Will ETH Perpetual Contracts Draw in Margin Traders?
Nearly a year after its initial release, Kucoin has decided to rebrand its margin trading platform from KuMEX to KuCoin Futures. This move was possibly doe to help differentiate KuCoin from rival margin trading platform BitMEX. KuCoin announced the rebranding on Twitter earlier along with the launch of ETH perpetual futures.
KuCoin on KuCoin Futures
KuMEX.com will remain active for the next 6 months and users will not need to re-register when using KuCoin Futures. The features available on KuMEX will not change following the rebranding to KuCoin Futures, giving margin traders the same trading experience.
"As KuCoin Futures continues to develop, we will see the value and global influence that KuCoin has in the derivatives market. The KuCoin Futures platform will also become the most important development engine of KuCoin." Said KuCoin Global CEO Johnny Lyu.
In addition to the rebranding, KuCoin Futures is launching ETH Perpetual Futures contracts. This will include up to 100x leverage and a margin rate of 0.5%. The leverage rate offered by KuCoin Futures is seemingly higher than most other exchanges.
With Ethereum 2.0 on the horizon, we can expect Ethereum to be more volatile than ever and likely grow in value. Many traders might like to make use of margin trading to fully take advantage of Etheruem's upcoming developments.
Written by Jonathan Ganor
Writer & cryptocurrency aficionado