KuCoin to Go for Maintenance Before 2.0 Launch

As reported, update will started 08:00 local time (UTC + 8) and is expected to last about 14 hours
18 February 2019   653

Based in Singapore, the KuCoin cryptocurrency exchange will go into maintenance today, on Monday, February 18, in connection with the upcoming upgrade of its trading platform to version 2.0.

According to the message on the website of the exchange, the update started 08:00 local time (UTC + 8) and is expected to last about 14 hours.

During technical work, users will not have access to the platform. All pending orders will be saved until the resumption of work, while after the update is completed, users will be given 30 minutes to cancel previously placed orders. As the exchange says, such an opportunity will be presented for the purpose of possible losses due to price fluctuations in the market.

KuCoin reported in November last year about the upcoming platform update, at the same time receiving $ 20 million in investments.

The updated version of the site will support more types of orders, as well as offer "more efficient, stable and completely new APIs for trading and other new services."

Coinone to Join RippleNet

Coinone and Ripple cooperation started in May 2018, and now exchange believes it will help to create wide range of blockchain based financial services
18 June 2019   171

The Korean exchange Coinone, a member of the Big Four of Asian cryptocurrency exchange platforms, has joined the RippleNet network, AMBcrypto reports. Through participation in RippleNet, Coinone will be able to use Ripple's xCurrent solution to provide interbank services to its customers.

Coinone CEO Shin Won Hee, in a conversation with local media, said that his company would rely on cooperation with SBI Ripple Asia in creating a wide range of financial services based on blockchain technology.

According to the media, Coinone was the first exchange in South Korea, which joined RippleNet. As part of the cooperation with SBI Ripple Asia, Coinone intends to “organize overseas remittance events for 3,000 new subscribers to the block chain overseas remittance service.”

Coinone and Ripple started working together in May 2018, when the company integrated xCurrent solution into its own payment service called Cross. According to updated data, customers of the exchange can send transfers to eight Asian countries through the system, taking advantage of reduced commissions.

Earlier this month, Siam Commercial Bank, the largest commercial bank in Thailand, said it would use XRP cryptocurrency in its operations, but later, for unknown reasons, refused this statement.