KuMEX, the Bitcoin Futures arm of the popular cryptocurrency exchange, KuCoin said it launched it’s Lite Version. KuMEX noted that the new release is a simplified version of the current platform, featuring tools that support investment decisions.
As per the official announcement made today, the main objective of the Lite version is to improve contract trading experience. It will also make contract trading more convenient by minimizing the complexity of the trading process.
Customers using the new version can check real-time contract product prices. This also includes updates on market movement and trends through the market graph featured on the Lite version.
Notably, this enables users to keep track of they’re profit and loss on any current holding contract from the interface.
Unlike the current KuMEX platform; users can now efficiently compute they’re earnings quickly, as KuMEX Lite features a call/put ratio over the current market. Besides, it also provides a profit calculator, enabling users to predict possible earnings over a trade.
Users can execute a crypto purchase, transfer, funds, order placement, and contract to sell directly from the trading interface. However, this doesn’t cover for basic trading features, according to the report.
KuMEX’s Bitcoin Contract
Cryptoknowmics reported lately that KuMEX launched a monthly Bitcoin futures contracts, as per the CEO, Michael Gan. This time, the contract seems different from every other existing perpetual contract on it’s platform.
As reported, it’s price will be derived from the underlying asset for the settlement on the last Friday of every month, since the contract comes with an expiry date. Meanwhile, the contracts list on the platform for two years, as the CEO explained:
“If today is May 1, than the contract month will be June and September. Traders can identify the contract month according to the contract ticker. For example, the ticker for a Bitcoin contract to settle in December 2019 is XBTZ19.”