KuCoin, also known as the People’s Exchange, has listed two new tokens on their cross-margin trading platform. The announcement came via their official Twitter account on Wednesday, September 13th.
The new cross-margin assets added are SEI, FET. The newly available cross-margin pairs are SEI/USDT, FET/USDT.
KuCoin is a major global cryptocurrency exchange. Launched in 2017, they have grown to have more than 20 million users across more than 200 countries and regions. Read more about the token-supported and trading options in our full KuCoin review.
SEI is the native token of the Sei Network, which claims to be “the fastest layer-1 blockchain, designed to scale with the industry.”
Fetch AI (FET) stands as an Ethereum-based token designed to fuel the Fetch.ai ecosystem, a decentralized platform specializing in machine learning applications. These applications encompass diverse fields, including asset trading, gig economy tasks, and the optimization of energy grids. Notably, Fetch.ai's inaugural decentralized finance (DeFi) application assists Uniswap users in automating their trading activities based on predefined conditions.
Cross-margin trading is a risk management strategy used in financial markets, particularly in the context of margin trading and derivatives trading. It involves using the total equity in a trader's account to cover all of their open positions, rather than assigning a specific amount of margin to each individual position.