KuCoin To Launch Margin Trading Tomorrow

KuCoin To Launch Margin Trading Tomorrow

Expanding exchange platform, KuCoin has announced they are in the process of setting up a new margin trading service.

If someone was going to point their finger towards one of the most prominent advancements within 2019 at cryptocurrency exchange platforms, then it would it have to be the launch of margin trading services.

Over the last 6 months or so, the industry has seen numerous platforms incorporating the option, including CoinEx and Binance, who both threw their hats into this ring within weeks of one another. The latest platform who has now set their sights on this market is KuCoin.

KuCoin has seen under a rapid change over the course of 2019. In Summertime, they announced the inclusion of a new Soft Staking program, as well as rewards for traders who hold onto their native KuCoin Shares, which resulted in a price surge. While over the last couple of months, they have been rapidly adding new trading options to their platform, as well as adding 14 new updates to the exchange service. However, proposed margin trading is the first real branch out into whole new trading territory for the platform as they seem intent on beckoning in new dawns in their company’s history.

While we do not know exactly how this margin trading service will look just yet, we do not have long to wait. As KuCoin has indicated that it will go live by the end of the week, with a scheduled deployment of the service pegged for between 14:00 to 18:00 on October 31, 2019 (UTC+8). During which time the platform will be down for maintenance, with them informing users of these three elements to consider during the 4-hour deployment period:

  1. Transaction and order cancellation services will be suspended from 14:00 to 14:30 (UTC+8).
  2. Order trading may become unstable during the upgrade period.
  3. OTC and KuMEX services will not be affected.

For now, this is all we know, but when the option goes live we will be sure to be checking it out and informing you exactly how it works and whether it is worth checking out. In the meantime, head over to KuCoin and see how their service currently operates if you haven’t before.

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