KuCoin and Newscrypto Partner Up to Launch Trading Simulator 2.0
On November 6th, 2020, KuCoin announced that it had once again partnered up with the educational platform Newscrypto.io. Together they are going to launch a new demo trading system that will allow users to learn how to trade before entering real markets.
The new demo trading system, called Trading Simulator 2.0, will allow you to trade on real price movements on 15 pairs, including BTC, ETH, NWC, LTC, TRX, NEO, and more. In the next update, all the pairs that are available on KuCoin Exchange will be added. The system will allow you to test strategies and practice your trading methods with 0 risks.
Users can place limit and market orders as well as use the stop-loss feature. Moreover, you can easily track your own profit and loss. The system also allows you to use all the tools to draw charts and trade according to your predictions, monitor order books, open trades, stop trades, and trade history. In the beginning, each user gets $10,000 to trade with. If a user loses all of the demo funds he can choose to pay a small fee to receive new funds.
Newscrypto created Trading Simulator 2.0 because researchers show that 70-80% of new traders lose money in their first trade. The system was designed to lower that number and help traders experience real trading with demo funds. KuCoin and NewsCrypto hope to guide and help every user to make a reasonable investment decision in the crypto space. The two parties are planning a few trading contests to encourage more newcomers to try out the Trading Simulator 2.0.
Established in 2017, KuCoin now offers crypto financial services including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and more to its 6 million users across 207 countries and regions around the world. KuCoin has completed $20 million (USD) round A funding from IDG Capital and Matrix Partners in 2018.
NewsCrypto aims to be the first educational platform that includes all types of crypto transactions, providing users with important transaction information and trading tools. NewsCrypto hopes to guide and help every user to make a reasonable investment decision.