KuCoin, an IDG-backed global crypto exchange has announced the launch of its latest product KuCloud— the one-stop cryptocurrency trading platform. It is an advanced white-label solution with world-class, secure, scalable and high-liquidity infrastructure technology for crypto spot and futures exchanges.
The new KuCloud currently offers two products under its banner viz., XCoin and XMEX, while delivering key functionalities of the KuCoin Spot platform and KuMEX Futures platform. The functionalities of the platform also include the company’s standard world-class architecture, risk-management system, high market depth & liquidity, all-around customer support and more.
The white-labeled solution offered by KuCloud makes it easier for partners to set up their own cryptocurrency exchange platforms. The entire process of creating a custom exchange to suit local market needs, complete with features like spot trading, margin trading, staking, fiat gateway and up to 150x leverage futures trading takes as less as 72 hours. The highly scalable KuCoin architecture further enables KuCloud to provide additional customization options to partners.
“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”, said Johnny Lyu, co-founder of KuCoin. ” 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.”
Currently, KuCloud is offering an early bird privilege of zero-cost crypto exchange set up and launch, which could result in savings on R&D and implementation time and costs worth millions of dollars for exchange operators. These savings could be put to better use to help operators gain an advantage over their competitors in today’s fast-paced, cost-intensive crypto market.