The KuCoin cryptocurrency exchange is celebrating the first anniversary of its trading bot product, which has become a favorite among users.
KuCoin is celebrating the launch of its trading bot, which was launched in January of 2021, and has since been used by users of the exchange to create over 5.5 million automated trading constructions with a total profit of over $150. has been done.
The trading bot was initially designed as a passive income-generating tool for automated trading strategies.
The use of its automated features allows users to save costs and reduce the time taken to react to various market conditions.
Figures from KuCoin show that more than 300,000 users of the exchange resorted to the spot grid strategy within a month of the trading bot’s launch, which has since proposed strategies to include DCA, Futures Grid, Smart Rebalance and Infinity Grid. The lineup has expanded.
There are currently over 665 trading pairs on offer for spot trading, along with 79 trading pairs for futures trading.
The exchange aims to celebrate this event by launching the KuCoin Trading Bot Carnival starting January 18th, 2022. The event will distribute a $100,000 gift as well as bonuses and airdrops.
Rewards will include discount coupons, newcomer benefits and more. A limited edition NFT, dubbed Lumen, will also be on offer, giving users access to 10,000 unique bots with various unique features and appearances.
After the end of the event all bots will be made available for trading in the KCC NFT market.