KuCoin, a global crypto exchange backed by IDG, today announced the Instant Exchange service, which will provide instant crypto transaction services for BTC, ETH, LTC, XRP, BCHABC and USDT.

KuCoin Instant Exchange service is developed by KuCoin and the Chicago Mercantile Exchange (CME) top quantitative market maker. KuCoin and its partner will find the optimum exchange rate on the world market and make an immediate settlement after a user submits an order.

Advantages Of Instant Exchange

Instant Exchange has many advantages in comparison with traditional crypto-to-crypto trading, that include the fastest transaction that can be completed in 1 second, and support for large orders that will not cause large price swings in KuCoin’s spot market. Additionally, the price shown on the service page will be the final price of the transaction, meaning no transaction fee, which can immensely improve the efficiency of the transactions 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. The Instant Exchange service is a bold attempt for KuCoin, which can help users complete the optimal transaction in the shortest time”.

KuCoin was founded in September 2017 and has grown into one of the most popular crypto exchanges, providing a range of financial services such as fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and more to its 5 million users across 207 countries and regions around the world. One out of four worldwide crypto-holders are with KuCoin.

Cryptolydian reported last month that, the privacy-centric platform Incognito has entered into partnership with the most popular exchanges Zilliqa and Binance to provide privacy for their customers. Under the collaboration agreement, users will have access to pZIL, a 1:1 private version of the ZIL token, and get liquidity for pZIL.

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