The ecosystem of KuCoin powers KuCoin Wallet. It is a benefit in itself, and to add to this, KuCoin Wallet has entered into a strategic partnership with Polygon to enhance the experience of its users. Polygon brings to the table many benefits and features that take the performance of its partners up a notch. For instance, scalability and usability are the two main challenges digital wallets face in the market. With Polygon by their side, both challenges will be easily tackled while keeping decentralization and leverage as the backbone for all the functions.
KuCoin Wallet enables its users to manage multiple assets. The operations are efficient, secure, and fast, with the users fully owning digital assets. However, this sets its reputation apart, making it the best crypto exchange in Singapore and many other places where it is established under regulations and licenses. Solving the issue of high transaction costs is sure to work in its favor. Users tend to participate less on the network when the transaction costs are high.
Moreover, other activities also take a hit to affect the entire ecosystem. Polygon resolves the high transaction cost challenge by letting it leverage a more efficient network to lower the translation cost. In other words, users will only be encouraged to participate in activities so that the community thrives for a successful result. Polygon recently launched Polygon zkEVM Public Testnet for better capital efficiency. It is coupled with offering a better building of decentralized applications with a low fee on Ethereum and Polygon PoS.
Jeff Haul, the Head of KuCoin Wallet, expressed excitement on behalf of the venture and appreciated Polygon for dedicating itself to building a thriving ecosystem and constantly expanding its technical capabilities. Jeff Haul highlighted that KuCoin Wallet will now attempt to provide the best experience to its users by leveraging scalability, speed, and low network fees. He further said that KuCoin Wallet can now integrate more Web3 features with Polygon as its partner, enabling users to explore the world of Web3 comprehensively.KuCoin Wallet has drawn a roadmap specifically for Polygon. KuCoin Wallet aims to launch the Polygon Ecosystem Carnival with a prize pool of $35,000 and mysterious non-fungible tokens. The launch will be associated with MM Finance, Polygon, PoolTogether, Meshswap, Zignaly, and Stader.
KuCoin, launched in 2017, has achieved the crown of the best crypto exchange globally. It is headquartered in Seychelles, with the reputation of being the most user-friendly platform. It focuses on community action reach and inclusiveness with more than 700 digital assets on the platform. Explore more about the platform on our detailed KuCoin review.
Some countries supporting its operations are Canada, Australia, the United States of America, the United Kingdom, and Russia, among many others. Strategic partnerships are the key to Web3 sphere expansion. KuCoin has entered into a strategic partnership with Polygon, and many others are expected to follow the trend.