KuCoin Exchange Launches Monthly BTC Futures

KuCoin CEO Michael Gan said during his speech at the largest cryptocurrency forum Blockchain Life 2019. He announced that the launch of this product should be in the coming weeks.

Recall, the KuCoin exchange launched its own derivative platform KuMEX in July this year. It supports perpetual Bitcoin contracts with a maximum leverage of x20.

The company believes that cryptocurrency derivatives are not widely popular due to the high requirements for customers, this also applies to the minimum contract size. Therefore, the company decided that the minimum contract would be only $1.

Also, the company created a special insurance fund and the ADL mechanism (Auto-Deleveraging) to work with increased risks. It guarantees that in the case of forced closure of a position, the amount of loss will not exceed its margin.

Earlier we wrote that CME does not plan to issue BTC futures with physical delivery.