Who Will Buy New Products From Bybit and KuCoin?
The post Who Will Buy New Products From Bybit and KuCoin? appeared on BitcoinEthereumNews.com. Crypto exchanges KuCoin and ByBit are introducing new ways to generate revenue as exchange volumes dwindle. Bybit’s Double-Win allows customers to profit from dramatic price movements, while KuCoin’s Pre-Market trading allows peer-to-peer access to up-and-coming tokens. Bybit’s new product enables traders to profit quickly from large price swings, provided the current price differs from a settlement. KuCoin customers can lock in buying and selling prices for over-the-counter (OTC) trading, which can be settled without platform intervention. Bybit and KuCoin New Products Need Due Diligence To use KuCoin’s Pre-Market product, customers must pay a security deposit to place or fulfill orders as buyers or sellers. A failure to fulfill either side’s obligations will result in a forfeiture of the security deposit. Customers can also create sell orders that can be fulfilled when the token goes live on KuCoin. The move could appeal to more advanced traders familiar with the process of matching trades. Read more: 6 Best Crypto Presales To Invest in 2023 The product can pose a risk to investors since it allows trading of tokens that have not yet been listed. While KuCoin made know your customer (KYC) checks mandatory in June, investors could still face other risks from rug pulls and poor tokenomics. Read more: 14 Best No KYC Crypto Exchanges in 2023 A subsidiary of MEK Global Limited, KuCoin is registered as a digital asset exchange with the Financial Services Authority of the Seychelles. It was recently placed on the UK Financial Conduct Authority’s warning list for non-compliance with new financial promotion rules. Bybit’s product, on the other hand, maximizes profits from sharp price movements as long as an asset’s price is outside a settlement range. The move, while attractive, could make short-term traders view crypto as a means to reap large profits. Bybit hopes to secure a…
The post Who Will Buy New Products From Bybit and KuCoin? appeared on BitcoinEthereumNews.com.
Crypto exchanges KuCoin and ByBit are introducing new ways to generate revenue as exchange volumes dwindle. Bybit’s Double-Win allows customers to profit from dramatic price movements, while KuCoin’s Pre-Market trading allows peer-to-peer access to up-and-coming tokens. Bybit’s new product enables traders to profit quickly from large price swings, provided the current price differs from a settlement. KuCoin customers can lock in buying and selling prices for over-the-counter (OTC) trading, which can be settled without platform intervention. Bybit and KuCoin New Products Need Due Diligence To use KuCoin’s Pre-Market product, customers must pay a security deposit to place or fulfill orders as buyers or sellers. A failure to fulfill either side’s obligations will result in a forfeiture of the security deposit. Customers can also create sell orders that can be fulfilled when the token goes live on KuCoin. The move could appeal to more advanced traders familiar with the process of matching trades. Read more: 6 Best Crypto Presales To Invest in 2023 The product can pose a risk to investors since it allows trading of tokens that have not yet been listed. While KuCoin made know your customer (KYC) checks mandatory in June, investors could still face other risks from rug pulls and poor tokenomics. Read more: 14 Best No KYC Crypto Exchanges in 2023 A subsidiary of MEK Global Limited, KuCoin is registered as a digital asset exchange with the Financial Services Authority of the Seychelles. It was recently placed on the UK Financial Conduct Authority’s warning list for non-compliance with new financial promotion rules. Bybit’s product, on the other hand, maximizes profits from sharp price movements as long as an asset’s price is outside a settlement range. The move, while attractive, could make short-term traders view crypto as a means to reap large profits. Bybit hopes to secure a…
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