Seychelles-based Crypto exchange, KuCoin, recently announced an official strategic partnership with Polygon Network, the leading Layer 2 platform for Ethereum scaling and infrastructure development and one of the largest blockchain infrastructure providers around the world.
The head of KuCoin Wallet, Jeff Haul, commented, “We are excited to work with Polygon, which has been dedicated to building a thriving ecosystem and continuously expanding its technical capabilities. With its scalability, speed, and low network fees, we attempt to provide the best experience for our users.”
He added, “Also, Polygon PoS has emerged as a hub for some of the most important Web3 projects. With Polygon as one of our partners, we can integrate more innovative Web3 features in the future to make users explore the Web3 world in a comprehensive way.”
Additionally, to promote its DeFi experience for the Polygon ecosystem, KuCoin Wallet will be launching the Polygon Ecosystem Carnival in association with Polygon, MM Finance, Meshswap, PoolTogether, Stader, and Zignaly with a prize pool of $35,000 and mysterious NFTs.
Furthermore, the full integration of the Polygon ecosystem will make transactions on KuCoin Wallet faster and cheaper and provide KuCoin Wallet users with easy access to various DApps on Polygon.
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusiveness and community action reach, it offers over 700 digital assets. Currently, it provides spot trading, margin trading, P2P fiat trading, Futures trading, staking, and lending to its 20 million users in 207 countries and regions.
This year alone, KuCoin raised over $150 million in investments through a Pre-Series B Round, bringing the total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is one of the top 5 crypto exchanges, according to CoinMarketCap.