Toward the start of 2018, the entire cryptocurrency market went into a bear run and the spot market was declining, with prices plummeting for most tokens. That lead to the burgeoning of the cryptocurrency futures market. That's not to mention that CME's Bitcoin futures contract has increased its' daily exchanging volume by 220% since December 2017. Regardless of the cryptocurrency derivatives market being marginally over portion of the crypto-to-crypto and fiat-to-crypto markets, in the customary finance world, derivatives are a much greater market contrasted to equity. As indicated by Visual Capitalist, in August 2018, the all-out cryptocurrency market capitalization was roughly $250 billion, while the complete estimation of global stock markets amounts to trillions.
What's more, contrasting the stock markets to derivatives worth $544 trillion, anyone can genuinely observe that cryptocurrency derivatives are simply in their initial days. As more and more crypto exchanges begin to enter the derivatives market, KuMEX, led by the KuCoin technical team, offers the most advanced API technology. KuMEX is aiming to provide a variety of innovative financial products to help users effectively avoid trading risks. As part of its attempt to lure traders to the new venue, KuMEX provides numerous advantages and tools which can increase a trader’s potential to profit. KuCoin is perhaps trying to get an edge on its bigger competitors by being faster in deploying their derivatives platform. It truly worth it for anyone interested in the derivatives market.
To get some commentary from its users, KuMEX is currently launching their Tryout Campaign. Users can give the platform a try and provide their feedback here (
https://docs.google.com/forms/d/e/1FAIpQLSeHgf7Qfk74Ws9h-ul5ceztchO2Z2WoImd5YQ0F8yX8Vx5zVw/closedform) by October 7. Those who provide feedback can earn up to 100 KCS!
Read more here:
https://kucoinblog.com/derivative-trading-on-kumex-sk-bt
