KuCoin Partners With Coinrule to Bring Automated Trading
Coinrule Set to Integrate KuCoin
According to an official announcement from today, Coinrule is set to integrate KuCoin spot market data to enable its users to trade cryptocurrencies on KuCoin via its API on the platform. In the near future, KuCoin's other products such as margin trading and futures trading will also be supported on its network.
Commenting on the development, the CEO of KuCoin, Johnny Lyu said:
"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."
Notably, crypto traders have been increasingly embracing automated trading owing to its comfort, convenience, and top-notch security mechanism. Back in 2021, KuCoin launched its Trading Bot Service with support for 5 advanced trading strategies, allowing users to gain passive income without the need to supervise the market.
With its latest partnership with Coinrule, KuCoin takes a step up to lower the barriers to investment for crypto users in an effort to bring more users to build advanced automated trading strategies to trade on the KuCoin via Coinrule.
KuCoin's Valuation Includes a Whopping $10B
Launched in 2017, the Seychelles-based crypto exchange offers over 700 crypto assets for trading including spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 18 million users across 207 countries
In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing its total investments to $170 million with Round A combined, at a total valuation of $10 billion.