,Cryptocurrency,Exchange Platforms

Changelly Explains The Concept of Short Selling

Changelly, the online cryptocurrency exchange, has recently released an article on short selling and how you can take advantage of it as a user. Changelly, the larger online cryptocurrency exchange, has created a blog post highlighting short selling and what their users can do to take advantage of this trading feature. Short selling can take […]

16 September, 2020