Read the announcement KuCoin released today:

Dear KuCoin Users,

KuMEX is a brand new cryptocurrency derivatives trading platform, independently developed by the KuMEX team that offers various leveraged contracts. KuCoin will launch the public beta for KuMEX at 18:00 on July 8, 2019 (UTC+8). The public beta of KuMEX will be used for simulated trading only. Deposits and withdrawals will not be supported in the public beta. The development of a contract trading platform has extremely high requirements, and so the autonomy of technology is an important basis for the stable development of the contract trading platform in the long term.

KuMEX Platform Introduction

KuMEX will firstly open the Bitcoin Perpetual Contract (XBTUSDM) which is quoted in USD and denominated in Bitcoin and offers up to 20 times leverage. The platform currently supports three types of order: limit order, market order and stop order. After the official release of KuMEX, the platform will use 50% of the net revenue from KuMEX for KCS Bonus distribution for KCS holders.

Public Beta Activity

To celebrate the public beta launch of KuMEX, the platform will deposit demo assets of 1 XBT (that is, 1 BTC) into each user’s account for simulated trading. The activity will last for 3 weeks after launch, with a total rewards of 10,000 KCS for the first week of the event.