The KuCoin cryptocurrency exchange is celebrating the first anniversary of its Trading Bot product, which has become a favorite among users.
KuCoin is commemorating the launch of its Trading Bot, which was launched in January of 2021, and has since been used to create over 5.5 million automated trading constructs with an overall profit of over $150 yielded by the exchange’s users.
The Trading Bot was initially designed as a passive income-generating instrument for automated trading strategies.
The use of its automated features allows users to save on costs and reduce the time it takes to react to various market conditions.
KuCoin statistics indicate that over 300,000 users of the exchange resorted to the Spot Grid strategy within a month of the Trading Bot’s launch, which has since expanded the lineup of offered strategies to include DCA, Futures Grid, Smart Rebalance, and Infinity Grid.
Over 665 trading pairs are currently on offer for spot trading along with 79 trading pairs for futures trading.
The exchange aims to commemorate the event by launching the KuCoin Trading Bot carnival, starting from January 18, 2022. The event will distribute giveaways worth $100,000, as well as bonuses and Airdrops.
Prizes will include rebate coupons, newcomer benefits, and others. Limited edition NFTs, dubbed Lumens, will also be on offer, giving users access to 10,000 unique bots with a variety of distinctive features and appearances.
All of the bots will be made available for trading on the KCC NFT market after the end of the event.
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