News Report
July 22, 2022

After raising $10 million, KuCoin launches immersive Metaverse office

kucoin metaverse
Kucoin Immersive Metaverse Office

Cryptocurrency exchange KuCoin has partnered with NFT Metaverse Ertha to create an immersive virtual office that comes out on July 28. This marks KuCoin’s next step in moving towards the Metaverse, which the platform entered last year after launching the Metaverse Trading Board. KuCoin aims to become the most Metaverse-friendly crypto exchange in the industry.

KuCoin is the first real-world company integrated into the Ertha Metaverse, which is currently in the beta phase. The partnership will allow Ertha’s players to enter the state-of-the-art KuCoin office, where they can explore live market charts and trade cryptocurrency in the Metaverse. 

Ertha consists of 360,000 plots of land as NFTs and encourages users to generate lifetime revenue by owning land and driving new economies and governments. In addition, the Metaverse has recently released a character creation tool for users to create their own Metavese identities.

KuCoin also announced a promotion for Ertha’s NFTs with code KUCOIN30, giving a 30% discount on purchases.

The crypto platform is ranked sixth among the top cryptocurrency exchanges, with over 20 million users worldwide, almost a billion total trades, and over $1.2 billion in trading volume. 

Yesterday, KuCoin raised a $10 million strategic investment from the global quantitative trading firm SIG (Susquehanna International Group). The company aims to use the funds to improve infrastructure and product lineup and expand and hire more professionals. KuCoin and SIG will also support crypto startups, especially the ones built on the KCC chain.

“KuCoin has been through a few crypto cycles, and we are committed to building no matter what. We are delighted to announce that we have found another partner with the same vision and values. The support of SIG will solidify our leading role as a centralized exchange and facilitate our ecosystem expansion in the decentralized Web 3.0 world,” said Johnny Lyu, the CEO of KuCoin.

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Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in Literary Studies from the University of Amsterdam and has an extensive background in writing about a wide range of topics including cybersecurity, travel, art, and culture. She has also volunteered as an editor for the animal rights organization, “Open Cages,” where she helped raise awareness about animal welfare issues. Currently, Agne splits her time between Barcelona, Spain, and Vilnius, Lithuania, where she continues to pursue her passion for journalism. Contact her on [email protected].

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Agne Cimermanaite
Agne Cimermanaite

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in Literary Studies from the University of Amsterdam and has an extensive background in writing about a wide range of topics including cybersecurity, travel, art, and culture. She has also volunteered as an editor for the animal rights organization, “Open Cages,” where she helped raise awareness about animal welfare issues. Currently, Agne splits her time between Barcelona, Spain, and Vilnius, Lithuania, where she continues to pursue her passion for journalism. Contact her on [email protected].

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