The post KuCoin Leads as First Centralized Exchange to Support Hyperliquid Deposits appeared on BitcoinEthereumNews.com.

Disclaimer: The information presented in this article is part of a sponsored/press release/paid content, intended solely for promotional purposes. Readers are advised to exercise caution and conduct their own research before taking any action related to the content on this page or the company. Coin Edition is not responsible for any losses or damages incurred as a result of or in connection with the utilization of content, products, or services mentioned. Victoria, Seychelles – KuCoin has proudly announced that it has become the first centralized exchange to support deposits of HYPE, the token issued by Hyperliquid, an innovative Layer 1 blockchain optimized for high-performance financial applications. Hyperliquid is engineered to support a fully on-chain open financial system, seamlessly integrating user-built applications with high-performing native components, while ensuring a smooth user experience. With its robust capability to handle 100,000 orders per second and block latency under one second, Hyperliquid sets a new standard for on-chain transactions. The platform is based on a custom consensus algorithm, HyperBFT, inspired by Hotstuff and its successors. This technology allows orders, trades, and liquidations to be transparently executed on-chain.  The deposit of HYPE is currently available on KuCoin. When spot trading begins, the HYPE/USDT pair will be available for Trading Bots services that include: Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus and AI Spot Trend. To enhance the user experience, KuCoin is offering users who activate the deposit address before 16:00:00 UTC on December 31, 2024, a 50 USDT spot trading fee discount coupon each.  KuCoin’s integration of Hyperliquid reaffirms its commitment to pioneering the industry, fostering innovation, and providing users with cutting-edge technologies in the market. For more information and important dates, please visit the official announcement.  About KuCoin Founded in 2017, KuCoin is one of the pioneering and most…

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Filed under: News - @ December 7, 2024 8:18 am