KuCoin, an IDG-backed global crypto exchange, announced that it was going instant. The Instant Exchange service allows instant crypto transaction service for BTC, ETH, LTC, XRP, BCHABC, and USDT.
KuCoin Instant Exchange service is developed by KuCoin (launched in 2017) and a top quantitative market maker of the Chicago Mercantile Exchange (CME). After a user submits an order, KuCoin and its partner will find the optimal exchange rate in the global market and make an immediate settlement. Compared with traditional crypto-to-crypto trading, with Instant Exchange, some transactions can even be completed in 1 second.
It also supports large orders, which will not cause large price fluctuations in KuCoin’s spot market. In addition, the price shown on the service page will be the final transaction price, meaning that there is no transaction fee, which can improve transaction efficiency and reduce transaction costs. Johnny Lyu, co-founder of KuCoin, said: “As ‘The People’s Exchange’, KuCoin has been committed to providing users with secure, simple and convenient trading experience, so that more people can embrace the blockchain and crypto world.”