KuCoin Margin Trading Launches The New "Crypto Lending 2.0" Program
Dear KuCoin Users,
In order to improve the lending and borrowing experience of Margin trading, we are pleased to announce that KuCoin has launched the New Margin Trading "Crypto Lending 2.0" product.
To the Lender:
Users can now lend assets through the "KuCoin Crypto 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, Margin Trading users will be prevented from borrowing funds via 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, several users failed to renew their loans and were liquidated previously. You can now borrow through Crypto Lending 2.0 and solve this problem while enjoying 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.
* Since the previous lending market is no longer support of borrowing. Users can use the auto-borrowing or manual borrowing function through the Margin Trading Interface to borrow from Crypto Lending 2.0.
To The API Users:
Please refer to API documents:
Margin Trading(v3): https://docs.kucoin.com/#margin-trading-v3
Lending Market(v3): https://docs.kucoin.com/#lending-market-v3
How to find Crypto Lending 2.0:
Go to the KuCoin website > Find Earn in the website header > Click on Crypto Lending 2.0
Go to the KuCoin App > Find the More > Finance > Click on Crypto Lending 2.0
For more details, please read: KuCoin Crypto Lending 2.0 FAQ
* The offline time of Crypto 1.0 will be announced separately. Please migrate your lending funds to Crypto Lending 2.0 soon.
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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