KuCoin Will Add Pudgy Penguins (PENGU) on Margin, Futures, Convert, Saving and Fast Trade
12/17/2024, 15:57:02
Dear KuCoin Users,
We are excited to announce that KuCoin now open Margin Trading, Futures Trading, KuCoin Convert with zero fees, and KuCoin Saving services for PENGU.
PENGU Margin Trading Details:
Trading Opening Time: 15:00 on December 17, 2024 (UTC)
New Margin Asset: PENGU
New Borrowable Asset: PENGU
New Margin Pair: PENGU/USDT
*The Margin Coefficient of PENGU: 0.97
PENGU will be added to KuCoin Convert at 14:00 on December 17, 2024 (UTC), 0 trading fees will be charged! Trade Now>>>
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KuCoin Convert is a live request for quotation (RFQ) platform in which you can now easily convert different assets. Once trades are confirmed, you will receive quick settlement directly into your KuCoin account.
PENGU Futures Trading Details:
Trading Opening Time: 24:00 on December 17, 2024 (UTC)
Underlying asset: PENGU
Settlement Asset: USDT
Maximum leverage: 1-50x
PENGU Saving Coin Details：
Opening Time: 16:00 on December 17, 2024 (UTC)
Expected APR: 4%
Soft Cap of Single User: 10000
Hard Cap of Single User: 1000000
Redemption Period: Immediately
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All KuCoin users can go to the KuCoin Earn website and choose their desired product to stake.
Fast Trade:
Users can buy PENGU with VISA/MasterCard, Fiat Balance, Revolut Pay, Blik, P2P Express or buy and sell PENGU with their fiat balances on the “Fast Trade” page, available within the upcoming week after PENGU is listed on KuCoin Spot.
🎁Deposit PENGU to KuCoin to Get Trading Fee Discount Coupon
Users who deposit any PENGU before 16:00:00 on December 30, 2025 (UTC), will receive a 50 USDT Spot trading fee discount coupon each. The voucher will be distributed within 3 business days after deposited.
References:
Differences Between Isolated Margin and Cross Margin
Tutorial for Futures Trading: Web Tutorial, APP Tutorial
Risk Warning: Margin and futures trading involve high risks and the potential for significant gains or losses. Severe price fluctuations may lead to forced liquidation and the loss of your entire margin balance.Users are strongly advised to fully understand the risks, choose appropriate leverage, and use stop-loss measures to mitigate potential losses. All trades are made at your own discretion and risk. KuCoin assumes no responsibility for any trading losses.
Regards,
The KuCoin Team
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