CEO Of KuCoin Updates Users On Everything From Platform And Expansion To Partnerships And Training Centers!
CEO of KuCoin, Michael Gan recently published a blogpost titled, “KuCoin’s Update on Platform 2.0 and Future Plans”, and as the title may have hinted out, he covered every spec of the crypto exchange along with possible partnerships that are in store for the remaining of 2018 and new projects in the works.
The reason for an update in the roadmap stems from increased growth and expansion the crypto exchange witnessed since Q3, 2017. The unexpected growth led them to clean up their roadmap to what reflects more on their current and future goals. Here is a quick glimpse at what Gan had to share:
KuCoin Platform 2.0
The launch of KuCoin Platform 2.0 has been postponed to the end of Q4. According to the CEO, this respective project “started as a set of smaller upgrades to the existing system,” now “resulting in a full redesign of the trading platform.”
In discussing the features of the newly developed platform, Gan shared that it will be
“dynamic, secure and a malleable trading platform.” Some of the improvements made are a result of user request, which mainly entails stop orders like, “FOK (Fill or Kill), IOC (Immediate or Cancel), and GTT (Good till Time)”. Other improvements include speedy transactions (100,000 TPS), alteration in trading fees depending on “trading behavior”, APIs, market data, convenience and much more.
KuCoin Expands Globally
Gan previously noted that KuCoin was interested and will be working towards establishing global communities, thus far, countries that have onboarded the project include, Russia, Turkey, Vietnam and “Spanish speaking countries”.
The team plans to ensure that there are no language barriers in one’s trading experience. As per Gan’s quotes, this respective goal,
“Will bring a sense of familiarity and trust to KuCoin and form a connection to help us better communicate with our userbase. This will also help us to create more effective marketing campaigns that are country or language specific […] I plan to have a total of ten global communities up and running by Q2, 2019.”
Building Upon Existing Partnerships and Creating Some More
KuCoin’s latest projects include the “Institutional Investor Program” and the “Global Titan Ambassador Program”. The first was established to convince institutional investors to participate in crypto trading via KuCoin’s crypto exchange.
By applying, qualifying investors may get trading fee discounts and other perks. The second leans more towards innovative projects that could make a difference to the world and to do so, the team thought it was necessary to establish ambassador partnerships. This will not only help to protect users on KuCoin but also introduce “hidden gems” that deserve attention.
Gan also confirmed KuCoin’s partnership with Bitcoin Australia, describing it as “an excellent long-lasting partnership for us to help cryptocurrency grow globally.”
Educating On Blockchain Technology
Gan publicized that KuCoin’s Blockchain Training center was created to ensure that employees are well-informed on all matters blockchain. His employees were all required to take a one-month course prior to getting hired. Over the long run, Gan believes his team will be “able to educate over 100 people per month and open more training centers for other office locations by Q1, 2019.”
KuCoin’s Contribution in Research and Development (R&D)
Gan and the team are currently working on a database that would house complete details surrounding any project, including various sources of project data and market sentiment. It has supposedly been six months since starting the project and it “will become fully operational midway through Q4, 2018,” according to Gan. Once completed, internal players will get to test it out first, with more access to partners, and investors a little later in 2019.
To read more on KuCoin’s recent roadmap, check out: https://news.kucoin.com/en/update-on-platform-2-0-and-the-future-plans-of-kucoin/