According to The KuCoin Team, the Cross Margin Trading platform on KuCoin has introduced the Pudgy Penguins (PENGU) asset and its trading pair, PENGU/USDT. The margin coefficient for PENGU is set at 0.97. Margin trading allows users to borrow funds to trade financial assets, potentially increasing profits. However, due to market risks and price fluctuations, KuCoin advises users to exercise caution, choose appropriate leverage levels, and manage losses effectively. KuCoin disclaims responsibility for any trading losses.
KuCoin Cross Margin Trading Adds Pudgy Penguins (PENGU) Asset
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