KuCoin, a Singapore-based global cryptocurrency exchange, announced on Thursday the launch of its new one-stop crypto trading platform solution product, KuCloud.
According to KuCoin, Kucloud offers two products, XCoin and XMEX. It is also able to deliver key functionalities of KuCoin Spot platform and KuMEX Future platform, which includes architecture, risk-management system, high market depth & liquidity, all-around customer support and more.
“With the top-tier white-label solution offered by KuCloud, partners will be able to set up their own crypto exchange in 72 hours in their local market with features ranging from spot trading, margin trading, staking, fiat gateway to up to 150x leverage futures trading. In addition, thanks to the high scalability of the KuCoin architecture, KuCloud can also customize its offering on the basis of the partners’ needs.”
While sharing more details about the product, Johnny Lyu, Co-Founder of KuCoin, stated:
“The idea of KuCloud started in 2018 as a concept called ‘subnets’, with which we intended to give our exchange a powerful advantage when expanding into new markets since each new exchange can act as a separate entity. Now we go one step further and upgrade the ‘subnets’ to KuCloud, eliminating the difficulties and hassle of opening a crypto exchange, allowing all our partners to build crypto-related platforms with us to contribute to the liquidity and mass adoption of crypto.”
KuCloud added it is now offering an early bird zero-cost to launch crypto exchange, aiming to save future fellow exchange operators million-dollar R&D input and months of time cost