KuCoin’s New Instant Exchange Service Supports Near Instant Crypto Transactions

KuCoin, the leading global cryptocurrency exchange backed by IDG Capital has now launched its Instant Exchange service that allows users to exchange some of the top crypto assets like BTC, ETH, LTC, XRP, BCHABC and USDT within seconds.

Created by KuCoin in collaboration with a top quantitative market maker of the Chicago Mercantile Exchange (CME),  the Instant Exchange service offers a huge advantage over traditional crypto-to-crypto trading solutions when it comes to order completion and settlement. Whenever users submit an order on Instant Exchange, KuCoin and its partner will find the optimal exchange rate in the global market and execute immediate settlement. The transaction on the platform will be completed in as less as one second.

The Instant Exchange feature is designed to support orders of any size, and the rate of order execution ensures that there is no large price fluctuation in KuCoin’s spot market due to huge, partially executed orders. Also, the final transaction price for any order will be the same as what’s shown on the service page at the time of placing the order as the platform doesn’t charge any transaction fees. It will greatly reduce transaction costs while improving transaction efficiency.

Johnny Lyu, the co-founder of KuCoin, said: “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”.

Since its launch in 2017, KuCoin has grown into one of the most popular crypto exchanges, and it currently provides a series of financial services like fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and more to its 5 million users spread across 207 countries and regions around the world. One out of four crypto holders worldwide is with KuCoin.

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Source: Newsbtc