According to a press statement, global top digital currency exchange KuCoin (KCS/USD) has added a variety of social trading features to its mobile app to fulfill increased user demand, particularly from beginners.
These functionalities will be contained in a specific location known as KuCoin S. New features can be tried out by a select group of users before they are released to the rest of the app.
KuCoin has taken another step in realizing its long-term goals
This initiative aligns with the exchange’s long-term objective of making crypto accessible to the general public. KuCoin has obtained valuable insight into the hurdles to entrance for outsiders by investigating the crypto market since its inception. CEO of KuCoin, Johnny Lyu, said:
Most practitioners in the crypto industry were focusing on building better tools to improve the interaction between humans and protocols. Therefore, the lack of interactions between users has led to the increasing educational costs and slow pace of popularization of the industry, hence creating obstacles for mass adoption.
The inclusion of social trading tools will make trading more convenient.
The new features will not only make crypto trading simpler at all levels, but they will also enable KuCoin to be the industry’s largest social trading platform.
KuCoin S will provide consumers with access to current cryptocurrency news, fresh listings, and cryptocurrency gems using AI-based algorithms.
They will also get the opportunity to interact with key opinion leaders (KOLs) or community leaders, learn from others’ trading experiences and techniques, and debate hot cryptocurrency topics.
Making investing decisions easier
The new capabilities will also make it easier to make investment decisions by allowing for rapid purchases, copy trading, portfolio checks, and other functions.
The exchange also enhances the general user interface to better cater to Generation Z’s new social function. In addition, the exchange’s visuals, colors, and interface components were all updated to reflect the futuristic aesthetic.
As a fundamental aspect of the blockchain ecosystem, KuCoin incorporates the node idea into the new aesthetic. Because one node is connected yet independent of the others, this illustrates the social characteristic.
For the time being, only invited individuals to have access to the social trading features. However, they will be accessible later this year.