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KuCoin Rolls-out KuCoin S, a Test Phase Social Trading Features

thenewscrypto.com 22 October 2021 01:02, UTC
Reading time: ~2 m

In total, KuCoin supports over 400 cryptocurrencies. Users in 207 countries and regions may trade Spot, Margin, P2P fiat, futures, stake, and lend. IDG Capital and Matrix Partners invested $20 million in KuCoin in 2018. Moreover, CoinMarketCap ranks KuCoin as the fifth-largest cryptocurrency exchange. Furthermore, Forbes named KuCoin Best Crypto Exchange for 2021.

KuCoin, a prominent worldwide cryptocurrency exchange, added various social trading capabilities to its mobile app to meet the increasing demand from crypto users, particularly newbies. In KuCoin S, invited users may test new functionalities before officially launching on the KuCoin App.

KuCoin’s Long-Term Goal

The launch of the social trading functionality aligns with KuCoin’s long-term goal of introducing crypto to the people. Since its inception, KuCoin has had a thorough grasp of the obstacles to entry for non-crypto currency users.

The combination of “social” and “trading” elements will help KuCoin become the biggest social trading platform in the crypto market. Users may engage with KOLs or community leaders, debate current crypto issues, and learn from others’ trading experience and tactics in KuCoin S.

It also simplifies the whole procedure for a crypto newbie by allowing quick purchase, portfolio check, copy trading, and more. All investors may access the crypto world with the most trustworthy crypto information for more effective trading decisions.

With this version, KuCoin also improves the general UI to better fit Generation Z. The platform updated its colours, visuals, and interface components to reflect the concept of “Futurism”. It also incorporates the node idea as an essential part of the blockchain ecosystem. The fact that each node is autonomous yet linked recalls KuCoin’s social aspect.

KuCoin will progressively give out additional invitation codes to let more users utilize the social trading capabilities. Less than a year from now, all users will be able to benefit from the features.

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