What Is KuCoin Platform 2.0?
CEO of KuCoin Michael Gan recently posted on LinkedIn depicting future plans for the exchange. The most prominent update will be the release of Platform 2.0. Updated plans were created due to future developments deviating from their original roadmap plans.
The new platform KuCoin have been working on is to be delayed till the end of Q4 as the back-end and trading system are not yet ready; mainly due to a complete redesign. This is to ensure users’ expectations are met when using the platform to sell crypto. Gan suggests ‘quite a diverse set of features’ will be added showing commitment to innovation. Users are looking for an innovative platform and experience where they can enjoy selling Bitcoin.
Stop orders are to be added to the platform to include FOK (Fill or Kill), IOC (Immediate or Cancel) and GTT (Good till Time). Utilising these features will provide more reassurance and flexibility when conducting trades. The GTT feature could be used on an order to sell Bitcoin in which a conditional request is made to the system a predetermined date unless it is executed or cancelled sooner.
For security, users will be able to register their phone number to receive an SMS when a deposit or withdrawal occurs. This opens KuCoin to more implementations such as an SMS notification when an order is executed or cancelled for either buying or selling crypto.
Exchanges continue to introduce innovative new features to improve their users’ security, experience and availability. With the largest exchanges leading the way we are sure to see more endorsement entering the space.
Looking for assistance selling crypto, head to BC Bitcoin your trusted UK cryptocurrency brokerage.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards