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Victoria, Seychelles – KuCoin has proudly announced that it has become the first centralized exchange to support deposits of HYPE, the token issued by Hyperliquid, an innovative Layer 1 blockchain optimized for high-performance financial applications.
Hyperliquid is engineered to support a fully on-chain open financial system, seamlessly integrating user-built applications with high-performing native components, while ensuring a smooth user experience. With its robust capability to handle 100,000 orders per second and block latency under one second, Hyperliquid sets a new standard for on-chain transactions. The platform is based on a custom consensus algorithm, HyperBFT, inspired by Hotstuff and its successors. This technology allows orders, trades, and liquidations to be transparently executed on-chain.
The deposit of HYPE is currently available on KuCoin. When spot trading begins, the HYPE/USDT pair will be available for Trading Bots services that include: Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus and AI Spot Trend. To enhance the user experience, KuCoin is offering users who activate the deposit address before 16:00:00 UTC on December 31, 2024, a 50 USDT spot trading fee discount coupon each.
KuCoin’s integration of Hyperliquid reaffirms its commitment to pioneering the industry, fostering innovation, and providing users with cutting-edge technologies in the market. For more information and important dates, please visit the official announcement.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
Source: https://coinedition.com/kucoin-leads-as-first-centralized-exchange-to-support-hyperliquid-deposits/