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Blockchain Press Releases

SCO economic, trade cooperation continues to expand




BEIJING, July 4, 2023 /PRNewswire/ — A report from People’s Daily: The SCO Industrial and Supply Chains Forum and the 2023 SCO International Investment and Trade Expo kicked off recently in Qingdao, east China’s Shandong province.

A total of 330 enterprises and organizations from 34 countries and regions, including the Shanghai Cooperation Organization (SCO) member states and regions along the Belt and Road Initiative (BRI) routes, showcased more than 10,000 types of imported specialties at the expo. Deals for purchases of goods totaling a billion yuan ($140 million) were inked.

At present, the world is facing a sluggish economic recovery, while global industrial and supply chains are undergoing in-depth adjustments.

In the face of instability and uncertainties in the world economy, SCO countries have strengthened collaboration of industrial and supply chains and promoted effective aggregation of factors and resources, contributing to the resilience and stability of the global chains, said participants in the forum.

Stable and efficient industrial and supply chains are crucial to the SCO regions and the world, noted SCO Deputy Secretary-General Nurlan Yermekbayev.


At this year’s investment and trade expo, a rich array of characteristic food, consumer goods, handicrafts, and agricultural products from different countries were put on display, offering visitors a chance to shop while enjoying a glimpse into foreign customs and traditions.

The exhibition zone of Russia was designed to resemble an elegant and romantic avenue, with a large screen wall displaying the Russian State Historical Museum.

The exhibition area of Egypt was decorated with national elements, including pyramid models, pharaoh statues, as well as live-action scenes of dromedaries and cactuses in the desert, attracting many visitors to take pictures.

Honey, dairy products, jam, and other characteristic products from Kyrgyzstan were also showcased. According to a staff member of the Ministry of Economy and Commerce of the Kyrgyz Republic in China, Chinese consumers have shown a strong interest in products from Kyrgyzstan, but lacked purchasing channels.

A batch of agricultural products from Kyrgyzstan, including honey and cherries, has arrived in China recently, said the staff member, adding that Kyrgyzstan was ready to open an official online store on Chinese e-commerce platform and planned to open brick-and-mortar stores in Chinese cities including Qingdao and Urumqi, northwest China’s Xinjiang Uygur autonomous region.


Since the establishment of the SCO in 2001, China’s trade with other SCO member states has been climbing. The trade volume reached $343.3 billion in 2021, a 28-fold growth from 2001.

The China-SCO Local Economic and Trade Cooperation Demonstration Area (SCODA) in Qingdao saw its foreign trade volume hit 36 billion yuan in 2022, up 38.3 percent year-on-year.

The SCODA has launched 31 regular international railway routes connecting China and 54 cities in 23 countries, including SCO members and countries along the BRI routes. In 2022, a total of 279,000 twenty-foot equivalent units (TEUs) of containers were handled, up 5.4 percent from the previous year.  

The forum witnessed the launch of the SCO Comprehensive Service Platform 2.0. As China’s first one-stop public service platform for local economic and trade cooperation among SCO countries, the platform has attracted nearly 5,000 enterprises since its launch.

The 2.0 version focuses on meeting the actual needs of SCO countries, such as import and export processes, local currency settlement, barter trade, and the reciprocal recognition of supervision.


It has innovatively incorporated a good number of systems for services covering SCO cross-border payment and settlement, new forms of cross-border barter trade, aviation logistics, used-car exports, and taxpayer information verification, effectively solving problems including poor cross-border settlement channels between SCO countries in the past.      

As the largest regional cooperation organization in the Eurasian continent with the greatest potential, the SCO has made unique contributions to regional stability and development.

Efforts will be made to leverage platforms including the SCO Industrial and Supply Chains Forum to continuously motivate various parties to deepen pragmatic cooperation, according to Yermekbayev, who noted that regional economic cooperation among SCO countries will yield more fruitful results.

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Blockchain Press Releases

KuCoin Introduces Omnibus Account Structure to Enhance Liquidity for Brokerage Partners




VICTORIA, Seychelles, July 19, 2024 /PRNewswire/ — July 23, 2024 – KuCoin, a leading cryptocurrency exchange, is pleased to announce a significant enhancement to its Broker Program, designed to cater to liquidity-seeking partners. This upgraded program enables participants to leverage KuCoin’s superior liquidity and diverse asset offerings across both Spot and Futures markets. With this enhancement, participants can now benefit from KuCoin’s top-tier liquidity, high-revenue shares, unlimited sub-accounts, and independent deposit addresses, allowing for functional flexibility and maintaining their own client management powers.

“Our new brokerage infrastructure is suitable for multiple types of institutional partners, such as crypto exchanges, execution terminals, layer 2 aggregators, OTCs, and traditional financial service providers venturing into crypto,” said Anton Starchenko, Director of Institution Business Development of KuCoin. 

“This upgrade demonstrates our commitment to providing our partners with the tools they need to succeed in the rapidly evolving crypto market.”

