With Kucoincom and Poloniex teaming up lot of developments are expected in the whole sector. Good they are coming together for the industry’s advancement. This is just proof that more than competition mutual cooperation can help achieve more. This is considered to be a very influential model of partnership.
Justin Sun tweeted: “Kucoincom and Poloniex will join hands in trading technology research and development, liquidity sharing, product iterations, PoS [proof-of-stake] and PoW [proof-of-work] mining pools, and other industrial exploration.”
The partnership between Poloniex and KuCoin will focus on “trading, technology, research and development, liquidity sharing, product iterations, PoS and PoW mining pools, and other industrial exploration.”
Reportedly, the partnership will promote the market in a way to set the already existing market into an incremental market. They are set to transform the intra-industry competition to mass development with due collaborations. The partnership is also expected to co-invest in research resources in derivatives and also the matching engine technology to set up a joint research institute to further explore the new industry opportunities.
In response to the partnership, Sydney Ifergan, the crypto expert tweeted: “More of partnerships like that between Kucoincom and Poloniex will happen in the industry between several other players. Mergers are unavoidable.”
The current cooperation is good for Poloniex and KuCoin. Poloniex’s is hailed to be the Wall Street of the cryptocurrency space. They have ample experience in improving the global market. Therefore, KuCoin with its expertise in matching engines will be able to explore newer opportunities in the blockchain space, thus supporting Poloniex in expanding their derivatives.
KuCoin CEO Johnny Commenting
KuCoin CEO Johnny has acknowledged that there is lot of complexity in the international political and economic situation. And, that individual investors are looking to strike a balance despite the new systemic risk versus the long-term strategic returns of high-quality assets.
Johnny stated, “Decentralized digital assets that are neither endorsed nor supported by sovereign credit are rapidly becoming one of the world’s most popular quality investing targets.”
The cooperation is expected to help in capturing newer opportunities in the blockchain era. The incremental market growth is set to happen in multiple dimensions. It is expected that in just 5 years from now, the strategic partnership between KuCoin and Poloniex will be a noteworthy milestone in the digital assets industry. This is a powerful team and they have got what it takes to influence the market in a positive way.
