There is an opportunity to try new platform KuMEX by KuCoin Exchange. This project has emerged recently and has a huge potential. KuMEX (KuCoin Mercantile Exchange) is an advanced cryptocurrency Trading Platform dedicated to building a world-class cryptocurrency contract platform to offer the most secure and professional leveraged contract trading products and top services for users. It offers leveraged perpetual contracts that are bought and sold in Bitcoin. KuMEX is now fully open for trading. Deposit, withdrawal and asset transfer services are available to all users.
You are welcomed to join KuMEX (https://www.kumex.com/) to celebrate the full opening and take a part in Rate of Return competition, with a total reward of 2 Bitcoins. This is a really unique chance to win BTC. You have to be fast because it will end August 25, 2019 23:59:59 (UTC+8). To ensure the fairness of the competition, there shall be 2 groups in the Rate of Return competition, high frequency trading group and low frequency trading group, respectively.
KuMEX is the good idea how to innovate and give a value to the cryptoindustry. This is the future. This is the way how to trade BTC.
Few words about KuCoin exchange which you can join here. KuCoin exchange is multicrypto exchange with advanced KuCoin API. KuCoin’s APIs are designed to offer an easy and efficient way to develop secure and programmatic trading strategy. KuCoin offers users a suite of order types to give traders the tools they need for every scenario, e.g Limit, Stop, Post Only, etc. KuCoin has multiple security mechanisms to protect user information and funds are our first priority, e.g SMS authentication and device trust system. The exchange is attractive to the most powerful trading makers, creating high liquidity while also saving trade costs and improving trade efficiency. Support team is available 24 hours a day to assist with any issues or questions which comes handy. The KuCoin Websocket feed, newly added App and SMS push notifications let you easily gain access to real-time market data. They are releasing new airdrops/competitions quite often. Their native token seems as a good investment. It is listed at CoinMarketCap and is rising in value.
More to know abou KuMEX:
Professional Design of Financial Engineering Level
The contract is quoted in USD and denominated in Bitcoin, in which the potential centralization risks arise from the stable coin is avoided.
High Frequency Trading Engine
Industry leading order-matching frequency with 1 million orders per minute and less than 1 milisecond time delay.
Financial Proved Risk Control Mechanism
Secure and stable risk monitoring and control with separate hot and cold wallets and real-time online auditing for all positions and assets.
Multi-Leveled Disaster Tolerance Infrastructure of High Availability
All the contract trading products are built on an industry-leading infrastructure of high availability, providing 7*24 hour zero-downtime protection to the online services and products operations.
Bitcoin(XBT) Contract Guide
The Bitcoin mini perpetual contract is aimed to replicate the underlying bitcoin spot market but with flexible leverage. The contract has no expiration date and is designed to closely track the underlying reference Price Index via Funding Rate mechanism.
Currently, KuMEX supports XBTUSDM perpetual contract trading with Bitcoin. The XBTUSDM contract is quoted in USD and denominated in Bitcoin. The underlying price is the Bitcoin Spot Index. This Index is the volume-weighted average US dollar price of Bitcoin across 6 exchanges including Coinbase Pro, Bitstamp, Kraken, Gemini, Liquid and Bittrex. The weight will be rebalanced quarterly. PNL calculation and margin are denominated in Bitcoin as well.
Multiplier
1 USD
XBT Contract Value
Multiplier / XBTUSDM Price
USD Contract Value
1 USD
PNL Calculation
No. of Contracts * Multiplier * (1 / Entry Price — 1 / Exit Price)
Traders who buy the contract will make a profit from an increase in the Bitcoin/USD price, and the sellers will be profitable if the Bitcoin/USD price drops.
*For example, a trader goes long 5 XBT at the price 5000 USD. He is long 5 * 5000 = 25,000 Contracts. After a few days, the price climbs to 6000 USD. The traders profit will be: 25,000 * 1 * (1/5000–1/6000) = 0.8333 XBT. Similarly, if the trader goes short in the first place, he will lose 0.8333 XBT in the end.
User experience
You have to log in to www.kucoin.com, use Contract tab. (If you do not have any account, register here.). At the main window Enable Contract Trading. You have to confirm that — I Have Read and Agree to the Terms of Use — to proceed.
Contract trading is easy and you will learn it really quickly. KuMEX platform is full of hints how to start and proceed with your orders. It contains performance graph, history of orders, positions etc.
Is it new and innovative?
Yes.
How would you rate the platform?
This is 5 star project without doubt.
Want to know more?
More details on website: https://www.kumex.com/ or https://www.kucoin.com
Facebook: https://www.facebook.com/KuCoinOfficial/
Twitter: https://twitter.com/KuMEX_Official
Youtube: https://www.youtube.com/channel/UCeHwvftAM2b9kRzGtXxWaGg
Telegram: https://t.me/Kucoin_Exchange
Medium Blog: https://medium.com/kucoinexchange
LinkedIn: https://www.linkedin.com/company/kucoin/
Instagram: https://www.instagram.com/kucoinexchange/
