Cryptocurrency exchange Platform, Kucoin has entered into a strategic partnership with polygon, a blockchain scalability platform, to provide users with the best experience.
Kucoin disclosed that it chose the Polygon ecosystem as the basis for its KuCoin Wallet because the blockchain platform offers the ability to reduce transaction fees and increase transaction processing speed which will enhance users’ experience.
It further revealed that polygon’s attractiveness to the newest and most advanced developers potentially enables the Kucoin wallet to integrate them into its infrastructure.
Investors King understands that KuCoin Wallet’s integration of one of the most advanced and booming blockchains into its operation may be the wallet team’s desire to gain its share of the hot wallet market. By working to improve its product with the help of such powerful partners, KuCoin hopes to increase its wallet’s user base.
Speaking on Kucoin’s partnership with Polygon, the head of Kucoinwallet Jeff Haul said “We are excited to work with Polygon, which has been dedicated to building a thriving ecosystem and continuously expanding its technical capabilities.
“With its scalability, speed, and low network fees, we attempt to provide the best experience for our users. Also, Polygon PoS has emerged as a hub for some of the most important Web3 projects.
“With Polygon as one of our partners, we can integrate more innovative Web3 features in the future to make users explore the Web3 world in a comprehensive way.”
Launched in 2017, with its headquarters in Seychelles, since its operations, Kucoin has grown to become one of the largest global exchanges by trade volume, which currently has over 10 million users and a presence in more than 200 countries.
The user-friendly platform offers users with low trading and withdrawal fees, coupled with a vast selection of altcoins and 24/7 customer support.
It uses many security measures, including micro-withdrawal wallets, industry-level multilayer encryption, dynamic multifactor authentication, and dedicated internal risk control departments which oversee day-to-day data operations according to strict security standards.
