KuCoin Signs Partnership with Coinrule to Offer Automated Trading

KuCoin, a major cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term, said on Tuesday that it had arranged a partnership with Coinrule to offer automated trading to its users. According to the press release, Coinrule is an automated strategies platform for digital assets.

By integrating KuCoin spot market data on Coinrule, users are able to trade crypto assets accessible through KuCoin’s API on Coinrule. In addition, Coinrule will support KuCoin’s margin and futures trading products in the future. With support for five advanced trading strategies, KuCoin launched its Trading Bot service back in 2021.

“As the ‘People‘s Exchange’, KuCoin is committed to easy-to-use trading tools for users to bring crypto to mass adoption. And, the partnership with Coinrule is a big step towards this,” Johnny Lyu, KuCoin CEO, commented.

Gabriele Musella, the CEO and Founder of Coinrule, added: “At Coinrule, we are glad to see KuCoin joining our integration program. Our Users are eager to trade on KuCoin and to explore all the markets it provides.”

As part of KuCoin’s pre-Series B round, over $150 million was invested, bringing the total investment to $170 million with Round A combined, for a total valuation of $10 billion. According to CoinMarketCap, KuCoin is among the top 5 crypto exchanges. Also, in 2021, Forbes named KuCoin as one of the best crypto exchanges. In addition, KuCoin was named the Best Crypto App for enthusiasts by The Ascent in 2022.

KuCoin and Brazil

Last month, KuCoin announced that its spot market will support fiat trading pairs, with the Brazilian Real (BRL) becoming the first fiat. The platform added BTC/BRL, ETH/BRL and USDT/BRL trading pairs to its spot market.

KuCoin has been expanding aggressively in the Brazilian market since 2022. On March 23, KuCoin supported PIX&TED, the Brazilian Central Bank’s transfer payment method, allowing users to deposit BRL directly on KuCoin’s official website for purchasing cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term through KuCoin’s Fast Buy channel.