Serving the crypto community with its highly acclaimed trading exchange services, KuCoin has announced the launch of Instant Exchange service on the network for its global customer base. The service has been the result of joint efforts by the KuCoin team in association with the quantitative market maker of the Chicago Mercantile Exchange (CME).
#KuCoin Announces Instant Exchange Service, Allowing Crypto Transaction in Seconds
✅Support of Large Orders
✅Zero Transaction Fee
— KUCOIN (@kucoincom) February 26, 2020
According to the latest reports, the newly unveiled service will expose the investors to enjoy access to instant crypto transactions for top-rated virtual currencies such as BTC, ETH, LTC, XRP, BCHAB, and USDT. Once the user submits an order, KuCoin and CME will explore the trends and figures to find the optimal exchange rate present in the global market and will make an instant settlement with the provider.
“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,” stated Johnny Lyu, co-founder of KuCoin.
The Instant Exchange service boasts of an array of advantages when compared to the traditional crypto-to-crypto trading pedagogies. Some of the merits of the Instant Exchange service are mentioned below:
- Amazing speed with the fastest transaction being executed in 1 second.
- Lends support to big transactions effortlessly.
- Avoids significant price fluctuations on the exchange’s spot market.
- No burden of transaction fees as the price depicted on the service page will be the final transaction price.
- Enhanced transaction efficiency and low transaction costs.
The new service is likely to add a new feather of achievement for the renowned cryptocurrency exchange. At present, the exchange is home to an array of financial services, including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch, etc. It serves a whopping population of over 5 million users spread across 207 countries and regions across the global boundaries. Interestingly, according to KuCoin site review, one out of four crypto users worldwide is KuCoin users.