KuCoin Margin Trading Will Launch The New "Crypto Lending 2.0" Program
Dear KuCoin Users,
In order to improve the lending and borrowing experience of Margin trading, KuCoin will be upgrading its Crypto Lending product to Crypto Lending 2.0, which will be available to all users on July 3, 2023.
Before it is officially launched, please be informed of the following:
To the Lender:
After the launch, users can lend assets through the "KuCoin Lending 2.0” program, which supports all tokens from the previous lending market. Moreover, redemptions will be at a minimum of T+1 hour after lending out.
Also, it will prevent Margin trading users from borrowing funds from the previous lending market. Please migrate your lending funds to Crypto Lending 2.0 in time to avoid affecting your profit.
To The Borrower (No-API):
Due to insufficient lending funds in the Crypto Lending market, a number of users failed to renew their loans and were liquidated. Crypto Lending 2.0 will solve this problem and enjoy a stable supply of funds and the hourly interest followed by the markets. Please refer to "KuCoin Crypto Lending 2.0 User Documentation" for more details.
To The API Users:
Please refer to this API document: https://docs.kucoin.com/#margin-info
How to find Crypto Lending 2.0:
Go to the KuCoin website > find Earn in the website header > click on Crypto Lending 2.0
For more details, please read: KuCoin Crypto Lending 2.0 FAQ
Risk Warning: KuCoin Earn is a risk investment channel. Investors should be sensible in their participation and be aware of investment risks. The KuCoin Group is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. The KuCoin Group reserves the right to the final interpretation of the activity. Kucoin is not responsible for any loss of assets caused by the user's own investment decisions or related behaviors, and the user should assume full responsibility.
Thank you for your support and understanding!
The KuCoin Team
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