The Kucoin cryptocurrency exchange has added a new feature to improve the user experience on its mobile app. In one of the first moves in this direction, the exchange has launched KuCoin S. KuCoin S is the new social trading suite on the exchange’s mobile app and will initially be open to users who have been granted early access using a special code.
Social trading made its debut in the retail trading section of the financial markets in 2006. As the crypto market evolves to become more mainstream, several exchanges are starting to add elements of this innovation to their platforms. KuCoin has not been left out of this revolution, and it has decided to debut a new set of social trading features in its social trading suite to be known as KuCoin S.
Why KuCoin S?
KuCoin S will provide new entrants to the crypto market the opportunity to enjoy the benefits of crypto trading without having to learn all the elements themselves. The crypto market is more fast-paced than traditional financial markets, and the learning curve is steeper. Yet, crypto trading has proven itself to deliver returns that are superior to other financial markets. With KuCoin S, users get to enjoy the benefit of having several experienced eyes looking at trades, providing trade ideas and pointing out potential opportunities on their behalf.
With the KuCoin S comes an upgraded user interface that has been engineered to match the new social trading suite. KuCoin S is presently available on an invite-only basis. However, the product will make its official entry into the mobile app for all registered KuCoin users later in the year.
KuCoin opened its doors in 2017 and currently showcases more than 400 cryptocurrency trading pairs. Several trade formats exist on KuCoin: spot trading, futures, staking, lending, leveraged token trading and escrow-based peer-to-peer trading. One out of every four crypto traders has an account on KuCoin, which is now the 5th biggest crypto trading exchange globally by trading volume.