KuCoin, a Singapore-based global cryptocurrency exchange, announced on Wednesday the launch of its Instant Exchange service, which allows instant crypto transaction service for BTC, ETH, LTC, XRP, BCHABC, and USDT. The service was developed by KuCoin and a market maker of the Chicago Mercantile Exchange (CME).
“Compared with traditional crypto-to-crypto trading, Instant Exchange has many advantages, including the fastest transaction that can be completed in 1 second and support of large orders, which will not cause large price fluctuations in KuCoin’s spot market. In addition, the price shown on the service page will be the final transaction price, meaning that there is no transaction fee, which can greatly improve transaction efficiency and reduce transaction costs.”
While sharing more details about the service, Johnny Lyu, Co-Founder of KuCoin, stated:
“As ‘The People’s Exchange’, KuCoin has been committed to providing users with secure, simple and convenient trading experience, so that more people can embrace the blockchain and crypto world. The Instant Exchange service is a bold attempt for KuCoin, which can help users complete the optimal transaction in the shortest time.”
The launch of the service comes just days after the launch of KuCoin’s one-stop crypto trading platform solution product, KuCloud. 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.
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$3.54B
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“Compared with traditional crypto-to-crypto trading, Instant Exchange has many advantages, including the fastest transaction that can be completed in 1 second and support of large orders, which will not cause large price fluctuations in KuCoin’s spot market. In addition, the price shown on the service page will be the final transaction price, meaning that there is no transaction fee, which can greatly improve transaction efficiency and reduce transaction costs.”
