Bitcoin
BTC$19 379.81

1.82%

Ethereum
ETH$1 066.72

0.83%

Tether
USDT$0.999055

0%

USD Coin
USDC$1.000490

0.01%

Binance Coin
BNB$219.20

1.00%

Binance USD
BUSD$1.000913

-0.03%

Two major crypto exchanges are teaming up to push the industry forward


18 Sep 2020

#Bitcoin

Crypto exchanges Poloniex and KuCoin are set to research the crypto industry together, hope to benefit the whole sector. Crypto exchange KuCoin has unveiled dealings with another exchange, Poloniex, in an effort to move the crypto industry forward.   

"KuCoin and Poloniex will join hands in trading technology research and development, liquidity sharing, product iterations, PoS [proof-of-stake] and PoW [proof-of-work] mining pools, and other industrial exploration," said a statement provided to Cointelegraph. 

Together, Poloniex and KuCoin aim to help the crypto industry progress as a whole, instead of competing against each other within the sector, the statement detailed. Joint initiatives for the pair include forming a research entity, as well as other unspecified endeavors. 

KuCoin's decision to team up with Poloniex helps both entities, as each lends its strengths to the other, the statement said. 

"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," Johnny Lyu, CEO of KuCoin Global, acknowledged in the statement.

"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."

The collaboration aids the two companies in taking advantage of opportunities held in the burgeoning crypto and blockchain industry, Lyu explained. "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," he boldly added. 

Shelley Wu, vice president of global business and marketing for Poloniex, described a competitive nature within the crypto industry. She proposed a different approach, using the Poloniex and KuCoin partnership as an example, which includes joint efforts in pursuit of common goals.

Back in March, KuCoin shifted its leadership, making Lyu CEO, while making then-CEO Michael Gan the chairman of the exchange's overwatch entity, KuGroup. 

Source


Related

Bitcoin: too early to buy
Bitcoin: too early to buy
Bears prepare for a new attack on Bitcoin
Bears prepare for a new attack on Bitcoin
BTC Forecast from the President of El Salvador
BTC Forecast from the President of El Salvador
Bitcoin’s decline is oversold, but it’s too early to talk about a new rally
Bitcoin’s decline is oversold, but it’s too early to talk about a new rally
Bitcoin's continued collapse and furnace of fire for the crypto periphery
Bitcoin's continued collapse and furnace of fire for the crypto periphery
Loss of correlation with stocks will pave the way for crypto to portfolios
Loss of correlation with stocks will pave the way for crypto to portfolios
Bitcoin swings in a tight cage
Bitcoin swings in a tight cage
Bitcoin is unlikely to bottom so early and high
Bitcoin is unlikely to bottom so early and high
Bitcoin's pump or the start of a rise? America's opening will show us
Bitcoin's pump or the start of a rise? America's opening will show us

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 56.8% 88 $19 379.81 1.82% -9.72% $369 859 493 172 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 57.2% 93 $1 066.72 0.83% -13.48% $129 505 183 554 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.999055 0% -0.04% $66 019 070 422 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000490 0.01% 0.04% $55 829 935 403 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 64% 75 $219.20 1.00% -8.73% $35 790 895 178 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $1.000913 -0.03% 0.03% $17 563 246 032 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 65.2% 69 $0.318910 2.17% -12.56% $15 417 088 675 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66.4% 71 $0.451556 0.74% -10.89% $15 241 170 259 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 67.2% 69 $33.45 2.07% -18.41% $11 489 167 266 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 69.6% 62 $0.066796 1.77% -14.43% $8 861 879 949 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 92% 1 $1.000807 0.08% 0.07% $6 927 104 969 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.6% 67 $6.81 1.41% -16.65% $6 721 801 235 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 66.8% 74 $0.066132 4.44% -4.18% $6 116 428 865 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 70.4% 54 $5.89 2.75% 0.12% $5 617 655 186 LEO 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 68.4% 63 $0.000010 2.16% -12.58% $5 577 553 156 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.