By joining the KuCoin brokerage service, brokers gain access to one main broker account with unlimited sub-accounts. Each sub-account features an exclusive deposit address, serving as a wallet to separate funds and trades. Additionally, each sub-account undergoes independent risk checks. These ongoing risk and compliance measures bolster KuCoin’s commitment to protecting partner interests. Broker accounts are subject to separate fee structures, while the broker receives a combined commission based on the cumulative volume across all accounts.

As a leading platform in the cryptocurrency industry, KuCoin is dedicated to providing top-notch security and reliability. The platform employs state-of-the-art security measures, including advanced encryption protocols, multi-factor authentication, and real-time monitoring systems to ensure the safety of users’ assets. KuCoin’s unwavering focus on security and innovation has solidified its reputation as a trusted and forward-thinking exchange in the global crypto market.


For more information about the KuCoin Broker Program and the new omnibus account structure, please visit KuCoin’s official website.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at .

Contact Us to Join

Telegram: @KuCoin_Broker


Email: [email protected]

Book a Product Call here.

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Blockchain Press Releases

Bybit Launches Block Merchant Program, Offering Up to 3,000 USDT in Rewards




DUBAI, UAE, July 19, 2024 /PRNewswire/ — Bybit, the world’s second-largest web3 platform by trading volume, announced the launch of its Block Merchant program, designed to empower users to maximize their earnings while buying or selling cryptocurrencies. Through this exciting initiative, Bybit aims to recognize and reward the valuable contributions of its P2P users.

By becoming a Bybit Block Merchant, users can unlock a range of exclusive benefits, including:

  • Lucrative USDT Merchant Rewards: Earn substantial rewards for buying or selling crypto.
  • Enhanced Visibility: Enjoy a prominent position on the platform with a special diamond label and higher priority than Bybit Verified Advertisers.
  • Increased Transaction Limits: Process larger transaction volumes with a single order limit raised to 200,000 USDT.
  • Priority Ad Ranking: Achieve top-tier visibility among advertisers under similar conditions.
  • Swift Appeal Resolution: Benefit from expedited customer service support for any issues.

Bybit is committed to providing its users with exceptional trading experiences and opportunities to thrive in the dynamic cryptocurrency market. The Block Merchant program reflects our commitment, offering users a chance to boost their income while contributing to the growth of the Bybit P2P ecosystem.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.


For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit:
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Blockchain Press Releases

Hata obtains full approval from the Securities Commission of Malaysia Launches 30% revenue sharing model on its USD crypto exchange



  • Hata obtains full approval from the Securities Commission of Malaysia and launched its exchange
  • Support USD onramp and offramp
  • Rolled out affiliate programme, sharing 30% of its trading fee with users who refer others to trade on its Exchange
  • Zero trading fee across major pairs and opportunity to earn crypto airdrop

KUALA LUMPUR, Malaysia, July 19, 2024 /PRNewswire/ — Hata has officially secured full approval from the Securities Commission of Malaysia to launch its exchange. Having obtained full approval from the Labuan Financial Services Authority (a mid-shore jurisdiction in Malaysia) in June 2023, Hata is now the first and only dual-licensed exchange by both onshore and mid-shore regulators in Malaysia.

Filling the gap in Asia with USD onramp and offramp 

Hata operates a US Dollar cryptocurrency exchange, allowing users globally to deposit, trade and withdraw funds in US Dollars. Hata users can also swap US Dollars with USDT for free.

With the foreign exchange market in Asia Pacific recorded at $396 trillion annually[1], Hata aims to serve the large US Dollar foreign exchange market by providing traders and institutions a licensed platform to convert US Dollars into stablecoins to facilitate cross border payments and access cryptocurrency in the region.

“Institutions and high net worth individuals still rely heavily on US Dollars to settle cross border transactions in Asia. With institutional adoption into cryptocurrency on the rise, coupled with weakening local currencies in the region against US Dollar, we foresee users moving their monies into USD pegged stablecoins to conduct transactions.” says David Low, Chief Executive Officer of Hata.

Hata currently supports trading of more than 40 cryptocurrency pairs on its platform that are paired with USDT and US Dollar, with the goal of supporting more crypto products in the near future.


30% Revenue Share on its Exchange

Hata ( has introduced an affiliate program. Any users who sign up on Hata can refer their family and friends to earn a reward. Hata provides a revenue share of 30% from the trading fees it earns to the affiliates who refer their network to trade on Hata’s exchange.

“This affiliate programme is designed to let users globally capitalise on their network to earn rewards. We hope that this provides an economic opportunity for our users to earn a side income with minimal effort,” says Darien Ng, Chief Revenue Officer of Hata.

Zero trading fees and free airdrop

To further incentivise early users, Hata has also rolled out zero fees for its major crypto pairs, including USD/USDT pair.


Users who sign up from now until 31 October 2024 and trade on the exchange will be added to a waitlist. Users in the waitlist will have an opportunity to earn free airdrops in the near future.

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