Poloniex and KuCoin will join hands in trading technology research and development, liquidity sharing, product iterations, PoS and PoW mining pools, and other industrial exploration. The two parties will jointly promote the market which will set the existing market to translation into an incremental market and from intra-industry competition to mass development with collaboration; at the same time, the two parties will also co-invest researching resources in derivatives and the matching engine technology, and set up a joint research institute to explore new industry opportunities.
KuCoin is a world famous digital asset exchange which supports the trading of a variety of digital assets. Since it launched in September 2017, KuCoin has grown into one of the most popular digital assets exchanges, providing one-stop services such as spot trading, futures, pool-X and lending to its 6 million users in 207 countries and regions around the world. The partnership is a brand new attempt for the two renowned exchanges to expand their strategic footprint.
This strategic cooperation is of great significance to both Poloniex and KuCoin. As one of the first digital asset exchanges in the world to be the crypto equivalent of Wall Street, Poloniex’s extensive experience in expanding the global market will provide a solid foundation for KuCoin to explore new opportunities in blockchain. At the same time, KuCoin will make full use of its expertise in matching engines and futures to support Poloniex in expanding derivatives.
Poloniex VP of Global Business and Marketing Shelley Wu, comments, “We are very excited to be able to reach a strategic partnership with KuCoin. For a long time, the digital-asset exchange industry has been in a state of internal attrition and competition, but this is not healthy for the industry. The strategic cooperation between Poloniex and KuCoin shows that there is not only competition in the industry, but also the possibility of mutually beneficial cooperation and collaboration. When the industry can unite as one and forge ahead, the entire industry will benefit from it. The partnership has set a firm and influential role model.”
KuCoin CEO Johnny comments, “Due to the complexity of today’s international political and economic situation, global institutional and even individual investors are seeking to balance the new systemic risk and long-term strategic returns of high-quality assets. Decentralized digital assets that are neither endorsed nor supported by sovereign credit are rapidly becoming one of the world’s most popular quality investing targets.In other words, the market demand for digital assets is growing rapidly to address this market need, and becoming an indispensable factor in the new global economy. At this point of time, the strategic cooperation between KuCoin and Poloniex will enable both exchanges to better capture opportunities in the blockchain era. As this strategic move follows the development trend of the digital asset industry, we will be able to capture the incremental market growth and bring prosperity to this industry from multiple dimensions. I believe, when we look back in five years, the strategic partnership between KuCoin and Poloniex would be viewed as a remarkable milestone of the digital assets industry.”
Founded in 2014 and registered in Seychelles, Poloniex is one of the oldest leading digital asset trading platforms in the world, and among the first exchanges to be recognized as on par with Wall Street.
In 2019, Poloniex announced a partnership with TRON founder and BitTorrent CEO Justin Sun and other investors. The ultimate mission for Poloniex is to bring blockchain and digital assets to new heights and to provide the ultimate trading experience for investors across the globe.
KuCoin is a world’s leading digital crypto currency exchange that supports the trading of a variety of digital assets. Founded in September 2017, according to Alexa’s ranking of global websites, the number of visitors to KuCoin is among the top five in the industry. KuCoin operates in Seychelles and provides users with a multi-language, 24/7 customer service. Meanwhile, KuCoin has established localized communities in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India and other regions in order to provide the most localized services for users around the world. In November 2018, KuCoin received $20 million in Around A from IDG Capital and Matrix Partners.
