KuCoin Labs announces investment in Dovi to enhance BTC-based solutions
KuCoin Labs announces investment in Dovi to enhance BTC-based solutions
The investment arm of the KuCoin exchange, KuCoin Lab, has announced its support for Dovi, demonstrating its deep understanding of the BTC ecosystem.
Dovi is a community-driven Layer-2 smart contract platform for Bitcoin and EVM compliant, designed to increase scalability, reduce transaction costs, and promote a more secure and decentralized financial ecosystem.
This decision underscores KuCoin Labs' commitment to blockchain technology and also demonstrates a deep understanding of the future development of the crypto industry.
The KuCoin Labs team announced their partnership and investment in Dovi on their X (Twitter) page.
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KuCoin Labs emphasized that it will continue to contribute to Dovi's development and key goals.
"KuCoin Labs will continue to help Dovi achieve its key goals, including product innovation, market expansion, and improving the user experience," said Lou Yu, head of KuCoin Labs.
It is worth noting that KuCoin Labs has focused on the development of the BTC ecosystem from the very beginning and has established a special fund to support projects using BTC.
In addition, KuCoin Labs said it will continue to focus on incubating, investing in the BTC sector, and introducing the next application in the industry at the phenomenon level of the BTC ecosystem.
KuCoin's investment arm also emphasized that it will support other projects using BTC. All applications can be submitted through the official website.
Launched in September 2017, the KuCoin exchange is one of the largest exchanges with high trading volumes, offering its 30 million users in more than 200 countries access to all major cryptocurrencies and tokens. Another feature of the platform is the provision of leverage up to x100, which allows users to dramatically increase their profits.
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