by Karin Chang
2 months ago
KuCoin, an IDG-backed global crypto exchange, has launched its one-stop cryptocurrency exchange solution KuCloud today.
KuCloud offers two products, XCoin and XMEX, to deliver the key features of KuCoin Spot platform and KuMEX Futures platform including its world-class architecture, risk management system, high market depth and liquidity.
With the white label solution offered by KuCloud, partners will be able to get their own crypto exchange running within 72 hours, with features ranging from spot trading, margin trading, staking and fiat gateway. KuCloud is also able to customize its product offering to cater to the partner’s needs.
“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.
He added that KuCoin has gone a step further to upgrade the subnets to KuCloud, eliminating the hassle of opening a crypto exchange, and allowing its partners to build crypto-related platforms and contribute to the liquidity and mass adoption of crypto.
In conjunction with the launch of KuCloud, it is now offering an early-bird privilege of zero cost to launch a crypto exchange, with the aim to save future exchange operators millions in research and development input and time cost.
(Source: PR Newswire)