RATE Group | Cryptocurrency Exchange Platform, KuCoin, Launches Institutional Investment Program • Li…
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Cryptocurrency Exchange Platform, KuCoin, Launches Institutional Investment Program • Li…

13 Aug Cryptocurrency Exchange Platform, KuCoin, Launches Institutional Investment Program • Li…

Posted at 03:10h in Cryptocurrency News by

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KuCoin has joined the league of cryptocurrency exchange platforms to offer specialized trading services for institutional investors. The platform has also debunked claims of shady activities on accounts of its empty “office” in Hong Kong.

The KuCoin Institutional Investor Program

The Singapore-based exchange platform announced the launch of a program for institutional investors in a blog post published on Wednesday (August 8, 2018). According to the announcement, KuCoin wishes to encourage more big-money players to engage in high-frequency cryptocurrency trades. The statement also went on to state that qualified investors would receive discounts on trading fees.

According to KuCoin, interested institutional investors will have to complete a know-your-customer (KYC) verification process. Upon completion of the verification step, the big-money traders will be all set up within five working days. KuCoin plans to offer fee discounts of between 20 percent and 80 percent for at least…

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