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.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News


Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021

Why are Crypto Holders Worried of Declaring Their Ownership?

Cryptocurrencies have been popularly regarded as the future of finance globally. Investing in virtual coins has become a lot easier than it was a few years ago with the evolving crypto industry. Over the last few years, Bitcoin has caused a lot of buzz in the market. It has established itself as the de facto […]

8 July, 2021

Bitcoin On The Rebound Following Elon Musk’s Latest Announcement

The price of the world’s largest cryptocurrency is rising again following the latest comments from Elon Musk. Bitcoin’s price has climbed and stayed above $40,000 on Monday 14th June, following an announcement by Musk that Tesla will, once again, start accepting BTC payments. The latest comments have proven once more what a powerful influence the […]

16 June, 2021

Bitcoin Is Now Legal Tender In El Salvador

The world largest cryptocurrency has become a legal currency in El Salvador. Following a congressional vote held on Tuesday, a significant majority agreed to adopt Bitcoin and use it alongside the country’s other currency, the US dollar. In the words of El Salvador’s President, this decision has made “history”. Within the next 90 days, all […]

10 June, 2021

Google Updates Its Advertising Policy To Allow Crypto Ads

Global search engine giant, Google, has announced that it will be accepting cryptocurrency advertisements targeting customers in the US. This change to the tech giant’s financial products and services ads policy is expected to be made at the start of August 2021. As a result, operators of cryptocurrency exchanges and wallets will be able to […]

8 June, 2021

Coinbase Stock Loses Over 25% Since April IPO

It was hailed as one of the greatest moments in cryptocurrency history. The Coinbase IPO was seen as the tipping point of the sector, a moment when cryptocurrencies will finally find their well-deserved place within the financial industry. Interest was high, and when Coinbase (COIN) began trading on the Nasdaq on April 14, 2021, the […]

26 May, 2021
Bitcoin,Cryptocurrency,Social Media

Bitcoin Drops by Over 30% to $30,000 After Another of Elon Musk’s Tweets

Tesla’s CEO and among the top three richest people in the world, Elon Musk, has yet again sent Bitcoin and other altcoins on a wild ride that saw the markets bleed after massive sell-offs. In a flurry of tweets that begun on Sunday, Elon seems to have implied that Tesla would liquidate its Bitcoin holdings. […]

20 May, 2021

Tune In To The 4th Edition of the AIBC Pitch

On the 25th of May 2021, Dubai will once again play host to the much-anticipated Draper-Aladdin AIBC Startup Pitch. 100 companies operating in the exciting fields of AI, Blockchain, Quantum Tech, FinTech, Big Data and IoT will be showcasing their ideas to investors and other stakeholders. Up to $500,000 can be won by any single […]

16 May, 2021