KuCoin, a major cryptocurrency exchange , said on Tuesday that it had arranged a partnership with Coinrule to offer automated trading to its users. According to the press release, Coinrule is an automated strategies platform for digital assets.
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By integrating KuCoin spot market data on Coinrule, users are able to trade crypto assets accessible through KuCoin‘s API on Coinrule. In addition, Coinrule will support KuCoin’s margin and futures trading products in the future. With support for five advanced trading strategies, KuCoin launched its Trading Bot service back in 2021.
“As the ‘People’s Exchange, KuCoin is committed to easy-to-use trading tools for users to bring crypto to mass adoption. And, the partnership with Coinrule is a big step towards this,” Johnny Lyu, KuCoin CEO, commented.
Gabriele Musella, the CEO and Founder of Coinrule, added: “At Coinrule, we are glad to see KuCoin joining our integration program. Our Users are eager to trade on KuCoin and to explore all the markets it provides.”
As part of KuCoins pre-Series B round, over $150 million was invested, bringing the total investment to $170 million with Round A combined, for a total valuation of $10 billion. According to CoinMarketCap, KuCoin is among the top 5 crypto exchanges. Also, in 2021, Forbes named KuCoin as one of the best crypto exchanges. In addition, KuCoin was named the Best Crypto App for enthusiasts by The Ascent in 2022.
KuCoin and Brazil
Last month, KuCoin announced that its spot market will support fiat trading pairs, with the Brazilian Real (BRL) becoming the first fiat. The platform added BTC/BRL, ETH/BRL and USDT/BRL trading pairs to its spot market.
KuCoin has been expanding aggressively in the Brazilian market since 2022. On March 23, KuCoin supported PIX&TED, the Brazilian Central Bank‘s transfer payment method, allowing users to deposit BRL directly on KuCoin’s official website for purchasing cryptocurrencies through KuCoins Fast Buy channel.
