KuMEX Exchange a secure platform for new and experienced investors
KuMEX Exchange is a Singapore-based cryptocurrency exchange platform that launched last year on July 8th. It is owned and controlled by KuCoin , the cryptocurrency exchange. The exchange focuses on Bitcoin derivatives trading.
Kumex offers its platform in two significant formats known as Lite and Pro. Pro is for more qualified investors, while the Lite version is for new and future investors just starting their contract trading careers. The exchange has been advertising the Lite version as an easy-to-use platform for future users around the world.
[amazon box="B07FY5R77T"]KuMEX Lite
KuMEX Lite was launched on January 8, 2020. The main objective behind the launch of the Lite version is to offer analytical tools such as a long-short ratio and a revenue calculator. These tools will help newcomers to the crypto futures market to forecast market trends and drive their investment policies. With the release of KuMEX Lite, three vital simplifications have also been introduced. The first simplification is a market interface that was simplified when switching from candlestick charts to line charts.
The second simplification involves the trading interface. Users only need to add the order amount, then decide on leverage and whether to go long or short to place an order on KuMEX Lite. For each order, users only need to enter the amount of money instead of the number of slots. This makes it easier for new traders to use. The third simplification includes the introduction of analytical tools. The income calculator helps estimate returns using various principles, strategies, and leverage levels.
Innovations available for the market
KuMEX has made various innovations and developments to produce an unbiased trading atmosphere and lower the threshold for investors. Meanwhile, the Bitcoin Spot Index used by KuMEX can be defined as the volume-weighted average price of BTC in dollars across six exchanges. When figures are sourced from a larger number of platforms, it will ensure that the index price on KuMEX remains fair. KuMEX Exchange also has an Insurance Fund as an automatic deleveraging mechanism, known as ADL.
The background is completely transparent and the balance will be revealed every day on the platform. It will ensure that investors who are forced to close their positions will not suffer the loss of money that exceeded their position margin. In the case of an inadequate insurance fund, a large number of platforms now follow a Socialized Loss mechanism and the ADL approved by KuMEX. It will help eliminate stiffness over settlements in a Socialized Loss mechanism. At the beginning of September last year, KuMEX started supporting the Russian language in addition to supporting the English and Chinese language on its platform. The platform is likely to support some additional languages soon.
